FOR SALE
From $329,000

8/59 Victoria Street
Midland WA 6056

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 64m2
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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-$400 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!
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Property Details for 8/59 Victoria St, Midland

8/59 Victoria St, Midland is a 2 bedroom, 1 bathroom Unit with 2 parking spaces. The property has a floor size of 64m2. The place is currently for sale with Real Estate Plus.

Building Type
Unit
Floor Size
64m2

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About Midland 6056

The size of Midland is approximately 4.4 square kilometres. It has 8 parks covering nearly 6.8% of total area. The population of Midland in 2011 was 5,109 people. By 2016 the population was 5,974 showing a population growth of 16.9% in the area during that time. The predominant age group in Midland is 20-29 years. Households in Midland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Midland work in a trades occupation. In 2011, 39.8% of the homes in Midland were owner-occupied compared with 37.7% in 2016.

Midland has 4,702 properties. Over the last 5 years, Houses in Midland have seen a 81.84% increase in median value, while Units have seen a 109.17% increase. As at 31 October 2024:

  • The median value for Houses in Midland is $599,686 while the median value for Units is $450,157.
  • Houses have a median rent of $525 while Units have a median rent of $505.
There are currently 62 properties listed for sale, and 20 properties listed for rent in Midland on OnTheHouse. According to CoreLogic's data, 402 properties were sold in the past 12 months in Midland.

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Edward Harfouche
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