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2//85 Varden Street, Piccadilly WA 6430

$400,000

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$400k - $420k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 1 Bath 1 Car 120 m²

Listed: 26 days ago

Updated: 11 hours ago

Overview

Set in the heart of Piccadilly, this furnished two-bedroom unit presents an excellent low-maintenance investment opportunity, ideally suited for investors seeking a reliable, long-term income stream. The property is currently leased until February 2027 at $630 per week, providing a strong gross rental return of approximately 7.8% that offers immediate financial benefits without tenant sourcing concerns.

Constructed with durable brick and iron, the home offers two spacious bedrooms each featuring mirrored built-in robes that maximise storage while maintaining a clean aesthetic. The single well-appointed bathroom incorporates practical laundry facilities, optimising space and functionality within the unit.

Outdoor living is catered for with a paved courtyard area designed for ease of upkeep and tenant comfort. Year-round climate control is available through evaporative cooling, ensuring a comfortable environment regardless of the season. Additional conveniences include electric cooking and an electric hot water system, supporting a straightforward and efficient lifestyle.

Two built-in bedrooms with mirrored robes enhancing storage and light
Combined bathroom and laundry for practical use of space
Low-maintenance courtyard promoting relaxed outdoor living
Evaporative cooling for consistent comfort throughout the year
Strong, stable rental income with a long-term tenant in place
Affordable council and strata levies maintaining financial feasibility

This property suits experienced investors or those looking to expand their portfolio with a hassle-free investment. Its combination of solid tenancy, location, and manageable upkeep makes it an attractive prospect in the local market.

Local Market Insights

In Piccadilly, Quiet Listings observed 5 new units entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $448,800. The property type mix of listed properties is predominantly Houses at 78%, followed by units (14%), and townhouses (5%). The most active agency for units in the Piccadilly area is currently John Matthew & Sons, representing 60% of new listings, followed by First National with 20%. 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.