Lot 494 Wilkins Street, Bellevue WA 6056 – Robinson Grove

$691,775

  • 3
  • 2
  • 2
  • 377m²
  • H & L

Robinson Grove Estate presents a prime investment opportunity, offering a range of attractive features that make it an ideal choice for discerning investors. With its strategic location in a growing and vibrant area, Robinson Grove Estate is poised for long-term appreciation, making it an excellent addition to any investment portfolio. Robinson Grove Estate is a modern, well-designed development that offers a variety of residential options, including spacious and stylish apartments, townhouses, and detached houses. Its state-of-the-art amenities, including a swimming pool, gym, and landscaped gardens, ensure that residents enjoy a comfortable and convenient lifestyle.

Economic Drivers:

✅ METRONET: This is a major public transport infrastructure project being undertaken by the Western Australian government, which will extend and improve the city’s public transport network. The Forrestfield-Airport Link, part of the METRONET project, is due to open in 2022 and will provide direct train access to the Perth CBD from nearby Forrestfield. This will benefit Robinson Grove residents by providing a more convenient and efficient way to commute to the city.

✅ NorthLink WA: This is a $1.02 billion infrastructure project aimed at improving transport links between Morley and Muchea in Perth’s northern suburbs. The project includes the construction of a new highway, widening of existing roads, and upgrades to intersections and bridges. The project is expected to be completed by 2023 and will benefit Robinson Grove residents by improving connectivity and reducing travel times.

✅ Midland Health Campus: This is a state-of-the-art health facility located in nearby Midland, which provides a range of health services to the community. The facility includes a hospital, mental health services, and specialist clinics. This project provides Robinson Grove residents with access to high-quality health services close to home.

✅ Tonkin Gap project: This project involves the construction of a tunnel underneath the Tonkin Highway to improve traffic flow and reduce congestion. This project is expected to be completed by 2023 and will benefit Robinson Grove residents by improving connectivity to nearby areas and reducing travel times.

→ Check out the AreaSearch report below for the full economic report.

 

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Overview

  • $748.96/m

  • 2.31%

  • 5.64%

  • 0.25%

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
Title StatusRegistered
Contract typeSingle
Storeys1
Council Rates*$100/m
Water Rates*$80/m
Tax depreciation*$1214/m
Rental Income*$3250/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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