FOR SALE
MID $500,000s

4/38 Grand Boulevard
Joondalup WA 6027

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 102m2
Land area: 156m2
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3 X 2 CLASSY GROUND FLOOR APARTMENT

This beautifully presented ground-floor apartment, featuring 3 bedrooms, 2 bathrooms, and a spacious courtyard, is now for sale. It offers an excellent opportunity for both astute investors and owner-occupiers looking to enjoy the convenience of city living, with easy access to all of Joondalup's many amenities.
Currently tenanted until 16th March 2025 and returning $540.00 per week. For the investor, estimated rental return at end-of-lease would be in the vicinity of $580.00 per week - (5.5% yield).
Current tenants are keen to renew lease for a further 12 months.
Features include: -
* 3 good size bedrooms all with wardrobes
* 2 bathrooms
* Well-appointed kitchen with stainless steel appliances.
* Light, bright meals and family living area
* Quality fixtures and fittings throughout
* 3 split-system air-conditioners.
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Property Details for 4/38 Grand Bvd, Joondalup

4/38 Grand Bvd, Joondalup is a 3 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a land size of 156m2 and floor size of 102m2. The place is currently for sale with PROPERTY WEST REAL ESTATE.

Building Type
Apartment
Floor Size
102m2
Land Size
156m2

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About Joondalup 6027

The size of Joondalup is approximately 10.6 square kilometres. It has 29 parks covering nearly 24.8% of total area. The population of Joondalup in 2011 was 9,197 people. By 2016 the population was 9,098 showing a population decline of 1.1% in the area during that time. The predominant age group in Joondalup is 20-29 years. Households in Joondalup are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Joondalup work in a professional occupation. In 2011, 54.4% of the homes in Joondalup were owner-occupied compared with 56% in 2016.

Joondalup has 5,219 properties. Over the last 5 years, Houses in Joondalup have seen a 76.98% increase in median value, while Units have seen a 91.27% increase. As at 31 October 2024:

  • The median value for Houses in Joondalup is $831,243 while the median value for Units is $554,295.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 51 properties listed for sale, and 25 properties listed for rent in Joondalup on OnTheHouse. According to CoreLogic's data, 332 properties were sold in the past 12 months in Joondalup.

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