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 $550 per week, increasing to $580.00 per week on 6/2/28 until February 2028.
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 1,815 properties. Over the last 5 years, Houses in Somerville have seen a 40.90% increase in median value, while Units have seen a 69.57% increase. As at 30 November 2024:

  • The median value for Houses in Somerville is $564,941 while the median value for Units is $313,261.
  • Houses have a median rent of $830 while Units have a median rent of $600.
There are currently 26 properties listed for sale, and 2 properties listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Somerville.

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Carolyn Brown
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Elite Choice Real Estate
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