62/1 Padbury CircleSorrento WA 6020
Property Details for 62/1 Padbury Cir, Sorrento
62/1 Padbury Cir, Sorrento is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 83m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in May 2016.
Last Listing description (June 2016)
OWNERS INVITE YOU TO MAKE AN OFFER - THIS INVESTMENT WILL BE STRESS FREE WITH APPROXIMATELY 5.5% YIELD
This luxury one bedroom ground floor spa apartment in a prime location is managed and serviced by the experienced resort staff therefore investors can enjoy hassle-free returns. This apartment is fully furnished, well maintained and boasts a balcony for guests to enjoy an evening sun downer while taking in the panoramic ocean views.
Quality short term accommodation is scarce in this popular holiday spot so you are guaranteed to reap the benefits when you decide to make this your next investment to add to your portfolio.
Please be advised that this is buy to let only, maximum 3 month stay.
All recent management reports and strata information available on request.
PLEASE CALL JESS TODAY ON 0422 971 673 WITH FURTHER ENQUIRIES AND TO ARRANGE A PRIVATE INSPECTION
Property History for 62/1 Padbury Cir, Sorrento, WA 6020
- 21 May 2016Sold for $265,000
- 30 Apr 2015Listed for Sale $275,000-$285,000
- 29 Oct 2004Listed for Sale 225000
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About Sorrento 6020
The size of Sorrento is approximately 3.6 square kilometres. It has 11 parks covering nearly 14.3% of total area. The population of Sorrento in 2011 was 7,371 people. By 2016 the population was 7,355 showing a population decline of 0.2% in the area during that time. The predominant age group in Sorrento is 50-59 years. Households in Sorrento are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sorrento work in a professional occupation. In 2011, 83.1% of the homes in Sorrento were owner-occupied compared with 84.8% in 2016.
Sorrento has 3,457 properties. Over the last 5 years, Houses in Sorrento have seen a 90.11% increase in median value, while Units have seen a 33.86% increase. As at 31 October 2024:
- The median value for Houses in Sorrento is $1,660,378 while the median value for Units is $563,166.
- Houses have a median rent of $1,000 while Units have a median rent of $685.
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