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Address

64 John Street, Inglewood, WA 6052

Investment Strategy

Renovator

Development Timeline

18/02/2023
Property Purchased
$900,000
16/02/2024
Property Sold
$1,480,800
See what it looks like today

Rental Insights

Unleash the true earning power of your property with Stash Property. Whether it’s capitalising on the flexibility of short-term platforms like Airbnb, securing stable income with long-term tenants, or maximizing space with individual room leases, Stash analyses every option to pinpoint the most lucrative path for your specific property. With Stash, maximising your potential yield is no longer a gamble, it’s a well-calculated strategy.

Source: stashproperty.com.au

Development Stats

2024

Year of Development

343

days held

580

Gross Profit

About the Property

A Cracking Corner Charmer!

64 JOHN STREET, INGLEWOOD

A sense of delight pervades this beautiful 3 bedroom 1 bathroom character home on the corner, nestled right in the heart of Inglewood and just footsteps away from the vibrant Beaufort Street food, coffee, shopping and entertainment precinct.

High ceilings, solid wooden floorboards and tall feature skirting boards will capture your imagination here, helping preserve the residence’s original nostalgia of yesteryear. A carpeted front lounge room – or potential third bedroom – has ample power points, built-in shelving and is the ideal place to relax and watch television (if not sleep) away from the combined open-plan kitchen and meals area, where a range hood and gas-upright cooker meet double sinks and tiled splashbacks.

The separate open-plan family and dining area extends personal living options and boasts split-system air-conditioning, low-maintenance flooring and character brickwork. It also has a double storage cupboard and its own external access door.

The second bedroom has built-in double robes and the spacious master bedroom features a ceiling fan – both rooms carpeted for comfort. Brilliant in its simplicity is a practical bathroom with a separate shower and bathtub.

The laundry is also separate and opens straight out to a sunken patio-entertaining courtyard at the rear, with shade sails to either side. An added bonus is a large gate off the property’s second street frontage, allowing for side access.

Add your own modern touches throughout and prosper, at the same time taking full advantage of a wonderful position only moments from supermarkets, lush local parks, schools, Maylands Train Station, the vibrant Whatley Crescent food and coffee strip, the city and so much more. The word “convenient” is an understatement!

Other features include, but are not limited to:

– Gated front gardens
– Front-verandah entrance, with a leadlight door
– Ducted air-conditioning
– Front and rear security doors
– Gas hot-water system
– Side-access gate, linking the front and rear yards
– 509sqm (approx.) corner block

Council Rates: $1,810.33 p/ annum (approx.)
Water Rates: $1,325.02 p/ annum (approx.)

From the realestate.com.au listing

Source: stashproperty.com.au

About the Suburb

In Inglewood, the population is diverse with a mix of age groups, with a significant number of residents in the 20-44 years age range. The median weekly household income is above average. The suburb has a strong presence of professionals, managers, and technicians/tradeworkers. Most residents commute via motor vehicles, while a fair number also opt for public transport. The ICSEA value for government schools indicates high educational advantage for students.

Inglewood presents a balanced market for both houses and units. With a high market absorption rate, low vacancy rates, and solid rental yields for both property types, it is seen as a potentially lucrative investment opportunity. The suburb has shown strong annual growth, indicating a promising return on investment. The high room demand-supply ratio and online search interest suggest a robust demand for rental properties. The sale price IQR ratio, especially for houses, indicates it could be a good option for renovators.

Inglewood offers a vibrant community with good educational opportunities and convenient commuting options. For homeowners, it provides an attractive lifestyle with various amenities nearby. Investors and property developers can benefit from the suburb’s strong rental market, high growth potential, and demand for renovated properties.

Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022

Suburb Median
Vacancy Rate
Sales Volume

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