SOLD
Sold on 21 Mar 2024 for $552,500

705/2 Rutland Avenue
Lathlain WA 6100

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 67m2
Land area: 113m2
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Property Details for 705/2 Rutland Ave, Lathlain

705/2 Rutland Ave, Lathlain is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 2016. The property has a land size of 113m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in Lathlain in the last 12 months.

Building Type
House
Year Built
2016
Floor Size
67m2
Land Size
113m2
Local Government
Victoria Park
Lot/Plan
135/S067272

Last Listing description (April 2024)

This near city, lovely 2 x 2 x 2 apartment was one of the two most expensive apartments in the complex when it was completed in 2017.
New 12 month lease just signed at $750.00 per week with great tenants, who are interested in a longer lease.
Main bedroom with ensuite, walk in robe and it's own private balcony, Bed 2 has city views and Built in Robe.

Constant city views from the huge glass sliding door window in the main living area, going out onto the main balcony.
Kitchen has European appliances and ample bench space and cupboards, and there is a small but functional laundry enclosure with front load washer and dryer.
Plush carpets to bedrooms, with timber flooring in living area.

The apartment has it's own dedicated two car spaces in the secure carpark with electronic security entry, its own dedicated lock up store room in the secure car park, security intercom to building main entrance.
This apartment is ready to move into as it is fully furnished ready to go, making it ideal ideal for the investor or owner occupier, nothing to do or buy just move in!
The apartment has a current rental value of $650 to $700 per week, has been leased for the last 12 months at $595 per week and in that time Perth rentals have increased substantially.

The Building Managers and Strata Managers are doing a great job of managing and maintaining the building.

The building offers a well equipped communal gym, two meeting areas, furnished roof top terrace/entertaining area with BBQ, with views from the roof top to city River and Hills, the building has two lifts.
There is visitor parking at the rear of the building.
The building has a network of security cameras in common areas and carparks with plans to continually expand and upgrade the system as required.

Location is awesome, only 8 minutes drive into the Perth CBD, 3 minutes walk from the front of the building to the Burswood train station, 5 minute walk to Burswood Crown Casino Complex, 15 minute walk to the Optus Stadium and Swan River walks and within 10 minute drive are Perth Airport, Victoria Park Cafe Strip, and several pubs, cafe's and restaurants.
There is also a bus stop out front to catch a bus into the city.
Within 1/2 hour drive you can visit the Swan Valley wine region, and Perth beaches.

Property History for 705/2 Rutland Ave, Lathlain, WA 6100

A timeline of how this property has performed in the market
Last Sold
$552,500
21 Mar 2024
Listed for Rent
$495/w
28 Sep 2020
  • 21 Mar 2024
    Sold for $552,500
  • 26 Nov 2023
    Listed for Rent $700 / week
  • 16 Nov 2023
    Listed for Sale $569,000
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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 1,903 properties. Over the last 5 years, Houses in Lathlain have seen a 74.85% increase in median value, while Units have seen a 48.45% increase. As at 31 October 2024:

  • The median value for Houses in Lathlain is $1,145,305 while the median value for Units is $567,969.
  • Houses have a median rent of $748 while Units have a median rent of $550.
There are currently 7 properties listed for sale, and 5 properties listed for rent in Lathlain on OnTheHouse. According to CoreLogic's data, 77 properties were sold in the past 12 months in Lathlain.

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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.