Lot 57 Binninup Terrace Eglinton WA 6034 – East of the Beach Estate

$570,700

  • 4
  • 2
  • 2
  • 375m²
  • H & L

East of the Beach Estate is a premium residential development located in the coastal suburb of Scarborough, Western Australia. Developed by Finbar Group Limited, one of the leading property developers in Perth, the estate offers a luxurious beachside lifestyle just 14km from Perth’s CBD.

East of the Beach Estate features a range of luxurious apartments, catering to a variety of buyers, including young professionals and downsizers. The development boasts exceptional community facilities, including a rooftop garden, gym, and pool.

Scarborough is a highly sought-after suburb with a strong demand for high-quality apartment living, making East of the Beach Estate a prime investment opportunity. The estate is located near major transport links, including the Scarborough Beach Road, offering easy access to Perth’s CBD and beyond.

With its luxurious design, prime location, and strong demand, East of the Beach Estate presents a unique opportunity for investors seeking to capitalise on the growing property market in Western Australia.

Overview

  • $197.00/m

  • 7.6%

  • 5.28%

  • 0.74%

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 m²
Build price$348,700
Land price$222,000
Title StatusRegistered
Contract typeSplit
Storeys1
Council Rates*$110/m
Water Rates*$40/m
Body Corp / Strata*$0.00/m
Tax depreciation*$750/m
Rental Income*$2513.33/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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