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Walcott St, North Perth

Exciting New Armchair Developer Project.

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Initial outlay by investors will be $124,000 with a further $274,000 upon completion. This Perth investment property will provide a potential capital gain of $92,000 and be cashflow positive property with an expected rent return between 7% to 9%



We will develop this site into eight, two bedroom, two bathroom units with double car spaces.   Completion should be within 12 to 14 months.



North Perth is located less than 5 km from the Perth CBD and has achieved a 10 yr growth rate of 10.4%/annum (source REIWA). It’s easy access and close proximity to the Perth CBD should provide certainty of investment over the long term. The mining resource boom in Western Australia is predicted to positively impact upon Perth investment property in the city’s inner ring. North Perth’s proximity to vibrant cultural and lifestyle opportunities make this an ideal investment location for the astute investor.

Being only 4.7km from the Perth CBD, the local area has a very well-established infrastructure and amenities.  This includes Edith Cowan University, Mt Lawley Senior High School, Tuart College, Lake Monger, Leederville and Glendalough train stations, Mitchell Freeway access, Transperth bus route, Dog Swamp Shopping Centre, Osborne Park Business Park and extensive retail along Scarborough Beach Road, Oxford and Fitzgerald Streets.


Project Overview:

Initial deposit $124,000
Construction costs $274,000
Total outlay to investor $398,000
Expected final market value $490,000
Expected capital gain $92,000
Expected Rent return unfurnished $550/week
Expected rent furnished $700/week.


Please note all these figures need to be confirmed and are only estimates at this stage.

The total cost to investors of $398,000 includes interest on construction loan, furniture, stamp duty, borrowing fees and  commissions .   Full details are available in the Information Memorandum (IM) for each project.

Investors need to be able to fund the initial deposit of $124,000 from other sources however the final borrowing can be against the  property.  Estimates indicate that if all funds are borrowed, the property will be cash flow neutral if not slightly positive



All investors are responsible for seeking their own tax advice, but they need to be aware that selling the property may attract both capital gains tax and GST.

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Disclaimer IMPORTANT:  This is not advice.  Clients should not act solely on the basis of the material contained inthis document.  Items herein are general comments only and do not constitute or convey advice per se.  Every effort is made to ensure the contents are accurate at the time of publication but clients need to be aware the figures are all estimates.  Clients should seek their own independent professional advice before making  any decision or taking action.  We take no responsibility for any subsequent action that may arise from the use of this document.  Published by Eos Property Group