OFF MARKET

CLEMENTI/40 Citrus Street
Upper Swan WA 6069

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 375m2
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Last updated 2 Sep 2024
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Property Details for Clementi/40 Citrus St, Upper Swan

Clementi/40 Citrus St, Upper Swan is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 375m2.

Building Type
House
Land Size
375m2
Local Government
Swan

Last Listing description (August 2024)

Invest here or live here, this property is going to take you places.

Location | This is where people choose to live!

Clementine is all about lifestyle and value with a family focus.

- One of Perth's most vital new growth corridors, with easy freeway access to the CBD.
- Upper Swan caters well for families:
- Education
- Recreation
- Shopping and Services
- Healthcare

- Just a 30-minute into Perth's CBD and 25 mins to Perth Airport
- New Ellenbrook rail link nearing completion is just 10 minutes away
- Easy access to great schools

Life's Essentials are not far away

- State and private schools
- Shopping and services
- Best wineries, stunning parks, shopping centres
- Local markets
- Main arterial roads and Metronet rail

The Home | People will want to live here.

- Full turnkey package - ready to move in and start living
- Upgraded inclusions will ensure this home has enduring appeal
- Designer Series Kitchen upgrade with 900mm cooktop and rangehood, 2 wall ovens and more
- Fully Fenced & Landscaped

Smart Package with 375sqm land and 178sqm 4.2.2 home (under roof area)

Invest Here | Growth

With rents on the rise and a critical shortage of homes available, investing here will deliver both high yields and future growth.

- Rental Estimate = $750 pw
- Gross yields of around 6.7% are realistically achievable
- Vacancy rates in the area are near zero

The Market

Demand and supply define what pricing is doing. This market is under-supplied for both homes for sale and for rent. There is no supply fix on the horizon and demand is increasing. Economics 101 tells the rest of the story.

- Median House Prices | Continue to rise with 46.3% over the past year and changed 88% since 2019
- Median Rents | Up 46.3% over the past 12 months
- Vacancy Rates | 0.25% (on the day of listing, there was just 1 home available for rent)
- Homes sell within 34 days of listing

Meridien Invest View

Clementine is a premium project in a great location. It feels good to be there and people that live there love it. Looking at the numbers gives us confidence in recommending Clementine packages but the appeal of the project and the location will be what makes this work for clients looking to achieve both yield and growth from their investment.

Invest with confidence. Since 2011 Meridien has been working with clients to Achieve More from their investment property program. Here are some key reasons why you should choose us as your partners for your investment journey:

Need to know more?

Book a time to discuss how to Achieve More with Meridien Invest and plan your investment journey with one of our experienced investment consultants.

Property History for Clementi/40 Citrus St, Upper Swan, WA 6069

A timeline of how this property has performed in the market
  • 06 Apr 2023
    Listed for Sale Swan Valley Living | Under $585k

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About Upper Swan 6069

The size of Upper Swan is approximately 19.8 square kilometres. It has 13 parks covering nearly 30.9% of total area. The population of Upper Swan in 2011 was 562 people. By 2016 the population was 589 showing a population growth of 4.8% in the area during that time. The predominant age group in Upper Swan is 60-69 years. Households in Upper Swan are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Swan work in a trades occupation. In 2011, 83.5% of the homes in Upper Swan were owner-occupied compared with 84% in 2016.

Upper Swan has 860 properties. Over the last 5 years, Houses in Upper Swan have seen a 109.96% increase in median value, while Units have seen a 19.90% increase. As at 31 July 2024:

  • The median value for Houses in Upper Swan is $985,764 while the median value for Units is $538,762.
  • Houses have a median rent of $700.
There are currently 4 properties listed for sale, and 4 properties listed for rent in Upper swan on OnTheHouse. According to CoreLogic's data, 116 properties were sold in the past 12 months in Upper swan.

Suburb Insights for Upper Swan 6069

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Disclaimer
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.