Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Search Visibility Bands show where Quiet Listings has observed a property appearing within price-filtered property searches during its marketing campaign.
The lower end of the band is based on observed search visibility. Quiet Listings then applies an algorithmic buffer based on the confidence and quality of the available search data.
Search Visibility Bands are independently generated by Quiet Listings from observed search data. They are not supplied by the seller or listing agent and are not an asking price, agent price guide, property valuation, auction reserve, seller expectation or indication of a price the seller will accept.
Buyers should contact the listing agent for official pricing information.
Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Offering exceptional value for the discerning investor, this ground floor apartment is located at the heart of Joondalup, directly opposite ECU University and within easy walking distance to a variety of amenities. This prime location provides convenient access to shopping, dining, and public transport, making it a desirable addition to any investment portfolio.
The one-bedroom, one-bathroom apartment features air conditioning and a spacious courtyard, enhancing comfort and outdoor living options. Its position on the ground floor of a sought-after complex further adds to its appeal.
The property currently generates a gross yield of 7%, leased to a reliable tenant until 29th October 2024 with a weekly rental income of $470. The tenant has demonstrated interest in a long-term lease, providing potential stability for the investor.
Strata fees are $638 quarterly and include contributions to the reserve fund. Council rates amount to $1,061.64 per annum, and water rates of $145.14 per annum cover usage, providing clear ongoing cost expectations.
This investment presents a strong opportunity to capitalize on Joondalup's growth, with excellent rental returns and location benefits. Whether seeking to enter the market or expand an existing portfolio, this apartment offers practical features and tenant security in a strategically desirable area.
In Joondalup, Quiet Listings observed 9 new apartments entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $664,556. The property type mix of listed properties is predominantly Houses at 66%, followed by apartments (14%), and commercial properties (7%). The most active agency for apartments in the Joondalup area is currently First Western Realty, representing 44% of new listings, followed by Marshall Real Estate with 11%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
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