$199,000

With nice fresh paint, lovely warm modern timber floors, a spaciously balcony, pleasant views, an updated bathroom and a allocated under cover car bay, this is a great apartment ready for you to move-in or purchase as an extremely affordable rental investment. Being located at the end of the complex this apartment has no common walls either side, giving you the maximum amount of privacy too. It’s hard to believe that there are still such affordable properties available less than 6kms from the city centre! Make sure you check this one out fast, as we don’t think it will last long.

Madison Heights at 3 Sherwood Street Maylands, although originally built in 1971, has been extensively renovated in recent years with renewed lift interiors, walkways and full external painting and landscaping, giving it a lovely modern feel outside and a lush green atrium garden courtyard inside which is very popular with buyers and residents. The complex is very centrally located just 300m or a few minutes walk from Coles supermarket, around 500m to Gibbney Reserve, approximately 1km to the Café Strip & Maylands Train Station and around 5.2kms to Perth City Centre.

Features at a Glance:

• 1 Bedroom 1 Bathroom 1 Balcony 1 Under Cover Carbay

• 42m2 internally + 4m2 balcony + 14m2 carbay = 60m2 Total on strata plan

• Wide 4m2 balcony with pleasant views

• Central location close to shops/river/public transport. Around 300m to the Coles Maylands, around 500m to Gibbney Reserve, approximately 1km to the Café Strip & Maylands Train Station and around 5.2kms to Perth City Centre

• Complex built in 1971 but recently extensively renovated

• Potential rental return of around $360/week (currently vacant, but we manage others in the complex and can help you find a tenant quickly)

• Strata Admin $499/qtr + Reserve $135/qtr = $634/qtr

• Council Rates: $1,657.11 p.a. Water Rates: around $874 p.a.