SOLD
Sold on 27 Feb 2024 for $280,000

56/281 Cambridge Street
Wembley WA 6014

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 40m2
Land area: 40m2
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Property Details for 56/281 Cambridge St, Wembley

56/281 Cambridge St, Wembley is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1969. The property has a land size of 40m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Wembley in the last 12 months.

Building Type
Unit
Year Built
1969
Floor Size
40m2
Land Size
40m2
Local Government
Cambridge
Lot/Plan
41/S007492

Last Listing description (April 2024)

Money doesn't grow on trees. It grows at 56/281 Cambridge Street. $$$Welcome to 56/281 Cambridge St Wembley, where the tenants are so fantastic, we're considering offering them a lifetime supply of cookies just to make them stay!Let's talk numbers - $350 per week in rent? Hold onto your funny bone, because this is just the warm-up act! We've done some undercover detective work (okay, maybe just a bit of neighborly eavesdropping), and word on the street is that other units in the building are strutting their stuff in the rental market, demanding between $450 and $500 per week! That's right - you've got potential rent swagger!Now I know you're dying to unleash your inner Block reno but hold onto those DIY dreams as you sit back and watch the rent pay for your future upgrades.Located in the heart of the action, this property is so close to the Subiaco and Wembley coffee shops that your daily commute might involve sipping a latte instead of sitting in traffic.Sitting on the top floor (penthouse suite anyone?) with views over the burbs, a little balcony and secure parking. This dusty diamond is ripe for shining.Don't wait for someone else to cash in this Lotto ticket. Make sure you get in first. Call Scott on 0438933634 to organise an inspection.

Property History for 56/281 Cambridge St, Wembley, WA 6014

A timeline of how this property has performed in the market
Last Sold
$280,000
27 Feb 2024
  • 27 Feb 2024
    Sold for $280,000
  • 21 Nov 2023
    Listed for Sale Low to Mid $200,000's
  • 22 Apr 2022
    Sold for $192,500
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About Wembley 6014

The size of Wembley is approximately 4.2 square kilometres. It has 13 parks covering nearly 25% of total area. The population of Wembley in 2011 was 10,553 people. By 2016 the population was 11,326 showing a population growth of 7.3% in the area during that time. The predominant age group in Wembley is 30-39 years. Households in Wembley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wembley work in a professional occupation. In 2011, 59.1% of the homes in Wembley were owner-occupied compared with 58.6% in 2016.

Wembley has 5,948 properties. Over the last 5 years, Houses in Wembley have seen a 75.52% increase in median value, while Units have seen a 56.95% increase. As at 31 July 2024:

  • The median value for Houses in Wembley is $1,727,278 while the median value for Units is $396,477.
  • Houses have a median rent of $850 while Units have a median rent of $510.
There are currently 34 properties listed for sale, and 5 properties listed for rent in Wembley on OnTheHouse. According to CoreLogic's data, 324 properties were sold in the past 12 months in Wembley.

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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.