FOR SALE
$185,000

12/67 Newcastle Road
Northam WA 6401

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 70m2
Land area: 58m2
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Investors Only - Long-term tenants

A fantastic investment opportunity currently with long term tenants lease expiring May 2025, occupied since 2013! Situated furthest from the busy road the unit features 2 bedrooms and 1 bathroom. Being located on ground level of the 12-unit complex the unit is homely with a fully fenced small patio with paved sitting area to the front and another patio at the rear with a modest private yard.
Current tenancy is achieving $300 per week with lease expiry 31st-May-2025, relevant notice is required for viewings. 8.4% Gross Return
Built in the 1980’s the characteristic brick walls of this time extend through the unit. The open plan living features led lighting and a reverse split system reverse cycle air conditioner and carpet in the lounge with a wall unit aircon and gas cooking in the kitchen as well as a ducted evaporative air conditioner throughout.
Both bedrooms are carpeted with ceiling fans. All wet areas are tiled, with the bathroom consisting of a shower, toilet and vanity. The electric hot water system is housed under the rear patio.
The complex houses 12 units with this unit being approx. 70m² with the yard being approx. 58m² for a total approximate area if 128m².
Shire Rates: $1,458 approx. per annum Water Rates: $1,564 approx. per annum, water consumption is paid through Strata. With sewerage available and connected.
Strata Levies: Currently: Owner pays $1,200 per quarter – Only administration fund
Estimate beginning July 2024: Administration Fund $3,419 per year Reserve $1,170 per year for an estimated total of $4,589 per year ($1,147.25 pq or $382.42pcm).
Disclaimer - Whilst every care has been taken in the preparation of this document, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters.
Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.
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Property Details for 12/67 Newcastle Rd, Northam

12/67 Newcastle Rd, Northam is a 2 bedroom, 1 bathroom Unit. The property has a land size of 58m2 and floor size of 70m2. The place is currently for sale with Bob Davey Real Estate - Northam.

Building Type
Unit
Floor Size
70m2
Land Size
58m2

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About Northam 6401

The size of Northam is approximately 26.8 square kilometres. It has 24 parks covering nearly 6.8% of total area. The population of Northam in 2011 was 6,580 people. By 2016 the population was 6,572 showing a population decline of 0.1% in the area during that time. The predominant age group in Northam is 50-59 years. Households in Northam are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Northam work in a trades occupation. In 2011, 66.5% of the homes in Northam were owner-occupied compared with 64.2% in 2016.

Northam has 4,251 properties. Over the last 5 years, Houses in Northam have seen a 144.37% increase in median value, while Units have seen a 47.85% increase. As at 30 November 2024:

  • The median value for Houses in Northam is $390,613 while the median value for Units is $241,822.
  • Houses have a median rent of $470 while Units have a median rent of $325.
There are currently 40 properties listed for sale, and no properties listed for rent in Northam on OnTheHouse. According to CoreLogic's data, 267 properties were sold in the past 12 months in Northam.

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Chloe Lloyd-Abrahams
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Bob Davey
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Bob Davey Real Estate - Northam
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