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Sold on 01 May 2024 for $610,000

50B Postling Street
Kenwick WA 6107

Bedrooms: 4
Bathrooms: 2
Car spaces: 6
Land area: 507m2
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Property Details for 50b Postling St, Kenwick

50b Postling St, Kenwick is a 4 bedroom, 2 bathroom DuplexSemi-detached with 6 parking spaces. The property has a land size of 507m2. 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.

Building Type
DuplexSemi-detached
Land Size
507m2
Local Government
Gosnells
Lot/Plan
2/S002366

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 $280pw on periodic lease, with an expected market rent of $420pw 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 $400pw on periodic tenancy with an expected market rent of $480pw and the tenant wanting to stay on.

So that is 2 separate rentable dwellings on the one duplex survey strata title comprising 507sqm of land.

Finally to make this opportunity even more exciting, we also have the other duplex next door (50A 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 (50B):
-Driveway with room for 4 parking spots.
-Good size living area.
-Renovated kitchen with overhead cupboards, range hood.
-Separate laundry and toilet.
-Renovated bathroom.
-2 good size bedrooms, robe to master.
-Split system to 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 (50D):
-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.

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Property History for 50b Postling St, Kenwick, WA 6107

A timeline of how this property has performed in the market
Last Sold
$610,000
01 May 2024
Listed for Rent
$250/w
12 Oct 2018
  • 22 Apr 2024
    Sold for $610,000
  • 18 Apr 2024
    Listed for Sale From $560,000
  • 23 Jan 2017
    Listed for Rent - Price not available
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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 2,709 properties. Over the last 5 years, Houses in Kenwick have seen a 126.36% increase in median value, while Units have seen a 102.55% increase. As at 31 October 2024:

  • The median value for Houses in Kenwick is $679,901 while the median value for Units is $466,639.
  • Houses have a median rent of $600 while Units have a median rent of $580.
There are currently 22 properties listed for sale, and 2 properties listed for rent in Kenwick on OnTheHouse. According to CoreLogic's data, 129 properties were sold in the past 12 months in Kenwick.

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