SOLD
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Sold on 02 Oct 2024 for $335,000

7/406 Hay Street
Somerville WA 6430

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 202m2
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Property Details for 7/406 Hay St, Somerville

7/406 Hay St, Somerville is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 202m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom House sold in Somerville in the last 12 months.

Building Type
House
Land Size
202m2

Last Listing description (October 2024)

Discover a solid investment opportunity in this modern 2-bedroom unit, located in a secure, gated complex. Ideal for investors seeking a hassle-free property, this unit offers the stability of a long-term Government Regional Officers' Housing (GROH) lease, providing a guaranteed rental income until November 2025. With its low-maintenance appeal and convenient location near public transport, this property is a must-see.

Property Features:
• 2 Spacious Bedrooms with built-in robes, ensuring ample storage

• 2 Modern Bathrooms for added convenience and comfort
• Open-Plan Kitchen and Living Area, perfect for a relaxed, contemporary lifestyle
• Natural Gas Supply, offering efficient and cost-effective utility options
• Gas Cooking & Gas Hot Water System-a reliable and budget-friendly setup
• Evaporative Air Conditioning to keep the unit cool during warmer months
• Undercover Carpark for secure, protected parking
• Gated Complex provides additional security and peace of mind
• Long-Term GROH Lease in place until November 2025, generating $560.00 per week
• Built in 2012
• Strata Levies: $466.40 per quarter
• Council Rates: $2,232.00 approx. per annum
• Water Rates: $300.00 approx. per annum

This unit presents a fantastic opportunity for investors looking for steady, guaranteed rental income with minimal upkeep. Don't miss out on this reliable investment.
For more information or to arrange a viewing, contact Carolyn Brown at 0407 540 341 or carolyn@elitechoicerealestate.com.au.

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Property History for 7/406 Hay St, Somerville, WA 6430

A timeline of how this property has performed in the market
Last Sold
$335,000
02 Oct 2024
Listed for Rent
$380/w
15 Nov 2019
  • 25 Sep 2024
    Sold for $335,000
  • 17 Sep 2024
    Listed for Sale $339,000
  • 06 Aug 2021
    Sold for $262,500
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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, 114 properties were sold in the past 12 months in Somerville.

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Carolyn Brown
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