OFF MARKET

42/190-192 Railway Parade
West Leederville WA 6007

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 51m2
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Property Details for 42/190-192 Railway Pde, West Leederville

42/190-192 Railway Pde, West Leederville is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1968. The property has a land size of 51m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
1968
Floor Size
51m2
Land Size
51m2
Local Government
Cambridge
Lot/Plan
18/S000007

Last Listing description (March 2023)

The same owners are clearing their investment portfolio which has opened the door for one or possibly two very savvy investors.

The Location

Positioned perfectly with views to the city, the complex is just 350m to West Leederville Station, 700m to Leederville Train Station, 1km to Oxford Strip, 2km to Rokeby Strip, 8km to City Beach, 1.5km to the city and all the freeway entries and the trendy cafes and bars of West Leederville and the Subiaco East Precinct are right on your doorstep. A more convenient location with the lifestyle to match is certainly hard to find.

The Property
Built in 1968, this small complex of just 20 apartments is spread over five floors with lift access with huge carparking area all located on a massive 2114 sqm block with awesome redevelopment potential in the future.

The Units
Refurbished and spacious 50 sqm one bedroom units with leafy balcony views to the city skyline

Unit 32 - from $199,000
This one is available with vacant possession, so it is suitable for First Homebuyers or a great opportunity for investors to make some improvements to meet the under supplied current rental market.

Unit 42 - Under Offer
Suitable for First Homebuyers as the tenant is moving out at end of the current lease or a great opportunity for investors to increase their return to meet the current rental market. Current lease runs until 30 July 2023 for $245 per week

In Summary
A rare and unique opportunity to own two investment properties in the same complex on the fringe of the city or you could secure just one.


DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy. Interested persons are advised to make their own enquiries and satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.

Property History for 42/190-192 Railway Pde, West Leederville, WA 6007

A timeline of how this property has performed in the market
Last Sold
$210,000
14 Feb 2023
Listed for Rent
$220/w
28 Jul 2020
  • 14 Feb 2023
    Sold for $210,000
  • 25 Oct 2022
    Listed for Sale Both Now Under Offer
  • 07 Jul 2020
    Listed for Rent $220 / week
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About West Leederville 6007

The size of West Leederville is approximately 1.5 square kilometres. It has 5 parks covering nearly 11.5% of total area. The population of West Leederville in 2011 was 3,807 people. By 2016 the population was 3,963 showing a population growth of 4.1% in the area during that time. The predominant age group in West Leederville is 30-39 years. Households in West Leederville are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in West Leederville work in a professional occupation. In 2011, 58.4% of the homes in West Leederville were owner-occupied compared with 58.8% in 2016.

West Leederville has 2,671 properties. Over the last 5 years, Houses in West Leederville have seen a 78.05% increase in median value, while Units have seen a 71.79% increase. As at 31 October 2024:

  • The median value for Houses in West Leederville is $1,791,030 while the median value for Units is $538,398.
  • Houses have a median rent of $1,000 while Units have a median rent of $575.
There are currently 16 properties listed for sale, and 6 properties listed for rent in West leederville on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in West leederville.

Suburb Insights for West Leederville 6007

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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.