5/27 Old Great Northern HighwayMidland WA 6056
Property Details for 5/27 Old Great Northern Hwy, Midland
Last Listing description (October 2023)
Don't miss out on this fantastic opportunity with a 7.1% ROI- $365,000.00 No GST, Outgoings approx $10,750 per annum. - Thriving business leased until 31/01/2026 plus a 5 year Option- Located in a busy shopping centre - Ample parking for customers - Strata titled property For more information or to arrange a viewing contact Mike Palmer on 0403 621 899 or 08 6146 3333
Property History for 5/27 Old Great Northern Hwy, Midland, WA 6056
- 20 Sep 2023Sold for $355,000
- 20 Jun 2023Listed for Sale $365,000 No GST - Price reduced
- 27 Jun 1989Sold for $128,000
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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 4,706 properties. Over the last 5 years, Houses in Midland have seen a 81.55% increase in median value, while Units have seen a 107.41% increase. As at 30 September 2024:
- The median value for Houses in Midland is $591,012 while the median value for Units is $446,281.
- Houses have a median rent of $523 while Units have a median rent of $500.
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