House

Chalmers Avenue, Waikiki WA

Located in Waikiki, this established family home offered an opportunity to secure a residential investment on a substantial 780sqm corner block in Perth’s southern coastal corridor.

purchase Price
$415,000
Purchase Date
December 2021
Sale type
Tender
Client Type
Residential Investor
Deposit
$41,500
Beds, Baths, Cars
3, 2, 1
$450,000
Equity Increase
108.43%
Total Capital Growth
1.39%
Monthly Capital Growth
16.72%
Annual Capital Growth

Why This Property

Sold for $415,000 in October 2021, the property featured three bedrooms, two bathrooms, a study and generous indoor and outdoor living areas. The swimming pool and covered entertaining area added lifestyle appeal, while the corner block provided additional space and potential for future enhancements, subject to relevant approvals. At the time of sale, the property was leased for $350 per week, representing an initial gross rental yield of approximately 4.4% based on the purchase price. With its sizeable land component, established family layout and position within the Rockingham region, the property presented an opportunity to combine rental income with potential long-term capital growth in Perth’s southern suburbs.

About Waikiki

For property investors, Waikiki presents an appealing combination of established housing, coastal amenity and relatively accessible entry points. The suburb is home to more than 12,000 residents and benefits from nearby Warnbro and Rockingham train stations, local schools and shopping, as well as easy access to the wider Rockingham area.

Local Government Area

Ashwin Sashi

Buyers Agent

Ashwin Sashi is a Commercial Buyers Agent at Opal Property Advisory, helping investors and business owners buy income-producing commercial property across every asset class - industrial, retail, A-grade office, medical, childcare and self-storage - in Sydney and Australia-wide.

"Opal Property Advisory did a really good job at backing it up with research every time."

Nicky
Sydney Buyer

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Hayden
Sydney Buyer

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Hugh
Sydney Buyer

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Hamish Le Compte
Sydney Buyer
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