2A NEWBURN ROAD HIGH WYCOMBE, WA 6057

32
Sold

Investors - only $1.83 a day

House Sold - HIGH WYCOMBE WA

Money can’t buy you happiness but it does bring you a more pleasant form of misery! Spike Milligan

Smart investors look here. For a total investment of $350,000 (not including stamp duty or legal fees) this Land & Building Package from First Abode for this brand new 3 bed 2 bath rear villa (128 sq.m of living space 182 sq.m under roof) on a super convenient 384 sq.m block would today be valued in the vicinity of $400,000 and rent for close on to $450 a week.
So convenient to Shops and transport in the heart of High Wycombe, this rear strata block of an effective 384 sqm of land is a steal at $175,000.

THE DEAL

$175,000+ The land 384 sq.m rear strata block
$19,000 Site Works Allowance * provisional sum
$143,000 Building Contract for 3 bed 2 bath new home
$12,500 Finishing costs, painting, floor coverings & curtains
$349,500 GRAND TOTAL

THE CASH FLOW
Using an assumed $80,000 per year income tax rate of 37 cents in the dollar, This property should be close to CASH FLOW POSITIVE from the day it rents out, given a market rent in the $450 per week range and the depreciation write offs available to investors on newly built homes.

INCOME
$23,400 (A) ANNUAL RENTAL INCOME = $450 per week X 52 weeks

OUTGOINGS
$24,500 7% interest per year in $350,000
$2,700 ANNUAL Water, Shire & Insurance costs
$2,400 Property Management Fees & Insurances
$29,600 (B) ANNUAL OUTGOINGS

B A = $29,600 – $23,400 = $6,200 (C) Before tax cash flow loss

$6,200 Cash Loss per year
$8,750 Depreciation at 5% of $175,000 worth of building expenses
$14,950 Taxable Loss
At 37 cents in the dollar X $14,950 = a tax return of $5,531.50 per year would be due to you

$6,200 cash loss – $5,531.50 tax return =
= $668.50 cost per year
= $55.00 cost per month
= $12.90 cost per week
= $1.83 cost per day

Jarrad Mahon – 0438 678 118
Property Sales & Subdivision Specialist

Property Features
  • Satellite
  • Transit
  • Bike
  • Comparables

Fast Facts about High Wycombe
  • Postcode is 6057
  • Local Council is Kalamunda
  • Investors Are Renovating, Subdividing, Developing, Buying New Villas
High Wycombe is an urban heaven for working families, fly in-out workers, first home buyers, and even leisure-seeking retirees. It has a mix of new houses that have recently been built to the south of the suburb, new villas around the suburb centre on Kalamunda Rd and older properties that are now being sub-divided and renovated.
High Wycombe remains an affordable address that is only 15km to the Perth CBD and very handy to the airports and nearby commercial center in Kewdale.
Over the last 3 years a lot of money has been spent upgrading the Village shopping centre on Kalamunda Rd, now having a tavern, coles, fast food and specialty stores. There is also a shopping center on Wittenoom Rd with the adjoining Boab Tavern and a strip shops on Newburn Rd. So wherever you are in High Wycombe it's just a short commute from shops, restaurants, schools, and businesses. For greater entertainment Midland Gate Shopping Center is a short drive up Roe Hwy with movie cinemas and a huge selection of restaurants.
Residents enjoy full access to some great recreational options around High Wycombe. The Flemming and Scott Reserves are a good option to stretch the legs and get your 30 minutes of exercise per day.
The suburb is served by the Swan and Path Transits’ Transperth bus services, making it a convenient place to live. The community is well setup for families with the following schools around the suburb- High Wycombe Primary, Edney Primary, and Matthew Gibney Catholic Primary Schools surrounding the area.
Recent Sales
  • $2.0M

    $1.6M

    $1.2M

    $800k

    $400K

# Street: Suburb: Type: Const: Features: B/B: Original Price: List Price: Sale Price: Sale Date: DOM: Listing Agency: Listing Agent:
36 36 Cyril Road High Wycombe House N/A 3BR 1BTH 1WCS 2CP A/C L 3 / 1 From $485,000 $480,000 06-10-2015 49 Centurion Real Estate Lee-anne Bettridge
19 19 Upton Road High Wycombe House N/A 3BR 1BTH 1WCS 2CP A/C L 3 / 1 Under Offer $400,000 01-01-1970 14 Carter Giorgi Real Estate Roger Sinfield
3 3 Magpie Court High Wycombe House N/A 4BR 2BTH 2WCS 1G 1CP D A/C L 4 / 2 $439,000 - $469,000 $455,000 01-01-1970 7 Professionals Stirling Clark Glen Newland
30 30 Newburn Road High Wycombe House N/A 4BR 2BTH 2WCS 2CP D A/C BGP L 4 / 2 $520,000 to $540,000 $510,000 01-01-1970 15 Professionals Stirling Clark Terry Pinker
262 262 Adelaide Street High Wycombe House Double Brick / Tile 4BR 2BTH 2WCS 1STRYS 2G D F A/C R GHWS GC SC SEP INS P EH L LDY 4 / 2 $559,000 $559,000 $550,000 05-12-2015 34 L.J. Hooker Kalamunda & Foothills Grant Winning

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Jarrad Mahon
Managing Director / Licensee
0403 659 753
It's all about GROWTH!
Jarrad Mahon is an experienced and passionate property investor, real estate agency owner and is the “Go To” for Perth property investment insights and practical strategies that work smarter to grow wealth in today’s market.
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Jarrad at Investors Edge exceeded my expectations! Jarrad was consistently contactable, responsive and thoughtful about every step of the process. Jarrad was punctual, intelligent and intuitive throughout this process. Jarrad at Investors Edge exceeded my expectations and it was a pleasure to deal with him at every stage.

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