23 Ridley RoadWoorree WA 6530
Property Details for 23 Ridley Rd, Woorree
23 Ridley Rd, Woorree is a 3 bedroom, 1 bathroom House with 6 parking spaces and was built in 1970. The property has a land size of 4000m2 and floor size of 149m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (September 2021)
23 Ridley Road is a unique opportunity to purchase a residential property with a very secure long term lease. The lease is with the Midwest Cat Shelter and is in place until 13th March 2026 with another 5-year option. Not only is this an attractive investment from a return point of view, but it is also great value for what is on offer if you ever decide to make it a home for yourself one day. The lease includes a substantial residence and the infrastructure that houses the Midwest Cat Shelter and Catopia (http://catopia.com.au/).
The buildings used for the cattery are exceptional and cover approximately 300 m2 over the two structures and include reception, workshop, ablutions, solar panels and everything to make this the only place in town to bring your cat!
The home is a spacious double brick with 3 decent sized bedrooms, 1 bathroom, office, separate lounge, open living area, good sized patio and carport. Outside is a great looking yard with beautiful big trees and a delightful below-ground pool.
Can you find another investment with such a great return and that offers real value for money for the property itself regardless of the lease?
Property History for 23 Ridley Rd, Woorree, WA 6530
- 26 Jul 2021Sold for $470,000
- 18 Mar 2021Listed for Sale Under Contract
- 13 Jan 2018Listed for Sale NEW PRICE - Offers over $580,000
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About Woorree 6530
The size of Woorree is approximately 5 square kilometres. It has 2 parks covering nearly 2% of total area. The population of Woorree in 2011 was 1,200 people. By 2016 the population was 1,336 showing a population growth of 11.3% in the area during that time. The predominant age group in Woorree is 50-59 years. Households in Woorree are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woorree work in a trades occupation. In 2011, 85.3% of the homes in Woorree were owner-occupied compared with 87.8% in 2016.
Woorree has 585 properties. Over the last 5 years, Houses in Woorree have seen a 94.93% increase in median value. As at 31 October 2024:
- The median value for Houses in Woorree is $510,620 while the median value for Units is $314,713.
- Houses have a median rent of $375 while Units have a median rent of $160.
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