SOLD
Sold on 21 Jan 2024 for $515,000

43 Spring Avenue
Midland WA 6056

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 111m2
Land area: 878m2
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Property Details for 43 Spring Ave, Midland

43 Spring Ave, Midland is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1972. The property has a land size of 878m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom House sold in Midland in the last 12 months.

Building Type
House
Year Built
1972
Floor Size
111m2
Land Size
878m2
Local Government
Swan
Lot/Plan
22/P009418

Last Listing description (May 2024)

Welcome to a brilliant opportunity to own a massive land parcel in the heart of Midland. Step on up and enjoy a well-designed home with an excellent combination of brand new touches and original elements - a modern kitchen, huge front living space, three large bedrooms, and a backyard ready for you to enjoy. Originally built in 1972, this block consists of 878 square metres, with a build size of around 111 square metres. Currently zoned R20/40, there may be future potential here for subdivision of the property.

Property Highlights:
- Three-bedroom, one-bathroom home in Midland

- 878 square metres land size
- 111 square metres built size
- Zoned R20/40
- Gated carport area
- 2x sheds to rear
- Large undercover patio
- Renovated modern kitchen area
- Stylish wooden finishes throughout
- Huge front living area
- Carpeted bedrooms
- Classic large windows throughout
- Please note, the air conditioner is not working and will be sold as-is.

Investor Summary:
- This property is currently vacant and ready for immediate leasing out or occupation
- Market rent for 43 Spring Avenue is approximately $450 per week
- Based on a purchase price of $480,000 and market rent, the estimated rental yield for this property is 4.89%
- HouseSmart Real Estate is highly active in Midland and the surrounding areas, and can provide high-quality property management services throughout the duration of the tenancy and beyond.

This home holds a prominent position on the street, set behind privacy bushes and with a secure fence creating privacy for the backyard. Opposite the home you have bushland, which provides a nice outlook for the front windows of the home. Drive up and park behind the secure gates, in the undercover carport area.

Coming in to the home, you are welcomed by the entry area, which has easy access to the living room, or through to the kitchen and bedrooms. These areas are all finished with a wooden flooring, and classical wooden touches to the doorframes and archway to the living area. The living area has a wide window looking out to the front yard, allowing a lot of light in, and the archway opens up to the dining area which creates a nice flow for moving about between the rooms.

The kitchen is set next to the dining area, for easy dishing of meals. There is plenty of bench space for cooking and working, as well as many cupboards for all your storage needs. Adding to this kitchen - which has been renovated since the property's build, to keep with current times - is the stainless steel sink, electric oven, rangehood, and large window providing a nice view to the backyard.

The bedrooms in this home are all quite a good size, and are carpeted to provide a nice comfortable feel. The main bedroom is the largest, but the other two are quite good size as well. This home is perfect for anyone who wants to settle in and enjoy all that it has to offer! Being currently vacant means that it is ready to occupy, or alternatively rent out, for a high estimated rental yield.

The bathroom is centrally located nearby the bedrooms, and has both a shower plus bath for added convenience. There is also a laundry room, from which you can access the rear yard. There is a clothesline for hanging out any wet clothes, and part of the yard is paved so you can easily walk around. The backyard is one of the best features of the home - spacious, yet well looked after, with a large maintained lawn area, garden area to the back, and two sheds for storage of all your goods.

Heading out of home, you have within walking distance St Brigid's Primary School and La Salle College (both approx. 15 min's walk), as well as North Metropolitan TAFE (approx. 11 min's walk). Just around the corner at Fawell Street is Koolbardie Park, which has a playground, grass area, basketball court and walking paths for your leisure. Within a short approx. 5 minute drive, you will be at Midland Gate Shopping Centre, which has all your essentials covered with department stores, grocery stores, cafe's, restaurants, and small good stores all at your convenience.

Situated in a prime location within Midland, you are within a short drive to everything you need as well as being walking distance to schools and parks. This property combines a central location, recent rejuvenation touches, beautiful classical elements and a fantastic land parcel with good zoning. Whether holding on to the property or renting it out, there is a lot to love about this home - so make sure not to miss out!

Property History for 43 Spring Ave, Midland, WA 6056

A timeline of how this property has performed in the market
Last Sold
$515,000
21 Jan 2024
Listed for Rent
12 Feb 2019
  • 21 Jan 2024
    Sold for $515,000
  • 16 Jan 2024
    Listed for Sale From $479,000
  • 16 Nov 2013
    Listed for Rent $300 / week
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About Midland 6056

The size of Midland is approximately 4.4 square kilometres. It has 8 parks covering nearly 6.8% of total area. The population of Midland in 2011 was 5,109 people. By 2016 the population was 5,974 showing a population growth of 16.9% in the area during that time. The predominant age group in Midland is 20-29 years. Households in Midland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Midland work in a trades occupation. In 2011, 39.8% of the homes in Midland were owner-occupied compared with 37.7% in 2016.

Midland has 4,702 properties. Over the last 5 years, Houses in Midland have seen a 81.84% increase in median value, while Units have seen a 109.17% increase. As at 31 October 2024:

  • The median value for Houses in Midland is $599,686 while the median value for Units is $450,157.
  • Houses have a median rent of $525 while Units have a median rent of $505.
There are currently 61 properties listed for sale, and 22 properties listed for rent in Midland on OnTheHouse. According to CoreLogic's data, 402 properties were sold in the past 12 months in Midland.

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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.