5/1 Gladstone Road, Armadale WA 6112

LOW MAINTENANCE NRAS

Whether you're searching for your next investment or your first home this 2 bedroom villas is ideal. High ceilings in this light and breezy unit gives a feeling of space you simply won’t find in other comparable properties.

Perfectly located a short distance away from local transport hubs, this fantastic property showcases Modern design, Secure parking, Split system air-conditioning for a perfect temperature all year around and Built in robes in both bedrooms.

- Water Rates: $917.03 pa
- Council Rates: $1,900.00 pa
- Strata Fees: $1072.72 pa

Act now as this property won't last long!

Features:
- Master bedroom with built-in robe
- Separate bathroom
- Lounge opening to a kitchen and meals
- Secure single lock up garage
- Currently rented under NRAS scheme

The National Rental Affordability Scheme ('NRAS' or 'the Scheme') is an Australian Government affordable housing initiative, delivered in partnership with state and territory governments. Governments, the business sector and community organisations have recognised that housing affordability is an issue of significant community concern. The growing cost of housing is having an impact on the ability of many Australians to meet their financial commitments. The Scheme seeks to address the shortage of affordable rental housing by offering annual financial incentives for up to ten years, to rent dwellings for eligible NRAS tenants at 80 per cent or less of the market value rent.

NRAS investors are third parties that own the rental dwellings. They have a key stake in the Scheme as they can be beneficiaries of the NRAS incentive and may also participate in the Scheme as part of a consortium or trust. NRAS investors and approved participants generally enter into contractual arrangements where the approved participant manages compliance with the NRAS regulatory requirements and passes on all or part of the NRAS incentive to the NRAS investor.