66 Watson StreetMount Magnet WA 6638
Property Details for 66 Watson St, Mount Magnet
66 Watson St, Mount Magnet is a 4 bedroom, 1 bathroom House with 5 parking spaces and was built in 1986. The property has a land size of 1720m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in December 2014.
Last Listing description (December 2014)
AMAZING 10% RETURN - FULLY RENOVATED 4 BED HOUSE!
LOCATED ON THE PRIME SIDE OF TOWN, ON A MASSIVE HALF ACRE, THIS EASILY RENT-ABLE 4 BEDROOM ALUMINIUM CLAD HOUSE IS A BARGAIN! CURRENTLY OWNER OCCUPIED, THIS WELL CARED FOR PROPERTY HAS NEW FLOATING BOARDS AND AN UPDATED KITCHEN AND BATHROOM. OWNER IS KEEN TO RENT BACK FOR A YEAR AT $160PW, GIVING YOU A TENANT IN PLACE AT SETTLEMENT AND ALSO A 10% RETURN ON YOUR MONEY. HOUSES OF THIS QUALITY COULD FETCH UP TO $200PW WHICH MEANS A POTENTIAL 12% RETURN. MOST OF THE RENTAL STOCK IN TOWN IS NOT OF THIS QUALITY - AS THIS HOUSE HAS BEEN OWNER-OCCUPIED. THE MAIN TENANTS FOR THIS TYPE OF HOUSE WILL BE CONTRACTORS WHO ARE SERVING THE MINING COMPANIES IN THE AREA FOR A FIXED PERIOD. WHEN THERE IS MORE CONTRACTORS IN TOWN, THEN THE RENTS GO UP. THE RENT AT THE MOMENT WOULD BE CONSIDERED LOWER THAN NORMAL. AS THE MINES INCREASE PRODUCTION OR NEW CONSTRUCTION COMMENCES THEN THE RENTAL PRICES WILL ALSO RISE, AS RENTALS BECOME MORE SCARCE. MT MAGNET IS A GOLD AND VANADIUM MINING AND AGRICULTURAL SERVICE TOWN LOCATED 5 AND HALF HOURS NORTH OF PERTH. FOR MORE INFORMATION ON THE MAIN GOLD MINE VISIT RAMELIUS RESOURSES WEBPAGE. FOR INFORMATION ON THE VANADIUM MINE VISIT THE MIDWEST VANADIUM PAGE AT WWW.ATLANTICLTD.COM.AU THEN GIVE ME A CALL AND PUT AN OFFER IN FOR THIS EXCELLENT INVESTMENT OPPORTUNITY!
Property History for 66 Watson St, Mount Magnet, WA 6638
- 17 Dec 2014Sold for $70,000
- 14 Dec 2014Listed for Sale $87,000
- 21 Dec 2011Sold for $50,000
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0About Mount Magnet 6638
The size of Mount Magnet is approximately 261.3 square kilometres. It has 10 parks covering nearly 0.7% of total area. The population of Mount Magnet in 2011 was 532 people. By 2016 the population was 465 showing a population decline of 12.6% in the area during that time. The predominant age group in Mount Magnet is 50-59 years. Households in Mount Magnet are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Mount Magnet work in a trades occupation. In 2011, 39.3% of the homes in Mount Magnet were owner-occupied compared with 53.9% in 2016.
Mount Magnet has 540 properties. Over the last 5 years, Houses in Mount Magnet have seen a 76.38% increase in median value. As at 31 October 2024:
- The median value for Houses in Mount Magnet is $67,318 while the median value for Units is $179,914.
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