50A Postling StreetKenwick WA 6107
Property Details for 50a Postling St, Kenwick
50a Postling St, Kenwick is a 4 bedroom, 2 bathroom DuplexSemi-detached with 5 parking spaces. The property has a land size of 513m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom DuplexSemi-detached sold in Kenwick in the last 12 months.
Last Listing description (May 2024)
This is by far the best setup cashflow machine that I have ever seen in 16 years of selling properties and if rented at its current market rate you would be looking at a massive 8.5% gross rental yield based on the asking price!
Let me take you through the setup and this incredible opportunity for the savvy investor.
Here we have a front 2x1 duplex half which is renovated and well presented with all the modern features you would want. It is currently rented at $275pw on periodic lease, with an expected market rent of $440pw and the tenant wanting to stay on.
Then at the rear you have a 2x1 granny flat built in 2016, with its own separate parking, sub metered electricity and also teeming with modern finishes. Its currently rented for $440pw until 16/3/25 with an expected market rent of now of $480pw and the tenant wanting to stay on.
So that is 2 separate rentable dwellings on the one duplex survey strata title comprising 513sqm of land.
Finally to make this opportunity even more exciting, we also have the other duplex next door (50B Postling St) for sale at the same price of From $560,000 with a very similar cashflow machine setup. So you have the option of buying 1 or both!
Both located in a nice area of Kenwick with fabulous Postling park just up the road and short drive to train station, shopping centre and schools.
Top features for each include...
Front duplex half (50A):
-2 parking spots in tandem.
-Good size living area.
-Renovated kitchen with overhead cupboards, range hood and dishwasher recess.
-Separate laundry and toilet.
-Renovated bathroom.
-2 good size bedrooms with robes.
-Split system to master and living area.
-Well presented, easy care gardens
-Roller shutter and security screen.
-Rear courtyard and wash line.
-84sqm of living area built in 1972.
Rear granny flat (50C):
-3 parking spots
-Good size living area.
-Split system air conditioner to living.
-Modern kitchen with dishwasher and rangehood.
-2 good size bedrooms with robes
-Spacious bathroom with glass screen, laundry trough and washing machine included.
-Security screens on windows and door.
-Spacious back courtyard with washing line.
-69sqm of living area, built in 2016.
-Low energy use specification: Framed construction with highly insulated roof and SIP panel walls (structural Insulated Panels), heat pump HWS, induction cooktop, low-e glass.
Other Details:
-No common area or shared strata fees.
-Council rates of $2004pa, water rates of $1092pa.
-Enquire for walkthrough video.
This cash flow machine is sure to sell fast so come to the first home open or get in touch for a walkthrough video now.
Property History for 50a Postling St, Kenwick, WA 6107
- 22 Apr 2024Sold for $610,000
- 18 Apr 2024Listed for Sale From $560,000
- 03 Dec 2008Sold for $220,000
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About Kenwick 6107
The size of Kenwick is approximately 9.8 square kilometres. It has 14 parks covering nearly 7.9% of total area. The population of Kenwick in 2011 was 5,461 people. By 2016 the population was 5,686 showing a population growth of 4.1% in the area during that time. The predominant age group in Kenwick is 20-29 years. Households in Kenwick are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kenwick work in a trades occupation. In 2011, 69.5% of the homes in Kenwick were owner-occupied compared with 70.6% in 2016.
Kenwick has 2,711 properties. Over the last 5 years, Houses in Kenwick have seen a 123.08% increase in median value, while Units have seen a 113.93% increase. As at 30 September 2024:
- The median value for Houses in Kenwick is $672,618 while the median value for Units is $517,253.
- Houses have a median rent of $600 while Units have a median rent of $590.
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