110/25 Malata Cres, Success is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 85m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Success in the last 12 months.
This property offers a prime investment opportunity. Currently occupied by an outstanding tenant paying $430 per week and in a fixed lease agreement until 25th Feb 2025. Situated in a very convenient pocket of Success with public transport almost at your front door and the freeway just a very short drive away and not forgetting that Cockburn Gateway is an easy walk.There is a large commercial precinct just on Armadale Road featuring shops such as Repco Roar Active, Bunnings, Super Amart, The Good Guys and many more. Just on the North side of Beeliar Drive is Cockburn Arc, Cafe Royal, a plethora of Asian cuisine restaurants, Cockburn Central Water Park, Cockburn Train and Bus Station, Hair and Nail Salons, Barber Shop, Swades Food and Grocery and Gyms.For additional convenience, the complex includes a heated pool, BBQ facilities and a children's playground.The apartment is on the first floor providing easy access to and from your under cover car bay and to guide visitors to your front door. The apartment is bright and airy thanks to the open outlook with plenty of natural light flowing from the balcony through to the front door.As you step into the apartment, the Euro style laundry is immediately to your left along with storage cupboards. A functional kitchen with overhead cupboards overlooks the open lounge and dining area.The Master bedroom is generous in size with the en-suite featuring a stone bench top, over mount vanity and shower.Overall, this apartment is everything a good investment should be and offering a 6.2% ROI it's the perfect opportunity to get your foot in the door.> Split System A/C> Good Sized Balcony> Swimming Pool> Long Term Tenant> Close to local amenities> Dishwasher and Dryer/Washing Machine combo included**PLEASE NOTE PICTURES USED ARE THOSE BEFORE THE PROPERTY WAS LEASED****
The size of Success is approximately 6 square kilometres. It has 23 parks covering nearly 15.1% of total area. The population of Success in 2011 was 8,509 people. By 2016 the population was 10,176 showing a population growth of 19.6% in the area during that time. The predominant age group in Success is 30-39 years. Households in Success are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Success work in a professional occupation. In 2011, 73.7% of the homes in Success were owner-occupied compared with 69.1% in 2016.
Success has 5,343 properties. Over the last 5 years, Houses in Success have seen a 77.82% increase in median value, while Units have seen a 97.61% increase. As at 31 August 2024:
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