FOR SALE
$205,000

29/1 Cowra Drive
Newman WA 6753

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 409m2
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10.7% Return! Set and Forget Investment!

Investing doesn't get much easier than this terrific two bedroom one bathroom property situated in an excellent location only a short distance from all of Newman's essential services and a gross return of 10.7%!!
With a current lease in place at $425 p/w till 24 November 2025 and offering solid return of around 10.7%, the figures make as much sense as the location.
The property offers spacious living with a good size and practical kitchen, great size bedrooms with built in robes and a spacious bathroom. Outside includes a private alfresco area, single carport and extra parking space.
Further features include:
• Two bedroom one bathroom
• Very well maintained property
• Good size living areas
• Double built-in robes to each bedroom
• Quality carpet and tiling
• Split system air conditioning
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Property Details for 29/1 Cowra Dr, Newman

29/1 Cowra Dr, Newman is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 409m2. The place is currently for sale with Crawford Realty.

Building Type
Unit
Year Built
1997
Land Size
409m2

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About Newman 6753

The size of Newman is approximately 27,986.7 square kilometres. It has 13 parks. The population of Newman in 2011 was 9,086 people. By 2016 the population was 7,242 showing a population decline of 20.3% in the area during that time. The predominant age group in Newman is 30-39 years. Households in Newman are primarily couples with children and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Newman work in a machinery operators and drivers occupation. In 2011, 18.6% of the homes in Newman were owner-occupied compared with 8.6% in 2016.

Newman has 2,882 properties. Over the last 5 years, Houses in Newman have seen a 67.32% increase in median value, while Units have seen a 125.02% increase. As at 30 November 2024:

  • The median value for Houses in Newman is $307,144 while the median value for Units is $235,560.
  • Houses have a median rent of $650 while Units have a median rent of $450.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Newman on OnTheHouse. According to CoreLogic's data, 120 properties were sold in the past 12 months in Newman.

Suburb Insights for Newman 6753

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Casey Dwyer
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Crawford Realty
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.