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Sold on 14 Oct 2024 - Price Unavailable

13 Martin Street
Somerville WA 6430

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 532m2
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Property Details for 13 Martin St, Somerville

13 Martin St, Somerville is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 532m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom House sold in Somerville in the last 12 months.

Building Type
House
Land Size
532m2

Last Listing description (October 2024)

This beautifully presented two-storey home on Martin Street not only offers a fantastic living space but also an impressive investment opportunity. Priced at $490,000, this property comes with a secure three-year GROH (Government) lease, providing a steady income stream with a weekly rent of $800 and an annual market rent review.

Let’s break down the numbers:
• Purchase Price: $490,000

• Weekly Rent: $800
• Annual Rent Income: $800 x 52 weeks = $41,600
• Gross Rental Yield: ($41,600 / $490,000) x 100 = 8.49%
Why is this property a standout investment?
• High Rental Yield: At an attractive 8.49% gross rental yield, this property promises excellent returns compared to the market average.
• Stable Income: With a secure three-year government lease, you can enjoy peace of mind and consistent cash flow.
• Prime Location: Situated in a quiet yet central area, close to the Oasis Recreation Centre, the airport, shops, schools, and transport options.

Inside, you’ll find a spacious layout featuring four well-sized bedrooms, two bathrooms, a generous kitchen, and expansive open-plan living areas. The downstairs master bedroom comes with its own ensuite and walk-in robe.

Step outside to a large paved patio area, perfect for alfresco entertaining, and neat, low-maintenance gardens.

Don’t miss this opportunity to secure a property with strong investment credentials. Contact Robert Gilmore today to arrange your viewing and make a smart move with this high-yield investment!

Call now and secure your future!

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Property History for 13 Martin St, Somerville, WA 6430

A timeline of how this property has performed in the market
Last Sold
14 Oct 2024
Listed for Rent
$600/w
20 Nov 2011
  • 01 Oct 2024
    Sold for $485,000
  • 13 Sep 2024
    Listed for Sale $490,000
  • 01 May 2015
    Listed for Sale Not Disclosed
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About Somerville 6430

The size of Somerville is approximately 4.7 square kilometres. It has 10 parks covering nearly 15% of total area. The population of Somerville in 2011 was 3,811 people. By 2016 the population was 4,134 showing a population growth of 8.5% in the area during that time. The predominant age group in Somerville is 40-49 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation. In 2011, 58.6% of the homes in Somerville were owner-occupied compared with 59% in 2016.

Somerville has 1,815 properties. Over the last 5 years, Houses in Somerville have seen a 40.90% increase in median value, while Units have seen a 69.57% increase. As at 30 November 2024:

  • The median value for Houses in Somerville is $564,941 while the median value for Units is $313,261.
  • Houses have a median rent of $830 while Units have a median rent of $600.
There are currently 26 properties listed for sale, and 2 properties listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Somerville.

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Robert Gilmore
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First National Real Estate Kalgoorlie
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