Lot 141, Olsen Gardens, Byford Glades WA 6122 – The Glades at Byford

$500,840

  • 4
  • 2
  • 2
  • 225m²
  • H & L

The Glades at Byford offers a vibrant and family-friendly lifestyle in the growing suburb of Byford, located in Western Australia’s Serpentine-Jarrahdale region. With lush parklands, playgrounds, walking trails, and a community center, residents can enjoy an active and social lifestyle. The estate’s convenient location provides easy access to nearby schools, shops, cafes, and public transport, making it an ideal choice for families and commuters.

✅ Tonkin Highway Extension:
The Tonkin Highway Extension project involves extending the Tonkin Highway from Thomas Road to the South Western Highway, which will provide better access to the Byford area and improve traffic flow. The project is expected to cost around $852 million, with funding provided by the Western Australian and Federal Governments. The project is currently underway, with construction expected to be completed in 2023.

✅ Byford Town Centre:
The proposed Byford Town Centre development is a mixed-use project that will include retail, commercial, and community facilities. The project is being delivered by the Western Australian Planning Commission and the Shire of Serpentine-Jarrahdale, and is expected to cost around $240 million. The development is still in the planning stages, with construction expected to start in the coming years.

✅ Metronet Rail Project:
The Metronet rail project is a major public transport infrastructure project that aims to improve rail connectivity and reduce road congestion in the Perth metropolitan area. The project includes the construction of new rail lines, stations, and other transport infrastructure. The project is expected to cost around $6.8 billion, with funding provided by the Western Australian and Federal Governments. The project is expected to create around 20,000 jobs during construction and support long-term economic growth in the region.

✅ Western Trade Coast Industrial Precinct:
The Western Trade Coast is a major industrial precinct located in the south-west of Perth, which includes the Kwinana Industrial Area and the Australian Marine Complex. The precinct is home to a range of industries, including petrochemicals, manufacturing, and maritime services. The Western Australian Government has committed to investing $49.3 million in infrastructure upgrades for the precinct, which will help support the growth and competitiveness of local businesses.

→ Projected population increase by 2023: 93% (See: AreaSearch – Byford report below)

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Overview

  • $257.15/m

  • 5.78%

  • 5.71%

  • 0.35%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area150.09 m²
Build price$355,840
Land price$145,000
Title StatusRegistered
Contract typeSplit
Council Rates*$125/m
Water Rates*$40/m
Tax depreciation*$598.16/m
Rental Income*$2383.33/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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