SOLD
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Sold on 22 Apr 2024 for $435,000

511/112 Mounts Bay Road
Perth WA 6000

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 112m2
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Property Details for 511/112 Mounts Bay Rd, Perth

511/112 Mounts Bay Rd, Perth is a 2 bedroom, 1 bathroom Apartment with 2 parking spaces. The property has a land size of 112m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Apartment sold in Perth in the last 12 months.

Building Type
Apartment
Land Size
112m2
Local Government
Perth
Lot/Plan
51/S034024

Last Listing description (April 2024)

IdealRealtyWA is proud to present the great city & resort lifestyle opportunity to the booming market , is your choice to invest in resort-style living at a very affordable buy-in price, in the heart of Perth.

Location is everything, with Kings Park in your backyard, Mounts Bay Rd at your doorstep and a city lifestyle which dreams are made of. Featuring a tennis court, gym, swimming pool, lobby and secure parking, this property is also sold furnished and equipped, with fantastic buyers who would love to stay. A stones throw from the Swan River, you will also enjoy the breath taking views from Kings Park and within easy access to the City's CBD, shopping, dining and entertainment precincts. This apartment is also within close range of UWA and freeway entry points, as well as having public transport nearby. The neat and nifty apartment which comes with a car bay is easy to maintain and will enhance your lifestyle! The private and perfectly located home is sure to surprise & delight.

Features:

- FURNISHED AND EQUIPPED
- Kitchen includes dishwasher, microwave, fridge, electric cooktop, and electric oven. Plenty of cupboard space
- Large living and dining area with split system air conditioning
- Private balcony with views of the Perth City Skyline and Kings Park
- Large master bedroom , split system air conditioning and mirrored wardrobes
- Bathroom with shower/bath, large linen cupboard and single basin vanity with cupboard space
- Separate WC- European laundry with dryer and washing machine
- Secure car bays
- 24/7 Concierge
- Visitor Parking- Tennis Court, Gym and Swimming Pool
- Secured Swipe Card Access Close To:
- Walking distance to Jacobs Ladder/Kings Park
- 10-minute walk into the Perth CBD
- Walking distance to Elizabeth Quay
- Walking distance to the Elizabeth Quay Bus/Train Station- Mount Hospital and Kings Park Pharmacy
- Lock up entertainment areas
- Great investment opportunity
- The rental appraisal is $850P/W approx.
- Close to all

Strata fee per quarter.
Strata- $2121.99
Reserve-$271.60
Total=$2393.59/Quarter.
--------------
Just some average calculations if renting out as per the historical rental last 6 months.
On average
All based per quarter:
Airbnb
$14000/quarter@$3500/month
1carspace rent -$1000/ quarter
Therefore
$15000 _
$2394 strata_
$6300/quarter mortgage
=$6306/quarter positive return on investment.

A fantastic investment opportunity and don't miss out ,this property will be gone soon !

Contact ROY LI on 0415007588 or 61164511 for any further information or book a private viewing to avoid disappointment today …

Disclaimer: Whilst every care has been taken in the preparation of the marketing for this property, accuracy cannot be guaranteed. Prospective buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Seller or the Seller's Agent and are expressly excluded from any contract.

Property History for 511/112 Mounts Bay Rd, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$435,000
22 Apr 2024
Listed for Rent
$850/w
17 May 2024
  • 24 Apr 2024
    Listed for Rent $850 / week
  • 03 Apr 2024
    Sold for $435,000
  • 27 Mar 2024
    Listed for Sale OFFERS FR $430K
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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 11,723 properties. Over the last 5 years, Houses in Perth have seen a 41.73% increase in median value, while Units have seen a 35.74% increase. As at 31 July 2024:

  • The median value for Houses in Perth is $1,040,405 while the median value for Units is $512,141.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 156 properties listed for sale, and 70 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 809 properties were sold in the past 12 months in Perth.

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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.