OFF MARKET

38/212 Albany Highway
Centennial Park WA 6330

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 53m2
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Property Details for 38/212 Albany Hwy, Centennial Park

38/212 Albany Hwy, Centennial Park is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 53m2. While the property is not currently for sale or for rent, it was last sold in June 2016.

Building Type
Unit
Year Built
1996
Land Size
53m2
Local Government
Albany
Lot/Plan
42/S033951

Last Listing description (May 2024)

Here is an opportunity to see good return on investment. To become a care-free investor who automatically receives a monthly income without having to do the hard work of managing an asset.On offer is a strata title, single bedroom studio apartment in the super neat and well run 'Banksia Gardens' short stay accommodation facility in Albany which is secured by a fixed 7+5+5yr term lease to resort managers.Gross return is fixed at $14.5Kpa for the next five and a half years, and costs are virtually fixed. As a self-funded retiree or someone looking for a positive cash flow investment, you will know exactly how much money you will be taking home at the end of each month for the next 5-15 years. Air-conditioned, open plan living is complemented with microwave, fridge-freezer and benchtop kitchenette facilities at one end. The well-appointed king size bedroom has a BIR and adjoining ensuite spa bathroom. Everything is in great order, with the need ongoing modernisation and maintenance of the four star standard facility built into the lease agreement.Fully furnished and equipped, this asset will produce income from the outset. Being an end unit without common walls, privacy for guests can be assured and with dedicated carport parking, there is space always for guest's own vehicles.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.Established resort letting processes will take care of the daily grind of managing and maintaining your investment property. Your commitment will be to covering rates, taxes and levy's totaling in order of $5Kpa and ongoing commitment to maintaining four start property standards for guests.Interest in these units has been keen, so please do call me soon if this investment opportunity sounds like it could suit you.- Zoned R30/50 Tourist Residential- City Rates $1200pa- Water Rates $1325pa- Strata Levy and Maintenance Contribution $2050pa

Property History for 38/212 Albany Hwy, Centennial Park, WA 6330

A timeline of how this property has performed in the market
Last Sold
$136,000
26 Jun 2016
  • 30 Jun 2021
    Listed for Sale Offers from $175,000
  • 26 Jun 2016
    Sold for $136,000
  • 26 Apr 2014
    Listed for Sale $190,500
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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 14 properties listed for sale, and 4 properties listed for rent in Centennial park on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Centennial park.

Suburb Insights for Centennial Park 6330

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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.