OFF MARKET

2/212 Albany Highway
Centennial Park WA 6330

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 122m2
Land area: 71m2
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Property Details for 2/212 Albany Hwy, Centennial Park

2/212 Albany Hwy, Centennial Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 71m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
1996
Floor Size
122m2
Land Size
71m2
Local Government
Albany
Lot/Plan
2/S033951

Last Listing description (August 2022)

This is an investment opportunity not to be missed. As a self-funded retiree or someone looking for a positive cash flow investment, you can know exactly how much money you will be taking home at the end of each month for the next few years to come.

Currently operating in the final term of a lease expiring in August 2028, the asset returned more than $14K to owners in the last financial year. Future management options include keeping the lease as it is, renegotiating the current lease or negotiating purchase with vacant possession.

Facing east and located high in the complex, this tastefully upgraded 2x1 unit in the well run and nicely maintained 'Banksia Gardens' serviced apartments complex catches the morning sun in droves.


Sliding door entry is into airconditioned, welcoming and fresh open plan living/dining, with kitchenette facilities at the far end. Opposite is an open doorway to the bedrooms and combined bathroom/laundry.

Bedrooms are well appointed with carpet, BIRs, desk top surface and windows dressed with drapes and blinds. The bathroom is spacious, with shower, WC and vanity with washing machine underneath. Everything is in great order and unlikely to require upgrade any time soon.

A veranda running along the front of the unit links dedicated carport parking to entry into the apartment.

Fully furnished and equipped by the Lessee, this asset will produce income from the outset. Established resort letting processes take care of the daily grind of managing the unit, yet still provide owners with opportunity to negotiate holiday stays in Albany.

An on-site restaurant provides easy dine-in options for guests. Local shops, boutique pubs and eateries in the CBD are a short 2km walk or drive away. All tourist attractions and activities are within easy reach of the resort.

Viewing is by appointment only, and I welcome hearing from you soon.

- Zoned R30/50 Tourist Residential
- City Rates $1211pa
- Water Rates $1325pa
- Strata Levy and Maintenance Contribution $1560pa

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Property History for 2/212 Albany Hwy, Centennial Park, WA 6330

A timeline of how this property has performed in the market
Last Sold
$185,000
24 Oct 2021
  • 24 Oct 2021
    Sold for $185,000
  • 21 Oct 2021
    Listed for Sale Not Disclosed
  • 18 Sep 2020
    Listed for Sale $159,000
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About Centennial Park 6330

The size of Centennial Park is approximately 2 square kilometres. It has 1 park covering nearly 28% of total area. The population of Centennial Park in 2011 was 568 people. By 2016 the population was 620 showing a population growth of 9.2% in the area during that time. The predominant age group in Centennial Park is 70-79 years. Households in Centennial Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Centennial Park work in a trades occupation. In 2011, 51% of the homes in Centennial Park were owner-occupied compared with 53.8% in 2016.

Centennial Park has 838 properties. Over the last 5 years, Houses in Centennial Park have seen a 62.59% increase in median value, while Units have seen a 22.27% increase. As at 31 October 2024:

  • The median value for Houses in Centennial Park is $527,031 while the median value for Units is $258,742.
  • Houses have a median rent of $380 while Units have a median rent of $450.
There are currently 12 properties listed for sale, and 4 properties listed for rent in Centennial park on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Centennial park.

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