The price on this 2-bedroom townhouse, located in the heart of trendy Nedlands, has the vendor accepting offers from $549,000, down from the initial asking price of $649,000. The owner is hoping the reduced price will attract either an owner-occupier or landlord for a quick sale.
The home is built at the rear end of the complex, away from the hustle of Hamden Road. This property offers easy access to cafes, restaurants, shopping, and transport. It is close to University of WA, the magnificent Swan River, Kings Park and Sir Charles Gairdner Hospital, while being only a short drive away from local beaches.
The townhouse is one of the four largest sized building in the complex, and includes two car bays in a secure parking area, plus a lock-up storeroom. The property boasts 2 bedrooms both with ensuites, a large open living area with lots of natural light, high ceilings and is fully air-conditioned.
If you think it is a good deal, make sure you crunch the numbers first. On a first look, they look good. The vacancy rate of 2.3% in the 6009 postcode and asking rents having gained 10.9% over the last 12 months. The gross rental yield is a bit low at 2.9%, but overall, this paints a positive picture for future investors with such strong rental growth.
However, asking prices for a 2-bedroom home over the last 12 months have fallen 5.5%, which may not be reflected in the asking price, as a similar-sized townhouse on the same street, sold for $525,000 in November 2020. It would pay to do more research on the pricing of this townhouse and investigate if there is room for a greater discount. You can view sales records for postcode 6009 here.
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