FOR SALE
$350,000

13/406 Hay Street
Somerville WA 6430

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 185m2
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Investment Opportunity: Modern 2-Bedroom Unit with Secure Lease

Take advantage of this prime investment opportunity with a contemporary 2-bedroom unit, currently leased at $580 per week until October 2025. Perfect for investors looking to expand their portfolio, this property offers both comfort and convenience.
Spacious and modern open plan living area, perfect for relaxing or entertaining.
Two bedrooms with their own private ensuite, offering privacy and comfort.
Ample storage space throughout the unit to keep everything organized with built in robes in both bedrooms.
Enjoy outdoor living with a private courtyard or patio area.
Natural Gas Heating, Hot Water System & Cooking: Efficient and cost-effective utilities make living here comfortable and economical.
This unit is in a sought after secure complex.
Strata Fees are reasonable at approx. $1800.00 per year
Council Rates approx. $2300.00 per year
This property is a solid investment with an existing tenant and a competitive rental yield. Don't miss the chance to view this property and add it to your portfolio.
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Property Details for 13/406 Hay St, Somerville

13/406 Hay St, Somerville is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 185m2. The place is currently for sale with Elite Choice Real Estate.

Building Type
House
Land Size
185m2

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About Somerville 6430

The size of Somerville is approximately 4.7 square kilometres. It has 10 parks covering nearly 15% of total area. The population of Somerville in 2011 was 3,811 people. By 2016 the population was 4,134 showing a population growth of 8.5% in the area during that time. The predominant age group in Somerville is 40-49 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation. In 2011, 58.6% of the homes in Somerville were owner-occupied compared with 59% in 2016.

Somerville has 1,804 properties. Over the last 5 years, Houses in Somerville have seen a 34.68% increase in median value, while Units have seen a 55.83% increase. As at 31 August 2024:

  • The median value for Houses in Somerville is $542,136 while the median value for Units is $307,028.
  • Houses have a median rent of $820 while Units have a median rent of $600.
There are currently 20 properties listed for sale, and 4 properties listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Somerville.

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Suburb Insights for Somerville 6430

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Carolyn Brown
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Elite Choice Real Estate
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