OFF MARKET

10/57 King George Street
Victoria Park WA 6100

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 65m2
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Last updated 30 Sep 2024
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Property Details for 10/57 King George St, Victoria Park

10/57 King George St, Victoria Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 65m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
1983
Floor Size
65m2
Land Size
65m2
Local Government
Victoria Park
Lot/Plan
10/S011115

Last Listing description (October 2023)

If you are looking for lifestyle and a comfortable home layout then look no further, this two-bedroom, one bathroom unit may be just what you are looking for. With plenty of interior space as well as a large balcony with views of the surrounding area, this home would be perfect for a couple, student, or small family. The Victoria Park strip is under a kilometre away meaning you can easily walk to shops, cafe's and restaurants - but staying at home is an easy choice to make as well as the air conditioning, modern internal features and spacious living area make it a cosy and cheerful place to stay. Currently rented out, this unit provides a steady income of $370 per week (rental yield 6.12%) and market rent of approximately $430 per week would provide a high estimated rental yield of 7.12%.Property Highlights:- 65 square metres total size- Split system air conditioning to living area- Balcony with views of surrounding area- Allocated undercover parking space- Secure complex with gate- Built in robes to the bedrooms- Strata levies approximately $620 per quarterInvestor Summary:- This property is currently tenanted on a fixed-term basis for $370 per week until August 2023- Market rent for 10/57 King George Street is approximately $430 per week- Based on market rent and a purchase price of $x315,000 the estimated rental yield for this property is 7.12%- HouseSmart Real Estate is highly active in Victoria Park and the surrounding areas, and can provide high-quality property management services throughout the course of the tenancy and beyond.Set in a secure gated complex along King George Street, this apartment complex holds a prominent position in the street, with the Perth City skyline visible behind. Only 10 minutes away, the drive into Perth CBD is easily achieved here, and there is secure allocated undercover parking for when you arrive back home at the end of the day. Heading in to the complex, you will find this property on the ground floor with no stairs to climb.To the interior of the home, the two bedrooms are both good size and feature built in robes for storage solutions. There is laminate wood-look flooring throughout which brings the rooms together in layout and in look. To the main bedroom, the built in robes are double-doored and there is also a sliding door access to outside. To the bathroom down the hall, you will find a shower and toilet as well as a laundry area.The living area is quite spacious with room for a large lounge. There is built-in shelving near the entryway for bookshelves, extra storage or decor. A split-system air conditioner provides a nice breeze. The windows here face north to north-west towards the city, allowing plenty of natural light in to the home. Stepping out on to the balcony, you will find views over the surrounding area as well as towards the hills of Kings Park, and towards Crown Casino on the other side.The kitchen has a nice outlook as well over from trees, the mid-morning sun providing a welcoming presence. There is plenty of bench space and cupboardry, as well as a built-in pantry, microwave shelving, and one-and-half stainless steel sink. An early cup of coffee in the morning, or a hearty Sunday lunch with the family - whatever you cook up in this kitchen is sure to be heart-felt and homely!Walking distance from this location is the Victoria Park strip at 10 minutes (900m), Victoria Park Shopping Centre at 20 minutes (1.7km - Coles, Kmart and more), and Kensington Street High School at 15 minutes (1.0km). There is plenty of parks around the area including Hawthorne Park just down the road (240m). As for public transport, there is a bus stop less than 100m from the home which goes from Belmont Shopping Centre to Curtin University (Bus 248).There is a lot to love about this home. Whether you utilise it as your own, or rent it out and allow someone else to create their dream home here, with quality features and attributes and an amazing location. Make sure you don't miss out!

Property History for 10/57 King George St, Victoria Park, WA 6100

A timeline of how this property has performed in the market
Last Sold
$300,000
16 Sep 2023
Listed for Rent
$330/w
12 Aug 2021
  • 16 Sep 2023
    Sold for $300,000
  • 08 Aug 2023
    Listed for Sale Not Disclosed
  • 28 Jul 2021
    Listed for Rent $330 / week
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About Victoria Park 6100

The size of Victoria Park is approximately 2.6 square kilometres. It has 16 parks covering nearly 12.7% of total area. The population of Victoria Park in 2011 was 8,539 people. By 2016 the population was 8,779 showing a population growth of 2.8% in the area during that time. The predominant age group in Victoria Park is 20-29 years. Households in Victoria Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Victoria Park work in a professional occupation. In 2011, 44% of the homes in Victoria Park were owner-occupied compared with 43.8% in 2016.

Victoria Park has 5,772 properties. Over the last 5 years, Houses in Victoria Park have seen a 67.56% increase in median value, while Units have seen a 44.21% increase. As at 31 August 2024:

  • The median value for Houses in Victoria Park is $1,004,625 while the median value for Units is $508,366.
  • Houses have a median rent of $750 while Units have a median rent of $590.
There are currently 26 properties listed for sale, and 9 properties listed for rent in Victoria park on OnTheHouse. According to CoreLogic's data, 300 properties were sold in the past 12 months in Victoria park.

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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.