42 Coolham WayBalga WA 6061
Property Details for 42 Coolham Way, Balga
42 Coolham Way, Balga is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1964. The property has a land size of 728m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in December 2002.
Last Listing description (September 2018)
When you look at the photo of this home, it doesn t look all that fantastic. However, the thing to remember is that the bricks and mortar of a house actually depreciate in value, whereas the land is the thing that appreciates.
There is a tenant who has been in the home for many years, who at the moment, is happy to stay on if the home is sold as a periodic tenant on a month to month basis. I imagine this would be very beneficial to an astute developer when organising to get development plans through the WAPC and the City of Stirling.
There is an old saying that says, you are better to have the worst house in the best street, rather than the best house in the worst street .
With the real estate market appearing to have turned for the better, astute people have worked out that if they buy now, that by the time a development is completed, they should be making a sizeable profit when selling and helping to tick their business over. They can then, during the process, probably look for another site to do the same again.
The lower end of the market is always the first to start going up in value, triggering a domino effect for the rest of the market. So consider jumping on the band wagon while prices are still affordable.
Call Terry Hardie for a private inspection.
Property History for 42 Coolham Way, Balga, WA 6061
- 20 Jul 2018Listed for Sale In the $300Ks
- 14 Nov 2010Listed for Sale FROM $390,000
- 02 Dec 2002Sold for $142,500
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About Balga 6061
The size of Balga is approximately 5.2 square kilometres. It has 38 parks covering nearly 14.5% of total area. The population of Balga in 2011 was 10,701 people. By 2016 the population was 12,698 showing a population growth of 18.7% in the area during that time. The predominant age group in Balga is 20-29 years. Households in Balga are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balga work in a trades occupation. In 2011, 49.5% of the homes in Balga were owner-occupied compared with 50.6% in 2016.
Balga has 7,635 properties. Over the last 5 years, Houses in Balga have seen a 107.28% increase in median value, while Units have seen a 162.06% increase. As at 31 October 2024:
- The median value for Houses in Balga is $599,121 while the median value for Units is $578,090.
- Houses have a median rent of $580 while Units have a median rent of $595.
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