7/389 Cambridge StreetWembley WA 6014
Property Details for 7/389 Cambridge St, Wembley
7/389 Cambridge St, Wembley is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces and was built in 1968. The property has a land size of 61m2 and floor size of 43m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom Apartment sold in Wembley in the last 12 months.
Last Listing description (November 2024)
This renovated first-floor apartment, part of an exclusive boutique complex of just 8 residences, enjoys an unbeatable location between the beach and the city. Nestled quietly off Cambridge Street, it's filled with natural light and a wonderful sense of space. Set on a substantial 1,123 sqm block, the redevelopment potential here is excellent; as one of just 8 apartments, you'll enjoy a larger share of the land value—making it an ideal long-term investment.
Features:
- Brand new kitchen cabinet doors & panels replaced in November 2024, totalling $3,500
- One spacious bedroom with mirrored built-in robe
- One well-appointed bathroom with shower recess, WC, washing machine, and dryer
- Modern kitchen with oven, 4-burner gas stovetop, dishwasher, fridge, microwave and separate pantry
- Light-filled lounge and meals area opening onto a private balcony
- Reverse cycle air conditioning in the lounge
- Secure gated access and undercover car bay
- Common laundry and shared lawn area at the back of the complex
Prime Location Highlights:
- Walk to a vibrant selection of bars, cafes, and restaurants along Cambridge Street
- Easy access to both the city and the beach, with excellent transport options nearby
- Close to St John of God Hospital, Subiaco Square, and local shopping including IGA
- Plenty of nearby parks like Lake Monger, Henderson Park, and Subiaco Common
- Nearby neighbourhood favourites include Albert's Bar, Flipside Burgers, Pizza on Cambridge, Mooba Café, and the iconic Wembley Hotel
Enjoy the perfect blend of convenience and lifestyle in this beautifully presented apartment, where everything you need is just steps away. Don't miss out—contact us today to arrange a viewing!
RENTAL:
Currently leased to fantastic tenants at $480/week expiring on 8th May 2025. Our current rental appraisal estimates we would expect to receive tenant interest up to $500 per week, making it a smart choice for savvy investors.
Council Rates: Approx $1,323 per annum
Water Rates: Approx $901 per annum
Strata Fees: Approx $777 per quarter
Disclaimer:
The particulars of this listing have been prepared for advertising and marketing purposes only. We have made every effort to ensure the information is reliable and accurate, however, clients must carry out their own independent due diligence to ensure the information provided is correct and meets their expectations.
Property History for 7/389 Cambridge St, Wembley, WA 6014
- 06 Nov 2024Sold for $415,000
- 16 Oct 2024Listed for Sale Under Offer
- 24 Apr 2023Listed for Rent $400 / week
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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 5,954 properties. Over the last 5 years, Houses in Wembley have seen a 81.59% increase in median value, while Units have seen a 70.50% increase. As at 30 November 2024:
- The median value for Houses in Wembley is $1,860,972 while the median value for Units is $424,833.
- Houses have a median rent of $900 while Units have a median rent of $528.
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