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Sold on 20 Nov 2023 for $318,000

223/2 Rutland Avenue
Lathlain WA 6100

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 223/2 Rutland Ave, Lathlain

223/2 Rutland Ave, Lathlain is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces and was built in 2016. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Apartment sold in Lathlain in the last 12 months.

Building Type
Apartment
Year Built
2016
Local Government
Victoria Park
Lot/Plan
28/S067272

Last Listing description (November 2023)

Welcome to the epitome of comfortable living in Lathlain's prestigious Red Castle Complex. This beautifully presented one-bedroom, one-bathroom apartment offers a perfect blend of modern design, ample space, and an abundance of natural light. Whether you're a first-time buyer or a savvy investor, this is an opportunity you won't want to miss!

This unrivaled location places you just moments away from Crown Perth, the majestic Swan River, and the magnificent Optus Stadium. Convenience is at your fingertips with easy access to the nearby Burswood train station, shopping havens, and a myriad of essential amenities. Here, you'll experience the best of contemporary living, mere steps away from the dazzling Perth City.

FEATURES INCLUDE:

- Open plan kitchen/dining/living area
- Central kitchen with stone bench tops and stainless steel appliances comprising of; induction cooktop, electric oven, rangehood & dishwasher plus double sinks & plenty of bench and pantry space
- Large master bedroom with floor to ceiling built in robes
- Light, bright & modern bathroom
- Split system reverse cycle air conditioning
- Built in European style laundry area
- High ceilings throughout
- Separate secure storeroom
- One secure parking bay
- Large Courtyard for entertaining
- Fully equipped gym
- Generous outdoor BBQ area on the top floor for entertaining
- Secure complex with CCTV surveillance
- Low maintenance and easy-care lifestyle living
- NRAS (National Rental Affordability Scheme) credit and great tenant in place
- Secure entry and intercom system for peace of mind
- Ample visitor parking for friends and family
- Spacious apartment with 102sqm of total space

THE COMPLEX:
- Gym with views
- Rooftop BBQ with panoramic views
- Remote-controlled security gates
- Secure lobby

Please note this apartment is currently leased at $340 per week in the NRAS scheme on a periodic lease with great long term tenants which has many benefits to provide a huge tax-free top-up for each financial year for investors.

For further information on this apartment, please contact Matt Brace on 0428 528 733.

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

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Property History for 223/2 Rutland Ave, Lathlain, WA 6100

A timeline of how this property has performed in the market
Last Sold
$318,000
20 Nov 2023
  • 07 Nov 2023
    Sold for $318,000
  • 08 Jun 2023
    Listed for Sale UNDER OFFER!!
  • 04 Feb 2020
    Sold for $294,000
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About Lathlain 6100

The size of Lathlain is approximately 1.6 square kilometres. It has 4 parks covering nearly 9.9% of total area. The population of Lathlain in 2011 was 3,037 people. By 2016 the population was 3,361 showing a population growth of 10.7% in the area during that time. The predominant age group in Lathlain is 30-39 years. Households in Lathlain are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lathlain work in a professional occupation. In 2011, 66.7% of the homes in Lathlain were owner-occupied compared with 67% in 2016.

Lathlain has 1,905 properties. Over the last 5 years, Houses in Lathlain have seen a 77.38% increase in median value, while Units have seen a 34.52% increase. As at 31 August 2024:

  • The median value for Houses in Lathlain is $1,145,181 while the median value for Units is $548,542.
  • Houses have a median rent of $733 while Units have a median rent of $550.
There are currently 8 properties listed for sale, and 5 properties listed for rent in Lathlain on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in Lathlain.

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Matt Brace
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The Agency Perth
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