304/93 Old Perth Road

Bassendean WA 6054

Investor Summary:
- Currently rented at $420 per week until 20/01/2025 with a rental review every 6 months.
- Given a purchase price of $415,000 and the above rent, this property results in a 5.3% gross annual rental yield; further increasing to 5.8% after the next review.
- HouseSmart is highly active in Bassendean and the surrounding areas, and can provide Property Management Services throughout the course of the sale and beyond.

There are two bedrooms to this unit so if you have a flatmate, family or simply need an extra study space then this is for you! Both bedrooms have mirrored built in robes, with plenty of storage space. There are ceiling fans with in-built lights to both bedrooms, whilst the living area features a split-system air conditioner to keep the place cool.

The kitchen area is open-plan to the living/dining area creating a large open space and more connected living space. The kitchen features gas hotplates, one-and-a-half sink, dishwasher and microwave space, and modern cupboard design with plenty of storage space. This whole space has neutral tones throughout and is warmly finished with a grey wrap-around to the ceiling, and not to mention the wooden flooring throughout this area which add that touch of comfort and homely feel. Sliding doors open up to the large balcony, and there are grey pull-across curtains when you want a bit more privacy.

The unit faces north on a slight angle, and the balcony provides a good view over the neighboring area and to the trees in the distance. Just imagine sitting back here on the balcony with a cup of tea and watch the clouds roll calmly by with the afternoon sun on your face. This area would be perfect for pot plants or a potted garden, as the current tenant has!

This unit is currently tenanted until 20/01/2025 and you can see from the photos how well the property is looked after and decorated - this presents a great investment opportunity until the place is ready to move in to; or simply keep the tenant on, at a current rate of $385 per week (with three rent reviews in place during the lease as well - first scheduled for August).

Two bathrooms also means that you don't need to share - there is an ensuite, plus main bathroom with oversize shower recess; and not to mention the separate laundry area as well with room for a washing machine and dryer, as well as a wall towel rack. No more common area laundry to share with the whole complex!

This property is in the perfect location for a stroll down to the Swan River; only 800m approx. to the banks; as well as being walking distance to several other ovals', parks', Bassendean Recreation Centre, and Bassendean Memorial Library. For transport, there is both a bus station as well as the train station within a kilometre. Excellently located within walking distance to public transport (Bassendean Train and Bus Station). And for shopping, the Bassendean Shopping Precinct is just across the road from this secure complex; with access to cafe's and restaurants nearby as well!

For an investment property or to retain and move in at a later date, whatever you choose, this modern property really does meet all of your needs with its prominent location. Are you ready to take the opportunity?