Address
6 Skelwith Close, Balga WA 6061
Investment Strategy
Positive Cashflow/High Yield
Development Timeline
Property Purchased
Advertised For Rent
About the Property
This property features three bedrooms with carpeted flooring, including a master bedroom with a full-length glass/mirrored wardrobe. The open-plan dining/lounge and kitchen area is tiled and includes a lounge with a ceiling fan, downlights, and air conditioning. The kitchen is well-maintained and comes with twin sinks, downlights, a skylight, dishwasher, and a gas hob.
Other highlights of the property include a recently upgraded attractive bathroom with a shower, vanity, and toilet, a recently renovated laundry with ample storage, and a spacious sunroom. Security shutters on windows help keep the home cool, and there’s also a reverse cycle air conditioning system, security camera, and monitor screen, as well as a solar system.
The property offers extended under-roof cover at the side and rear, along with two separate vehicle gates and a side gate for house entrance. It is enclosed by smart green colorbond fencing. The outdoor area is large and secure, featuring shrubs, fruit trees, a lawn, and a veggie garden in the front garden.
Built in 1984 on a 445sqm block, it shares a drive with a house at the rear, benefiting from new fencing along the full length of the drive. There are no strata fees associated with this property. It is zoned R40, potentially allowing for subdivision with Shire approval, with a minimum block size of 220sqm. Additionally, the property enjoys a convenient location near bus routes, schools, early learning centers, parks, and shops.
From the reiwa.com.au listing
Investment Stats
2023
6.7
9.1
About the Suburb
Overview: Nestled in the northern suburbs of Perth, Balga is a thriving and diverse suburb known for its strong sense of community and accessibility to essential amenities. With a population of approximately 13,864 residents and 6,303 dwellings, Balga offers a welcoming and well-connected living environment.
Residential Landscape: Balga showcases a mixed residential landscape, with approximately 45% of residents being owner-occupiers. The IQR % Median of 23% reflects a range of property prices, catering to various budgets. Properties in Balga typically spend an average of 49 days on the market (DOM), indicating a balanced and active real estate market.
Property Market: The median property price in Balga stands at $400,000, making it an affordable choice for prospective homeowners. The recent % growth rate of 6.7% signifies a growing real estate market, making it an appealing prospect for property investors. Rental properties in the suburb offer a competitive yield of 6.2%, attracting those seeking rental income. With a vacancy rate of just 0.2%, Balga experiences high demand for rental properties.
Market Activity: The Market Absorption rate of 22% indicates that properties in Balga are absorbed into the market at a healthy pace, showcasing its desirability among homebuyers and investors.
Balga is a vibrant and accessible suburb that offers a strong sense of community. Its diverse population, affordability, and educational options make it an attractive destination for those seeking a welcoming and well-rounded living experience.
Suburb Median
Vacancy Rate
