Lot 38 Belches Loop, Seville Grove WA 6112

$419,319

  • 3
  • 2
  • 2
  • 208m²
  • H & L

Seville Grove, located approximately 24 kms southeast of Perth’s CBD, presents an inviting opportunity for astute investors. This thriving suburb seamlessly combines suburban comfort, capital growth potential, and an evolving community.

Investor Highlights:

Capital Growth: Seville Grove has demonstrated consistent capital growth, buoyed by its proximity to Perth, robust infrastructure, and urban development. Investors can anticipate property value appreciation. In the last 12 months to November 2023, median prices have risen by 10.99%.

Strong Rental Market: The family-friendly ambiance and proximity to essential amenities make Seville Grove a magnet for tenants, evidenced by its 7.19% rental yield. Outpacing the States average of 5.40%.

Infrastructure: Ongoing infrastructure projects, including road upgrades and public transport enhancements, further bolster the suburb’s attractiveness. The suburb’s proximity to key employment hubs, medical facilities, and shopping centres makes it an ideal location for both owner occupiers and investors investment choice.

Overview

  • $687.24/m

  • 9.06%

  • 7.19%

  • 0.94%

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 area124.97 m²
Build price$319,319
Land price$100,000
Contract typeSplit
Storeys1
Council Rates*$125/m
Water Rates*$37/m
Body Corp / Strata*$33/m
Tax depreciation*$515/m
Rental Income*$2513/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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