SOLD
Sold on 13 Aug 2024 for $185,000

28/1 Cowra Drive
Newman WA 6753

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 143m2
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Property Details for 28/1 Cowra Dr, Newman

28/1 Cowra Dr, Newman is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 143m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Newman in the last 12 months.

Building Type
Unit
Year Built
1997
Floor Size
73m2
Land Size
143m2
Local Government
East Pilbara
Lot/Plan
28/S033678

Last Listing description (September 2024)

New 12 Month Lease / Solid ReturnsThe Cowra Drive units have always been excellent investments and very popular with tenants in the Newman leasing market which when combined with an investment under $200k really offer great value!This unit has just secured a brand new 12 month lease at $425 pw and offers returns in the vicinity of 11.5%.Being situated in the second row of the complex this unit has a larger spacious living area than others and offers great size practical kitchen, 2 bedrooms with bult in robes and a large combined bathroom / laundry.Split system air conditioning and ceiling fans offers year round comfort with a brand new air conditioning unit just installed.Outside the property offers a rear private courtyard, single carport with extra open parking bay and storeroom.The location of these units are hard to beat being close to the Red Sands Tavern, a short walk to the new Newman Health Campus and the CBD area!Be quick investments under $200k in Newman are becoming hard to find, especially low maintenance well located units.For further information and inspections call The Newman Sales TeamDisclaimer:Crawford Realty makes every effort to ensure the information provided on this property is deemed to be correct at the time of publishing. Any referenced return on investment is a gross return and is approximate. Prospective buyers should view the property before making their decision.

Property History for 28/1 Cowra Dr, Newman, WA 6753

A timeline of how this property has performed in the market
Last Sold
$185,000
13 Aug 2024
Listed for Rent
$425/w
27 Aug 2024
  • 16 Aug 2024
    Listed for Rent $425 / week
  • 13 Aug 2024
    Sold for $185,000
  • 18 Apr 2024
    Listed for Rent $425 / week
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About Newman 6753

The size of Newman is approximately 27,986.7 square kilometres. It has 13 parks. The population of Newman in 2011 was 9,086 people. By 2016 the population was 7,242 showing a population decline of 20.3% in the area during that time. The predominant age group in Newman is 30-39 years. Households in Newman are primarily couples with children and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Newman work in a machinery operators and drivers occupation. In 2011, 18.6% of the homes in Newman were owner-occupied compared with 8.6% in 2016.

Newman has 2,883 properties. Over the last 5 years, Houses in Newman have seen a 91.94% increase in median value, while Units have seen a 106.85% increase. As at 31 October 2024:

  • The median value for Houses in Newman is $300,976 while the median value for Units is $227,692.
  • Houses have a median rent of $650 while Units have a median rent of $430.
There are currently 10 properties listed for sale, and 3 properties listed for rent in Newman on OnTheHouse. According to CoreLogic's data, 120 properties were sold in the past 12 months in Newman.

Suburb Insights for Newman 6753

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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.