5 Parris WayBilingurr WA 6725
Property Details for 5 Parris Way, Bilingurr
5 Parris Way, Bilingurr is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2016. The property has a land size of 720m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
Last Listing description (October 2024)
Step into the allure of 5 Parris Way, an exceptional 4-bedroom, 2-bathroom residence occupying a spacious 720 sqm lot in Bilingurr. Crafted in 2016 with meticulous attention to detail, this home epitomizes modern comfort and functionality. Its expansive floor plan features generously sized living areas, a contemporary kitchen equipped with quality appliances, and ample storage solutions throughout.
Currently under lease to GROH until 30.10.2025 at $1,200 per week and with a strong chance to substantially increase the rent at the next rent review, 5 Parris Way offers a robust rental income, making it an attractive proposition for savvy investors. The property also boasts a huge back yard plus side access to a sizeable powered shed, perfect for additional storage or workspace, adding practical value and enhancing its appeal.
Located in a highly desirable pocket of the ever popular Broome North Estate, residents benefit from close proximity to schools, several parks, and shopping hubs, ensuring convenience and lifestyle amenities at their doorstep. Bilingurr's strong rental market and steady population growth further bolster the investment potential of this property.
Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income stream, 5 Parris Way presents a compelling opportunity. Embrace the advantages of a secure lease and potential capital appreciation in this thriving real estate market.
Don't miss out on securing your stake in Bilingurr's promising future. Contact us today to arrange a private inspection and explore the possibilities offered by 5 Parris Way.
ESSENTIAL DETAILS:
-Council Rates: $4,100 approximately per annum
-Water Rates: $1,564 approximately per annum
-Land Area: 720 sqm
-Year Built: 2016
-Leased to GROH until 30.10.2025 at $1,200 per week
For further property details or to arrange a private inspection please contact Giles Tipping and Monica Cowen on 0499 322 120 or email monica.cowen@raywhite.com.
*The above information is provided for general information purposes only and may be subject to change. No warranty or representation is made as to the accuracy of the information and all interested parties should make their own independent enquiries relating to the information provided and place no reliance on it. Any chattels depicted or described in the information are not included in the sale unless specified in the Offer and Acceptance.
Property History for 5 Parris Way, Bilingurr, WA 6725
- 25 Jul 2024Listed for Sale Offers Above $799,000
- 28 Jan 2016Listed for Sale $230,000
- 24 Dec 2015Sold for $202,000
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About Bilingurr 6725
The size of Bilingurr is approximately 12.7 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of Bilingurr in 2011 was 5,156 people. By 2016 the population was 1,343 showing a population decline of 74.0% in the area during that time. The predominant age group in Bilingurr is 30-39 years. Households in Bilingurr are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Bilingurr work in a professional occupation. In 2011, 41.4% of the homes in Bilingurr were owner-occupied compared with 42% in 2016.
Bilingurr has 800 properties. Over the last 5 years, Houses in Bilingurr have seen a 47.00% increase in median value, while Units have seen a 72.68% increase. As at 31 October 2024:
- The median value for Houses in Bilingurr is $768,252 while the median value for Units is $462,729.
- Houses have a median rent of $1,075 while Units have a median rent of $607.
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