8/59 Victoria Street, Midland WA 6056
From $329,000
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2 Bedrooms
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1 Bathroom
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1 Car
Unit
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Low-Maintenance Unit with Immediate Rental Potential
If you're an investor seeking a property that delivers immediate rental returns, Unit 8/59 Victoria Street is a smart choice. With a tenant ready to stay on at $350 per week, this low-maintenance two-bedroom, one-bathroom unit offers an effortless addition to your portfolio.
The property is designed for practicality, featuring an open-plan living and dining area, a functional kitchen with plenty of storage, and two generously sized bedrooms. A large single carport provides ample parking, while the private courtyard gives tenants outdoor space to enjoy.
Features:
• Immediate Rental Income: The current owner is prepared for a rent-back arrangement at $350-$400 per week.
• Low Maintenance: Durable brick construction and minimal outdoor upkeep.
• Strong Location Appeal: This unit is just minutes from two major shopping centers Midland Gate and Centre Point. With local stores, medical facilities, a train station, and the CBD nearby, all while having an IGA just down the street.
• Tenant Ready: A reliable tenant ensures income from settlement day.
• Transport: Commuting is a breeze with a bus stop nearby and easy access to major roads.
Contact us today to arrange a viewing and secure this prime investment opportunity!
Key Details:
• Council Rates Approx: $1,700 pa
• Water Rates Approx: $733.65 pa
• Strata Rates Approx: $2,500 pa
• Rental rate of $400pw on a long-term lease.
Property features
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Carports
1
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Toilets
1
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Floor area
64m2
Property snapshot by reiwa.com
This property at 8/59 Victoria Street, Midland is a two bedroom, one bathroom unit listed for sale by Edward Harfouche at Real Estate Plus.
For more information about Midland, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Midland profile page.
If you would like to get in touch with Edward Harfouche regarding 8/59 Victoria Street, Midland, please call 0409 004 424 or contact the agent via email.
Cost breakdown
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Council rates: $1,700 / year
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Water rates: $733 / year
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Strata fees: $625 / quarter
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Midland overview
Midland is a mixed-use suburb with industrial, commercial and residential areas. It experienced its most substantial development period occurring during the post-war years. More recently, Midland experienced growth between 2001 and 2011 as new dwellings were added to the Midland Redevelopment Area, a State Government urban renewal project which commenced in 2000.
Life in Midland
Midland offers its residents a suburban environment with a good supply of commercial and recreational establishments. There are three shopping centres in the area, Midland Central Shopping Centre, Midland Gate Shopping Centre and Centrepoint Shopping Centre, plus a leisure centre, speed dome, sports complex, a skate park, town hall and arts centre. Other major establishments include Swan District Hospital, Polytechnic West Midland Campus and a number of schools. There is also plenty of open public space with parks, reserves, walk trails and ovals in abundance.
Midland quick stats
High end
$600k
Median
$520k
Low end
$455k
31.3 %
Annual growth
$520k
Annual median sales price
$550pw
Annual median rental price
