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Sold on 14 Nov 2024 for $417,500

8/863-867 Wellington Street
West Perth WA 6005

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 69m2
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Property Details for 8/863-867 Wellington St, West Perth

8/863-867 Wellington St, West Perth is a 1 bedroom, 1 bathroom Apartment with 2 parking spaces. The property has a floor size of 69m2. 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 West Perth in the last 12 months.

Building Type
Apartment
Floor Size
69m2

Last Listing description (November 2024)

Tucked away in a modern 2010 built complex this apartment is perfect for as first home buyer or an investor. This could be the perfect start to your property portfolio!

Placed on the corner of Gordon Street you will never have to venture far to pick up your morning coffee! Little Gordon Street will be your local coffee/dining spot, or enjoy afternoon drinks in the newly located Brew Dog brewery just around the corner.

Investors this is an amazing return all set up fully furnished and equipped with a tenant already in place at $650 per week. Invest in this location with the new Edith Cowan University opening towards the end of 2025 to complement what is already a buzzing inner city location with an abundance of amenity all on the doorstep.

Water Town shopping complex is also across the road and offers not only the best discount shopping in Perth but has a number of eateries and cafes to choose from.

The apartment includes a full size kitchen with dishwasher and plenty of bench space, north facing entertaining balcony placed on the quiet side of the building, reverse cycle air conditioning, plenty of built in wardrobes, laundry cupboard, large bathroom vanity, and tall ceilings.

KEY FEATURES
- NET RETURN 6.3% yield! (approx)
- TWO CAR BAYS
- ALREADY LEASED $650 PER WEEK
- Private storeroom
- High ceilings
- City views
- Reverse cycle ducted AC
- Level two
- Secure complex with intercom system
- Full size kitchen with dishwasher
- Laundry cupboard
- Built in wardrobes
- Secure under cover car bays
- Boutique group of only 45 apartments
- Low strata fees

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Property History for 8/863-867 Wellington St, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
$417,500
14 Nov 2024
Listed for Rent
$625/w
18 Jun 2024
  • 30 Oct 2024
    Sold for $417,500
  • 03 Oct 2024
    Listed for Sale UNDER CONTRACT BY RICHARD SELF
  • 22 May 2024
    Listed for Rent $625 / week
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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2011 was 5,167 people. By 2016 the population was 5,618 showing a population growth of 8.7% in the area during that time. The predominant age group in West Perth is 20-29 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation. In 2011, 34.7% of the homes in West Perth were owner-occupied compared with 33% in 2016.

West Perth has 5,816 properties. Over the last 5 years, Houses in West Perth have seen a 39.41% increase in median value, while Units have seen a 40.33% increase. As at 30 November 2024:

  • The median value for Houses in West Perth is $1,051,644 while the median value for Units is $573,831.
  • Houses have a median rent of $640 while Units have a median rent of $675.
There are currently 69 properties listed for sale, and 34 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in West perth.

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