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Overview
This property offers a unique investment opportunity in Menora, featuring two self-contained residences on a single 769 square meter corner allotment. Each home is independently functional, with three bedrooms, a living area, kitchen, and bathroom, providing versatility and privacy for occupants or tenants.
The dual residences generate a steady rental income of $1,400 per week collectively, showcasing excellent immediate holding potential. Both homes include front and rear balconies that enhance living space with outdoor relaxation areas, complemented by covered rear patios and fully fenced backyards that cater to family living and entertainment.
Practicality extends to the undercroft garages for parking and storage. While the homes have undergone some selective updates, there remains significant scope for refurbishment to elevate presentation and rental appeal further.
- Dual residences on one title with independent living spaces
- Six bedrooms and two bathrooms combined
- Reliable rental income from periodic leases
- Spacious 769 sqm corner site close to public transport
- Close proximity to schools, parks, universities, and sporting facilities
- School catchments include Coolbinia Primary, Kyilla Primary, and Mount Lawley Senior High School
This substantial corner holding suits investors aiming to capitalize on current income streams or those considering future development or alternative uses subject to council approval. Its positioning in an established and convenient Menora location enhances its long-term attractiveness for tenants and owners alike.
Local Market Insights
In Menora, Quiet Listings observed 9 new houses entering the market over the last 30 days, down from 13 during the previous 30-day period, with an average advertised asking price of $2,438,889. The property type mix of listed properties is predominantly Houses at 46%, followed by units (21%), and apartments (21%). The most active agency for houses in the Menora area is currently Haiven Property, representing 22% of new listings, followed by Ray White with 22%. 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.
Change History
| Headline | When |
|---|---|
| Offers Over $1.59M | |
| Offers In The Mid To High $1Ms | |
| End Date Sale |
Location
Market Insights for Menora WA 6050
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