15/451 Murray StreetPerth WA 6000
Property Details for 15/451 Murray St, Perth
Last Listing description (March 2019)
Quest West End is located in the heart of Perth's CBD, just a short walk to Perth Arena, Perth Convention and Exhibition Centre, His Majesty's Theatre, and Kings Square Precinct.
Just beyond, you will find the exciting entertainment precinct of Northbridge and the wonder of Kings Park and Botanic Gardens.
Lease Details
Next Rent Increase: 1st July 2019
Current Return: 7.95% Gross / 6.32 Net%
Increases as follows;
July 2019- $270 per week ($14, 063 pa)
July 2020- $281 per week ($14, 626 pa)
Lease Terms: Lease to 01/07/2021 plus 1 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)
Spacious one bedroom apartment featuring lounge and dining area. 53m2 in size.
*** Please note- This property will be subject to an approaching refurbishment program. Scope of works are as follows:
full upgrades to kitchen and bathroom, carpet and paint*****
Approximate cost to the new purchaser will be as follows:
Bathroom and Kitchens $24,716.99
New Kitchen Appliances $ 1,900.00
Painting $ 3,080.00
Carpet $ 2,319.00
Approximate Owner Outgoings:
Council Rates: $1178 pa
Water Rates: $1190
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $400 p/a
Apartment is 53m2 internal.
Property History for 15/451 Murray St, Perth, WA 6000
- 02 Apr 2019Sold for $199,000
- 26 Sep 2018Listed for Sale Not Disclosed
- 09 Apr 2011Listed for Sale $235,000
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About Perth 6000
The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2011 was 9,236 people. By 2016 the population was 11,424 showing a population growth of 23.7% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation. In 2011, 37.1% of the homes in Perth were owner-occupied compared with 35.1% in 2016.
Perth has 11,657 properties. Over the last 5 years, Houses in Perth have seen a 31.76% increase in median value, while Units have seen a 44.24% increase. As at 30 September 2024:
- The median value for Houses in Perth is $1,018,196 while the median value for Units is $548,283.
- Houses have a median rent of $700 while Units have a median rent of $650.
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