Lot 10 Millar Road Wellard WA 6170

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5 3 3
$491,073

Dual Occupancy H & L With Gov't Incentive 3x2x2+2x1x1 Wellard Perth 8%+ Yield

Lot 10 Millar Road, Wellard
This to be constructed dual occupancy home is located in the new Alkina Estate of Wellard https://goo.gl/maps/R8ALnE83mXp. Land is expected to be titled in Jan 2018.

Build time is approx 8 months from land settlement.

This new property includes a 8+ year $11,114 p.a Gov't Tax Free NRAS substitution Incentive. The 3-bedroom dwelling is market rent and the 2-bedroom dwelling has a discounted rent with the incentive.

Alkina Private Estate is nestled in just off Millar Road on the eastern side of the Freeway. This area is fast growing and home to many new families creating a close knit and supporting community.

What can investors expect when buying this property?

1. 1 x Gov't NRAS Incentive currently valued at $11,114 (2017-2018)
2. 2 x sets of tenant-rents totalling $546 pw
3. Wellard is a 30+ minute drive from the CBD of Perth
4. One of WA's highest gross rental yields at 8%+
5. Dual Occupancy homes contain two independent homes and tenancies on one lot and title therefore only 1 set of council rates apply
6. Dwellings are full turn-key and include floor coverings, wall coverings, site works, landscaping, security, reticulation and much more!

Not suitable for SMSF buyers as this is a house and land package with 2 contracts. Builder is Port Bouvard Homes.

Only 3 available lots as at 25th Sept

Lot No 10
Lot Size (m2) 450
Frontage (m) 15
Lot $187,000
House $304,073
Total $491,073

Lot No 19
Lot Size (m2) 458
Frontage (m) 17
Lot $187,000
House $304,073
Total $492,643

Lot No 20
Lot Size (m2) 459
Frontage (m) 17
Lot $187,000
House $304,073
Total $493,463

Market & discounted rents

3br rent $330 p.w
2br rent $270 p.w less 20% NRAS discount = $216 p.w

Total rents = $546 p.w + NRAS value $214 pw = $760 p.w or $39,520 p.a!

Pay stamps on land only $4,908 (includes fees)

Council rates circa $1,600 p.a
Water rates circa $800 p.a

Gross Rental Yield of 8+%
Weekly holding expenses $131 (incl council rates, water rates, NRAS fee, property management fee and insurance)

Alkina Private Estate is nestled in just off Millar Road on the eastern side of the Freeway. This area is fast growing and home to many new families creating a close knit and supporting community.

With Perth City just 30 minutes north via the freeway and Mandurah 30 minutes south, this central location provides convenience to other established facilities such as Cockburn Central, Baldivis and Kwinana.

With some of Perth's most beautiful beaches within easy reach, your tenants can spend their weekends picnicking on the white sands and playing for hours in the clear blue waters. A short 6 minute drive from your new home is Wellard Square, Wellard's local shopping area where you will find Woolworths, restaurants, cafés, a bakery and retail stores. You will also find the Wellard Train Station there, where you can take advantage of both the Bus and Train services.

Visit the Empower Housing Group website https://www.empowerhousing.com.au for more information on the National Rental Affordability Scheme.

Contact Robert Kirk of Empower Housing Group on 1300 859 075 or [email protected] for an investors information pack tailored to your situation.
EXPAND…
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Inspection Times

Key Features

  • Air Conditioning
  • Built-in Wardrobes
Building Area
233square

Other Features

Broadband,Built In Robes,Close to Schools,Close to Shops,Close to Transport,Energy efficiency ratin
Last updated 12:28PM on Sep 27th 2017
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908 Bajamalu Drive7/50 Tanami Drive3/10 George StreetUnit 6/Lot 10 Goddard StreetUnit 11/Lot 10 Goddard Street17 Sameshima Gardens

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NRAS For Sale New Farm

7/710 BRUNSWICK STREET
New Farm QLD, 4005
More property from NRAS For Sale New Farm
908 Bajamalu Drive7/50 Tanami Drive3/10 George StreetUnit 6/Lot 10 Goddard StreetUnit 11/Lot 10 Goddard Street17 Sameshima Gardens
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