SOLD
Sold on 27 Dec 2023 for $650,000

5 Hyden Road
Banksia Grove WA 6031

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 182m2
Land area: 544m2
Sold By
Mike Gjestland
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Property Details for 5 Hyden Rd, Banksia Grove

5 Hyden Rd, Banksia Grove is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2013. The property has a land size of 544m2 and floor size of 182m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Banksia Grove in the last 12 months.

Building Type
House
Year Built
2013
Floor Size
182m2
Land Size
544m2
Local Government
Wanneroo
Lot/Plan
1820/P070117

Last Listing description (May 2024)

This unique property is designed with flexibility in mind. Boasting two fully independent homes under one roof, it offers the perfect solution for multi-generational families, savvy investors, or homeowners looking to generate rental income.

With the ability to rent out one unit while occupying the other, or renting both units separately, this property presents a fantastic income-generating opportunity. Take advantage of the growing demand for rental properties in the area and watch your investment flourish.

Bedrooms: The 4 well-appointed bedrooms ensure both comfort and privacy, making it an ideal residence for families or professionals seeking a cozy abode.

Separate Kitchens: Both units come equipped with their own modern kitchens, complete with stylish cabinetry and top-of-the-line appliances. Enjoy the convenience of two fully functional kitchens, allowing for independent meal preparation and culinary creativity.

Bathrooms: Each living space includes its own bathroom facilities, ensuring convenience and privacy for both residents.

Shared Laundry Facility: The two homes are connected by a shared laundry area, eliminating the need for duplicate appliances and saving on space. Efficient and convenient, this setup adds to the property's practical appeal.

Additional Features:
-Split system aircon units to both living areas
-Property one 'yellow-outlined on the floor plan' has a fully enclosed courtyard to the front
-Property two 'purple-outlined on the floor plan' has a massive backyard with plenty of space for a swimming pool, trampoline and also an alfresco!

Floor plan: the floor plan showing each independent property has been outlined on the floor plan with purple being for one property and yellow the second. The back yard

Contact Mike today for a private viewing!

RENT POTENTIAL: The two self contained properties would rent for $400-430 per week each and as a whole $800 per week.

Banksia Grove in a snap shot:
* Banksia Grove Shopping precinct featuring Coles, Woolworths & Aldi
* Skate Park
* Approximately 12 tranquil local parks to choose from
* Numerous Cafe's, local eateries and fast food options
* 3x Gyms: Snap fitness, Plus Fitness and Revo fitness

Transportation: (Approximate figures only)
* 9 Minutes drive to Currambine Train Station
* 10 Minutes to Mitchell Freeway
* Bus route throughout Banksia Grove to Joondalup train station
* 12 minutes drive to the Burns Beach foreshore

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

Property History for 5 Hyden Rd, Banksia Grove, WA 6031

A timeline of how this property has performed in the market
Last Sold
$650,000
27 Dec 2023
Listed for Rent
$198/w
21 Dec 2021
  • 27 Dec 2023
    Sold for $650,000
  • 07 Dec 2023
    Listed for Sale UNDER OFFER Mid $600ks
  • 19 Nov 2021
    Listed for Rent $198 / week
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About Banksia Grove 6031

The size of Banksia Grove is approximately 4.7 square kilometres. It has 11 parks covering nearly 4.8% of total area. The population of Banksia Grove in 2011 was 4,718 people. By 2016 the population was 9,373 showing a population growth of 98.7% in the area during that time. The predominant age group in Banksia Grove is 30-39 years. Households in Banksia Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banksia Grove work in a trades occupation. In 2011, 76.1% of the homes in Banksia Grove were owner-occupied compared with 75.1% in 2016.

Banksia Grove has 5,229 properties. Over the last 5 years, Houses in Banksia Grove have seen a 102.71% increase in median value, while Units have seen a 102.98% increase. As at 31 October 2024:

  • The median value for Houses in Banksia Grove is $719,282 while the median value for Units is $528,978.
  • Houses have a median rent of $650.
There are currently 33 properties listed for sale, and 6 properties listed for rent in Banksia grove on OnTheHouse. According to CoreLogic's data, 256 properties were sold in the past 12 months in Banksia grove.

Suburb Insights for Banksia Grove 6031

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Mike Gjestland
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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.