OFF MARKET

65A Alness Street
Applecross WA 6153

Bedrooms: 3
Bathrooms: 7
Car spaces: 14
Land area: 2176m2
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Property Details for 65a Alness St, Applecross

Building Type
Commercial
Land Size
2176m2
Local Government
Melville
Lot/Plan
178/P421575

Last Listing description (January 2024)

Knight Frank and Mack Hall Real Estate are proud to present 65 Alness Street Applecross, as a secure residential investment complex.

- Fully leased 7 villa complex.
- Desired Applecross/Ardross location.

- Potential to strata title the complex.

Investment Highlights:

- Fully leased 7 villa complex on a large 2,176 sqm land holding.
- All villas are 3 BRM x 1 Bath with 107 sqm of living area , carport, storeroom and a private courtyard, and present in good condition.
- Fantastic location within prestigious Applecross/Ardross precinct only 10 km from the Perth CBD.
- Buyers can capitalise on the almost zero vacancy within the Perth rental market.
- Strong surrounding amenities including schools, cafs, restaurants and nearby Garden City Booragoon and Riseley Street precinct.
- Villas are currently leased below market rates.
- Strong WA Economy with budget surplus.
- Convenient transport links via bus, trains at Canning Bridge, freeway network and easy access to Fremantle via Canning Highway.
- Potential to strata title the complex.
- Ideal superfund investment.

Method of sale:

This property is offered for Sale by Offers To Purchase closing 3:00pm (WST) Wednesday, 28 June 2023 (unless sold prior).

For further information please contact the agents.

Knight Frank - Perth
Tony Delich - 0418 926 410
or
Mack Hall Applecross
Alastair Baird-Murray 0417 789 351.

Tony.Delich@au.knightfrank.com - Alastair.Baird-Murray@au.knightfrank.com

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Property History for 65a Alness St, Applecross, WA 6153

A timeline of how this property has performed in the market
Last Sold
$3,805,000
02 Aug 2023
Listed for Rent
$500/w
12 Sep 2023
  • 02 Aug 2023
    Sold for $3,805,000
  • 29 May 2023
    Listed for Sale Contact Agents
  • 05 Dec 2022
    Listed for Rent $500 / week

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About Applecross 6153

The size of Applecross is approximately 3.3 square kilometres. It has 12 parks covering nearly 12.8% of total area. The population of Applecross in 2011 was 6,579 people. By 2016 the population was 6,886 showing a population growth of 4.7% in the area during that time. The predominant age group in Applecross is 50-59 years. Households in Applecross are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Applecross work in a professional occupation. In 2011, 67.9% of the homes in Applecross were owner-occupied compared with 68.9% in 2016.

Applecross has 4,409 properties. Over the last 5 years, Houses in Applecross have seen a 63.00% increase in median value, while Units have seen a 22.01% increase. As at 31 July 2024:

  • The median value for Houses in Applecross is $2,167,216 while the median value for Units is $828,871.
  • Houses have a median rent of $1,048 while Units have a median rent of $700.
There are currently 55 properties listed for sale, and 9 properties listed for rent in Applecross on OnTheHouse. According to CoreLogic's data, 273 properties were sold in the past 12 months in Applecross.

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