206 Augustus StreetWest End WA 6530
Property Details for 206 Augustus St, West End
Last Listing description (September 2010)
CENTRAL RESIDENTIAL & COMMERCIAL COMBINED
Sitting on 1756m2 of land we have a 4x1 fibro dwelling that requires some TLC and 4 tilt storage units providing 100m2 of storage space each.
A splash of paint and sanding and polishing the jarrah flooring would transform the home into an ideal rental.
The storage units have an excellent rental history with 2 leased the other 2 only recently became vacant; the owner has chosen to leave vacant whilst the property is on the market.
With some tidy up work on the house there is potential to achieve a rental in the $300pw range, add this to the rental of the 4 storage units currently at $100pw and then you have an income in excess on $35,000pa.
Due to the area of the land holding there is scope to demolish the house and add additional storage units, the zoning is commercial.
Central and convenient location
Land area of 1756m2 and 30m frontage
Solid income return with scope to improve
4x storage units of 100m2
Minimal work on house to achieve good rental income
Investment potential to pay for itself
Storage units are very secure
Imagine the demand for this type of storage facility if Geraldton and the Oakajee Port project moves forward.
The current rental charged for the units is $50 per m2 this is below the market average of approx $70 - $75 per m2 for similar storage facilities. This leaves scope for a new owner to increase the income as up to this stage the facility has never been advertised to attract new tenants.
Property History for 206 Augustus St, West End, WA 6530
- 08 Jul 2010Sold for $545,000
- 24 May 2010Listed for Sale $550,000
- 13 Apr 2004Sold for $250,000
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/xfltlwkvi4i6tgxqvgl4xr63ta?signature=110104f7e9231ddc5bbf63a4d27fb5af4f6ea8a9391e093d6cd0d8b5212ec70e){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About West End 6530
The size of West End is approximately 2.3 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of West End in 2011 was 481 people. By 2016 the population was 508 showing a population growth of 5.6% in the area during that time. The predominant age group in West End is 60-69 years. Households in West End are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in West End work in a professional occupation. In 2011, 68.9% of the homes in West End were owner-occupied compared with 64.3% in 2016.
West End has 244 properties. Over the last 5 years, Houses in West End have seen a 128.34% increase in median value, while Units have seen a 65.23% increase. As at 31 October 2024:
- The median value for Houses in West End is $391,422 while the median value for Units is $365,275.
Suburb Insights for West End 6530
Market Insights
West End Trends for Houses
N/A
N/A
View TrendN/A
N/A
West End Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
