Lot 349, Citrine Way, Karnup WA 6176 – Vista Estate

$703,700

  • 5
  • 3
  • 3
  • 450m²
  • Dual Key

Dual-Key:
3 Bed / 2 Bath / 2 Car Garage (184.01m2)
+
2 Bed / 1 Bath / 1 Car Port (100.99m2)

Karnup offers a peaceful and relaxed lifestyle, with open spaces and scenic landscapes that provide a sense of tranquility. Residents can enjoy a slower pace of life and appreciate the natural beauty of the area.

Additionally, Karnup benefits from its strategic location, being in close proximity to essential amenities and major infrastructure projects. The forthcoming Karnup Train Station and the planned extension of the Kwinana Freeway will provide convenient transportation options, connecting residents to the Perth CBD and other key destinations.

Transport Infrastructure:

✅ Karnup Train Station: The Karnup Train Station is a major infrastructure project that aims to enhance public transport connectivity in the area. The station will be part of the extended Mandurah Line and is set to provide convenient access to Perth’s central business district and other key locations. The estimated completion date for the Karnup Train Station is expected to be in 2023.

✅ Kwinana Freeway Extension: The Kwinana Freeway Extension project involves extending the freeway southward to connect it with the future Karnup Train Station and the proposed Karnup Road interchange. This project aims to improve traffic flow and provide better transport options for residents. The estimated completion date for the Kwinana Freeway Extension is yet to be announced.

Employment Hubs:

✅ Mandurah: Located just south of Karnup, Mandurah serves as a major employment hub in the region. It offers a range of job opportunities across various sectors, including retail, hospitality, healthcare, education, and administration.

✅ Rockingham: Situated to the west of Karnup, Rockingham is another significant employment center. It has a diverse economy, with job prospects in industries such as manufacturing, construction, defense, tourism, and retail.

✅ Kwinana Industrial Area: The Kwinana Industrial Area, located north of Karnup, is a major industrial precinct and employment hub. It hosts a range of industrial and manufacturing facilities, providing employment opportunities in sectors such as oil and gas, petrochemicals, mining, and logistics.

→ Check out the info pack and AreaSearch report below to find out more about these projects and other important economic drivers.

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Overview

  • $976.52/m

  • 11%

  • 6.28%

  • 0.76%

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 area285 m²
Build price$485,700
Land price$218,000
Title StatusOctober 2023
Contract typeSplit
Storeys1
Council Rates*$125/m
Water Rates*$40/m
Tax depreciation*$1054.5/m
Rental Income*$3683/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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