Overview
This thoughtfully presented ground-floor apartment at 5/29 Tenth Avenue offers a harmonious blend of convenience and practical living, ideal for investors, first home buyers, or downsizers seeking a strong rental return and a low-maintenance lifestyle. Situated in Maylands, the residence benefits from a location that truly supports leaving the car at home, with easy access to shops, cafes, public transport, parks, and essential amenities enhancing day-to-day living.
The apartment spans approximately 55 square metres and features two roomy bedrooms complemented by a single bathroom and one car space, making it suitable for a range of occupants from couples to small families or tenants looking for an efficient home. Its ground floor position facilitates easy access, a significant advantage for those seeking comfort and practicality.
Tenanted until May 2027 at $525 per week, this property delivers immediate income and security via a long-term tenancy. The well-considered features include split system air conditioning for year-round comfort, built-in wardrobes optimizing storage, and an electric cooktop that suits modern culinary needs.
Strata levies are modest, about $885 per quarter, with council rates approximately $1802 per annum. Having been built in 1975, the apartment is well-established within the community and offers an attractive rental yield opportunity.
- Convenient ground-floor access for easy entry and lifestyle convenience
- Two spacious bedrooms equipped with built-in wardrobes
- Comfort-enhancing split system heating and cooling
- Secure long-term tenancy providing investment stability
- Excellent proximity to local amenities making day-to-day living seamless
This property is a practical choice for those looking to expand investment portfolios with reliable tenants already in place or anyone seeking a comfortable, low-maintenance home in one of Maylands' convenient pockets.
Local Market Insights
In Maylands, Quiet Listings observed 7 new units entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $565,000. The property type mix of listed properties is predominantly Houses at 46%, followed by units (20%), and villas (14%). The most active agency for units in the Maylands area is currently Bourkes, representing 29% of new listings, followed by GEST Real Estate with 14%. 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.