Sold
85 Campbell Road, Spencer Park WA 6330
Sold price: $870,000
Sold: 18 Nov 2020
Sold
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10 Bedrooms
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6 Bathrooms
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4 Cars
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Landsize 1,262m2
Apartment
View
CITY UNIT BLOCK UP FOR GRABS
You might occasionally see For Lease signs pop up out the front of this six-residential unit complex, only to see a Leased sign appear soon after.
This key R20-zoned investment property has revealed a consistently high tenancy rate spread across many years, and this trend continues to this day.
There are some long-term tenants residing and there is quite a sense of community spirit within the complex.
Just look at the location and low-upkeep nature of the property, and it is understandable why the units have proved popular with tenants.
Shops, schools, sporting amenities, parks, medical services and bus stops are all within walking distance and Albany's CBD is only 2.3-kilometres away.
The property reaps approximately $65,000 per annum in rental income and there are sound prospects to build on this figure.
Currently returning 7.9% return PA.
There are three different floorplans, with the main one being a 4x2 unit with garage and workshop. The 2x1 units have carports and there are four parking bays on the property. Some units have undergone a spruce up in the past.
Investment properties of this type rarely surface for sale so close to the city.
For more detailed information or to arrange a private viewing please contact Rob Humfrey on 0428 447 226
Property features
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Air conditioned
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Garages
2
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Carports
2
Property snapshot by reiwa.com
This property at 85 Campbell Road, Spencer Park is a ten bedroom, six bathroom apartment sold by Rob Humfrey at Wellington & Reeves on 18 Nov 2020.
Looking to buy a similar property in the area? View other ten bedroom properties for sale in Spencer Park or see other recently sold properties in Spencer Park.
Nearby schools
Spencer Park overview
Are you interested in buying, renting or investing in Spencer Park? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Spencer Park offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Spencer Park quick stats
High end
$533k
Median
$475k
Low end
$415k
This listing
11.6 %
Annual growth
$475k
Annual median sales price
$415pw
Annual median rental price
