10 Mantua WayCaversham WA 6055
Property Details for 10 Mantua Way, Caversham
10 Mantua Way, Caversham is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2020. The property has a land size of 310m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in April 2019.
Last Listing description (April 2019)
**One of only 3 Triple Occupancy Triple NRAS properties available in Australia today!**
$499,000 buys this single level to-be-constructed full turn-key house and land package. It's for property investors that significantly wish to reduce income tax using NRAS tax credits, NRAS cash and negative gearing tax benefits before the Gov't changes hands and introduces negative gearing changes from 1st Jan 2020.
The Lilac estate in Caversham is located within the City of Swan 20 kilometres north east of Perth City. It has a population of approximately 2,693+ with a median age of 34, all of whom reside in the picturesque Swan Valley region.
Layout is 1x1x1 + 1x1x1 + 1x1x1
Each tenant has their own bedroom, ensuite, kitchenette, loungeroom, entry and exit doors, partitioned garden area and 2 enjoy a garage space. Tenants share the main loungeroom, main dining room, large fully functional kitchen, laundry etc.
Property owner provides a house washing machine, a main microwave (optional), a basic microwave per dwelling, a benchtop oven with twin hotplate per dwelling and a bar fridge per dwelling. The owner also provides lounge furniture, dining furniture and outdoor furniture per dwelling. All items tax deductible and cheaply obtained from appliances online, A Mart etc. Estimated delivered cost $3,400
This triple occupancy property consists of 3 self-contained studio units within a large 4 bedroom home that includes a double garage and single carbay.
Full turnkey includes carpets, tiles, blinds, 4 x airconditioning units, individual fencing, sliding doors, landscaping, clotheslines and triple letterbox.
NRAS Property Managers maintain and manage the tenants during the term of the NRAS. After NRAS, the home reverts back to a large 4br home.
This property is opportunistically positioned on a corner block to accommodate 3 car tenant parking and offstreet parking.
Not suitable for single contract SMSF buyers as these are offered on 2 contracts.
Brand new activated NRAS incentives x 3 from Questus have up to 6 years remaining by the time the property is ready for tenanting. Expire 30/6/2026
Builder confirms current build times are up to 6-months from settlement of land.
Market rents (based on recent sworn rental valuations 4/2019)
1 bedroom studio fully self-contained (suits a single occupant) $220 pw
1 bedroom studio fully self-contained (suits a single occupant + garage) $225 pw
1 bedroom studio fully self-contained (suits a single occupant + garage) $225 pw
Discounted for NRAS rents (Questus 20%)
3 bedroom home $176 pw
3 bedroom home $181 pw (including half of garage)
3 bedroom home $181 pw (including half of garage)
NRAS value based on $11,248 pa (2019/2020)
1 bedroom home $216 pw
1 bedroom home $216 pw
1 bedroom home $216 pw
Total annual income from rents and incentives = $1,186 pw x 52 wks = $61,672
Gross annual returns 12.35%
Land price $245,000
Build price $254,000 includes 3 x NRAS incentives
Stamp duty on land $7,137
Council rates $1,800 annually
Water rates $962 annually
NRAS Questus fee $1,833 annually
Property management fee $73 weekly
Owner estimated cleaning and maintenance fee $25 weekly
Tenants pay water usage and power usage
Call Robert on 0403 577 353 to discuss this opportunity. Visit the website empowerhousing.com.au and click on Triples with NRAS.
Property History for 10 Mantua Way, Caversham, WA 6055
- 15 Apr 2019Listed for Sale $499,000
- 12 Apr 2019Sold for $227,000
- 02 Dec 2016Listed for Sale $429,990
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About Caversham 6055
The size of Caversham is approximately 11.6 square kilometres. It has 17 parks covering nearly 16.6% of total area. The population of Caversham in 2011 was 2,693 people. By 2016 the population was 5,279 showing a population growth of 96.0% in the area during that time. The predominant age group in Caversham is 30-39 years. Households in Caversham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Caversham work in a professional occupation. In 2011, 77.6% of the homes in Caversham were owner-occupied compared with 81% in 2016.
Caversham has 3,509 properties. Over the last 5 years, Houses in Caversham have seen a 95.23% increase in median value, while Units have seen a 84.32% increase. As at 31 October 2024:
- The median value for Houses in Caversham is $761,968 while the median value for Units is $486,027.
- Houses have a median rent of $750.
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