43/26 Stanley StreetMount Lawley WA 6050
Property Details for 43/26 Stanley St, Mount Lawley
43/26 Stanley St, Mount Lawley is a 1 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 45m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (August 2022)
Phone Enquiry Property ID: 1704 (Quote when calling or texting)
All Furniture and appliances included.
Photographs depict apartment with all included furniture and appliances prior to current tenancy.
At this price its likely to produce a rental yield grater than 7%. Great for investor interested in a positive cashflow.
Or comfortable for a owner occupier in a super-convenient location.
Positioned on the 4th floor, you will have a beautiful view Swan River from the living room and balcony.
This is the perfect place to be if you need to be situated close to St John of God Mount Lawley Hospital as its only a 7 min walk (550m) and so is Mount Lawley Train Station (550m).
This apartment complex is situated amongst Mount Lawley beautiful streets lined with heritage homes. Safe for taking morning or evening walks. 250m from the river
Investment Data:
Strata fees = $500 per quarter
Council rates = $1300 per year
Special Levys = $0 (there are NO special levy's associated with this unit)
Gross Yield (annual rental income/mortgage) = (280*52.17/190,000) = 7.68%
Net Yield (annual rental income - annual rental expenses/1900,000) = 2.6% - Positive Cash-flow (approx $95 income a week)
Major Renovations planned and already funded.
*The special levys associated with the works have already been paid for this unit by the current owner. Thus no special levys apply to this unit.
- New lift
- New roofing
- New balustrades
- New plumbing infrastructure
Total approx renovations = $2 million
Property History for 43/26 Stanley St, Mount Lawley, WA 6050
- 30 Jun 2022Sold for $180,000
- 19 Jun 2022Listed for Sale 190000 neg
- 23 Dec 2013Sold for $290,000
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0About Mount Lawley 6050
The size of Mount Lawley is approximately 4.3 square kilometres. It has 14 parks covering nearly 9.3% of total area. The population of Mount Lawley in 2011 was 10,702 people. By 2016 the population was 11,127 showing a population growth of 4.0% in the area during that time. The predominant age group in Mount Lawley is 20-29 years. Households in Mount Lawley are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Lawley work in a professional occupation. In 2011, 59.1% of the homes in Mount Lawley were owner-occupied compared with 61.1% in 2016.
Mount Lawley has 6,300 properties. Over the last 5 years, Houses in Mount Lawley have seen a 64.48% increase in median value, while Units have seen a 50.53% increase. As at 31 August 2024:
- The median value for Houses in Mount Lawley is $1,557,190 while the median value for Units is $512,662.
- Houses have a median rent of $800 while Units have a median rent of $550.
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