Sold
8/59 Victoria Street, Midland WA 6056
Sold price: $325,000
Sold: 07 Feb 2025
Sold
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2 Bedrooms
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1 Bathroom
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1 Car
Unit
View
Low-Maintenance Unit with Immediate Rental Potential
If you're an investor seeking a property that delivers immediate rental returns, Unit 8/59 Victoria Street is a smart choice. With a tenant ready to stay on at $350 per week, this low-maintenance two-bedroom, one-bathroom unit offers an effortless addition to your portfolio.
The property is designed for practicality, featuring an open-plan living and dining area, a functional kitchen with plenty of storage, and two generously sized bedrooms. A large single carport provides ample parking, while the private courtyard gives tenants outdoor space to enjoy.
Features:
• Immediate Rental Income: The current owner is prepared for a rent-back arrangement at $350-$400 per week.
• Low Maintenance: Durable brick construction and minimal outdoor upkeep.
• Strong Location Appeal: This unit is just minutes from two major shopping centers Midland Gate and Centre Point. With local stores, medical facilities, a train station, and the CBD nearby, all while having an IGA just down the street.
• Tenant Ready: A reliable tenant ensures income from settlement day.
• Transport: Commuting is a breeze with a bus stop nearby and easy access to major roads.
Contact us today to arrange a viewing and secure this prime investment opportunity!
Key Details:
• Council Rates Approx: $1,700 pa
• Water Rates Approx: $733.65 pa
• Strata Rates Approx: $2,500 pa
• Rental rate of $350pw on a long-term lease.
Property features
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Carports
1
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Toilets
1
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Floor area
64m2
Property snapshot by reiwa.com
This property at 8/59 Victoria Street, Midland is a two bedroom, one bathroom unit sold by Edward Harfouche at Real Estate Plus on 07 Feb 2025.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Midland or see other recently sold properties in Midland.
Cost breakdown
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Council rates: $1,700 / year
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Water rates: $733 / year
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Strata fees: $625 / quarter
Nearby schools
Midland overview
Midland is a mixed-use suburb with industrial, commercial and residential areas. It experienced its most substantial development period occurring during the post-war years. More recently, Midland experienced growth between 2001 and 2011 as new dwellings were added to the Midland Redevelopment Area, a State Government urban renewal project which commenced in 2000.
Life in Midland
Midland offers its residents a suburban environment with a good supply of commercial and recreational establishments. There are three shopping centres in the area, Midland Central Shopping Centre, Midland Gate Shopping Centre and Centrepoint Shopping Centre, plus a leisure centre, speed dome, sports complex, a skate park, town hall and arts centre. Other major establishments include Swan District Hospital, Polytechnic West Midland Campus and a number of schools. There is also plenty of open public space with parks, reserves, walk trails and ovals in abundance.
Midland quick stats
High end
$720k
Median
$600k
Low end
$557k
12.6%
Annual growth
$600k
Annual median sales price
$610pw
Annual median rental price
