This is a unique opportunity in the leafy suburb of Kalamunda sitting proudly in the Perth Hills.
You don't see this type of property come along very often and we have one here. All units are currently tenanted with the ability to raise rents again in early to mid 2025.
This property has two key opportunity for the savvy investor:
*Manufactured capital growth - Split the units onto separate titles and sell them off for future gain STCA. The Perth hills is going through a shortage of smaller dwellings for the older population to downsize into and this is causing price growth in this downsizing space.
*Rental Yield - With this area having a shortage of smaller dwellings there is no issue with getting these rented out again and again and at a higher rental per week.
The Rental Numbers:
Unit 1 lease expires 20/02/25, currently paying $290 pw could go up to $390.
Unit 2 lease expires 28/04/25, currently paying $400 pw could go up to $450.
Unit 3 lease expires 27/1/25, rent will stay the same at $540 pw.
This provides a current rental total value of $63,960 per year and rental yield of 5.3%
If you were to increase to the mentioned numbers by the end of April next year above this would change to $71,760 and a rental yield of 5.98%
There are currently only 3 rentals available in Kalamunda
4 x 2 house on 1004sqm $825 pw
2 x 1 unit asking $490 pw
4 x 2 villa asking $750 pw
If you require any more information please reach out to Damien Ethell on 0459 161 888.
Disclaimer: While we take great care in preparing our marketing information, Century 21 is not responsible for any typographical errors. Buyers are encouraged to conduct their own due diligence, and we do not assume responsibility for the accuracy of the information. Interested parties should perform their own investigations to verify accuracy.