4B Mervyn StreetNortham WA 6401
Property Details for 4b Mervyn St, Northam
4b Mervyn St, Northam is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 2011. The property has a land size of 351m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (August 2022)
Ask any prudent investor and theyll tell you the first thing to consider is resale value. To preserve your value you must ensure you buy in a good location.
Check !! Mervyn Street; so close to the Rec Centre, Aquatic Centre, Youth Park, Train Station, Northam Primary School, Spud Shed and main street shopping in the town centre beyond.
A prudent investor will also consider the age of property to minimise frequency of maintenance call-outs. Tradies can charge around $110/hr which can quickly erode the weekly rental income if own one of those old 1950s asbestos or early 1900s red brick or weatherboard dwellings and tradies are making regular call-outs to effect repairs.
Check, Check !! 4B Mervyn Street; a modern brick and Colorbond dwelling constructed in 2011 with minimal maintenance years of life ahead.
Every investor calculates the ROI (rate of return on capital). The higher the rate the better.
Check Again !! 4B Mervyns rental of $360pcm equates to a gross return on $340,000 capital of 5.5%.
Gardening is not every tenants cup-of-tea especially considering our hot climate and the cost of water, soil wetter, fertiliser, mulch, pesticides, replacing lost plants and lawn. Few tenants budgets will stretch that far. And people are so time-poor these days. Few tenants want to spend their precious Saturdays and Sundays slaving over their Landlords gigantic quarter acre block watering, fertilising, mowing, weeding, pruning. Unless the investor is re-developing, a big block is the last thing wanted.
4B Mervyn Street is on a 351sqm block nicely fenced and paved, easily maintained.
This property comprises 3 bedrooms, 2 bathrooms, 2 living areas, gas hot water heating and stove hot plates, electric oven, ceiling fans, split system rev cyc air conditioner, auto reticulation, security grills, double lockup garage.
The tenancy is a short fixed term expiring 28 August so if youre an owner-occupier rather than investor, vacant possession could be timed to align with the settlement.
Its waiting for you buy it. Interested ? Ask Steve Hill and Lara Turnbull for more information and an inspection.
Note that the images on this web page are not current (taken from our Rental Depts image library at the commencement of a former tenancy) so prospective buyers must make an inspection to verify appearance.
Property History for 4b Mervyn St, Northam, WA 6401
- 17 Jun 2022Sold for $340,000
- 15 Mar 2022Listed for Rent $360 / week
- 01 Mar 2022Listed for Sale $340 000
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0About Northam 6401
The size of Northam is approximately 26.8 square kilometres. It has 24 parks covering nearly 6.8% of total area. The population of Northam in 2011 was 6,580 people. By 2016 the population was 6,572 showing a population decline of 0.1% in the area during that time. The predominant age group in Northam is 50-59 years. Households in Northam are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Northam work in a trades occupation. In 2011, 66.5% of the homes in Northam were owner-occupied compared with 64.2% in 2016.
Northam has 4,250 properties. Over the last 5 years, Houses in Northam have seen a 133.96% increase in median value, while Units have seen a 117.97% increase. As at 31 January 2025:
- The median value for Houses in Northam is $403,799 while the median value for Units is $309,911.
- Houses have a median rent of $470 while Units have a median rent of $325.
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