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1/62 Margaret Street, Midland WA 6056

Offers From $679,000

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$679k - $713k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 2 Baths 2 Cars 222 m²

Listed: 11 hours ago

Overview

This well-maintained street-front villa, built in 2009, offers a thoughtful blend of independence and convenience, ideal for those seeking a low-maintenance lifestyle without the additional cost of strata fees. Positioned on the premier lot with its own street frontage and private driveway, the property allows for privacy and easy access, enhancing its appeal for a diverse range of buyers including first-home buyers, downsizers, and investors.

Inside, the home's layout is spacious and functional, featuring three well-sized bedrooms and two bathrooms that accommodate family living or provide flexibility for guests or home offices. The generous kitchen serves as a central hub for culinary activities, aligning well with the overall emphasis on practical and comfortable living spaces.

No strata fees, reducing ongoing costs and administrative responsibilities.
Own driveway and street frontage, providing additional privacy and convenience.
Land size of 222 sqm that supports manageable outdoor upkeep.
Two dedicated parking spaces for residents and visitors.

Strategically located within walking distance to Midland Gate Shopping Centre, local schools, and public transport, the property excels in connectivity and convenience. Access to Perth Airport is straightforward via car in about 16 minutes, and the proximity to the Swan Valley wine region offers recreational opportunities close to home.

Given its accessible location, modest maintenance requirements, and the absence of strata fees, this property presents a solid opportunity for those desiring lifestyle ease coupled with functional living. Current leasing arrangements, with an expected rental return around $730 per week and an existing lease in place until May 2027 at $630 weekly, also make it an attractive prospect for investors seeking stable returns.

Local Market Insights

In Midland, Quiet Listings observed 39 new houses entering the market over the last 30 days, down from 51 during the previous 30-day period, with an average advertised asking price of $1,018,923. The property type mix of listed properties is predominantly Houses at 69%, followed by units (8%), and apartments (8%). The most active agency for houses in the Midland area is currently Earnshaws Real Estate, representing 15% of new listings, followed by The Agency with 15%. 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.