FOR SALE
$350,000

46/406 Hay Street
Somerville WA 6430

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 189m2
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Investment Opportunity with Great Return

Discover a solid investment in this contemporary 2-bedroom, 2-bathroom unit, situated within a secure, gated complex. Perfect for investors seeking a low-maintenance property with stable returns, this unit comes with the added advantage of a long-term Government Regional Officers' Housing (GROH) lease, guaranteeing rental income of $560 per week until November 2025.
Conveniently located near public transport and boasting an array of modern features, this property is a must-see for any savvy investor.
Property Features:
• 2 Spacious Bedrooms with built-in robes, providing ample storage space
• 2 Modern Bathrooms designed for comfort and convenience
• Open-Plan Kitchen and Living Area that perfectly suits a relaxed, modern lifestyle
• Natural Gas Supply, offering efficient and cost-effective utility options
• Gas Cooking & Gas Hot Water System for reliable, budget-friendly living
• Evaporative Air Conditioning to keep the unit cool during the warmer months
• Undercover Carpark, providing secure, protected parking
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Property Details for 46/406 Hay St, Somerville

46/406 Hay St, Somerville is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 189m2. The place is currently for sale with Elite Choice Real Estate.

Building Type
House
Land Size
189m2

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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 38.67% increase in median value, while Units have seen a 62.64% increase. As at 30 September 2024:

  • The median value for Houses in Somerville is $540,116 while the median value for Units is $305,955.
  • Houses have a median rent of $820 while Units have a median rent of $600.
There are currently 26 properties listed for sale, and 4 properties listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Somerville.

Suburb Insights for Somerville 6430

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Carolyn Brown
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Elite Choice Real Estate
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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.