Sold
18/4 Newman Drive, Newman WA 6753
Sold price: $400,000
Sold: 24 Dec 2024
Sold
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4 Bedrooms
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2 Bathrooms
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2 Cars
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Landsize 401m2
Townhouse
View
QUALITY INVESTMENT
Located in the sought-after Fairways Estate in Newman this stunning townhouse at 18/4 Newman Drive is now available for sale.
Boasting 4 bedrooms, 2 bathrooms, and 2 off-street parking spaces, this property is perfect for investors looking to add a high-quality asset to their portfolio.
The townhouse features modern amenities such as an ensuite bathroom, built-in wardrobes, broadband connectivity, timber look vinyl floorboards throughout the living areas, split system air conditioning throughout for year-round comfort and an outdoor area for entertaining guests or relaxing outdoors.
Investors will be attracted to this property due to its excellent rental return potential.
Currently leased until December 14th, 2028 with a weekly rent of $750 which will increase to $772 on December 18th. There is an annual 3% increase built into the lease agreement.
The corporate tenant provides stability and reliability while the rare offering of a 4-bedroom townhouse in the Fairway Estate adds further appeal.
Property Features:
- Ensuite
- Built-in wardrobes
- Broadband
- Floorboards
- Split system air conditioning
- Outdoor area
- Undercover parking
Key Financial Details:
- Weekly rent: $750
Don't miss out on this fantastic investment opportunity in Newman! Contact us today to arrange a viewing and secure your future income stream with this established property in a prime location.
Property features
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Carports
2
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Floor area
155m2
Property snapshot by reiwa.com
This property at 18/4 Newman Drive, Newman is a four bedroom, two bathroom townhouse sold by Doug Shaw at Newman First National on 24 Dec 2024.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Newman or see other recently sold properties in Newman.
Nearby schools
Newman overview
Newman is a mining company townsite in the Pilbara region, 1184 kilometres northeast of Perth. The townsite was gazetted in 1972 after the Mount Newman Mining company developed a large iron ore mine at Mount Whaleback. The townsite is named after the nearby Mount Newman, a 1055 meter high mountain in the Ophthalmia Range.
Mount Newman was named by the surveyor W F Rudall in 1896, "in honour of our late leader". Newman was Aubrey Woodward Newman, the original leader of the survey party carrying out surveys in the neighbourhood of the Ophthalmia Range in 1896. He contracted typhoid fever at Peak Hill and, too ill to continue, was later returned to Cue where he died on May 24th, 1896.
Newman quick stats
High end
$420k
Median
$360k
Low end
$310k
9.1%
Annual growth
$360k
Annual median sales price
$850pw
Annual median rental price