Lot 836 Spectrum Street, Eglington

Turnkey house & land package in beachside suburb of Eglington, WA. Expected rental return of $850-$910 / week*, expected yield 6.2-6.6% / annum*. Ideal Perth investment!

About the suburb:

EGLINGTON

Median House Price: $512,000 (4-bedroom)
Median Rent: $515 / week
Vacancy Rate: 0.4%
Employment Hubs:
North West: Joondalup, Wangara, Yanchep, Pinjar, Nowergup, Jandabup
Current: 80,000+ Jobs
2050: 224,000+ Jobs

10 REASONS TO INVEST IN EGLINGTON:

– 0.4% vacancy rate
– Valuations are regularly coming in on the money, especially for estates West of Marmion Ave
– 17.5% rent increase in previous 12 months
– $550-580 rent per week for traditional 4/2/2 properties (supported by current rental appraisal)
– $850-910 rent per week for dual key properties (supported by current rental appraisal)
– Minutes from the beach
– Eglinton train station within walking distance (scheduled to open 2023)
– Freeway extension is scheduled for completion in 2023 and is estimated to save up to 9 mins travel time the CBD.
– Several public and private high schools and primary schools within 5 minute drive
– Less than 40 minutes from Perth CBD

About the Alara Estate:

– Masterplanned community by Satterley.
– 40 minutes to Perth CBD.
– Five minutes to the beach.
– Walking distance from the new Eglinton train station. The new station will be a 46-minute journey to Perth CBD and include a bus station. Completion is scheduled for 2023.
– Mitchell Freeway extension is underway with completion set for 2022. This will improve accessibility and save up to nine minutes in travel time to Perth CBD.
– Two private secondary schools and two public secondary schools are nearby, including the well-regarded Northshore Christian Grammar.
– Numerous local primary schools are nearby.
– A future secondary school and primary school are planned within walking distance.
– 20 minutes from the regional Lakeside Joondalup Shopping Centre and minutes from Yanchep Central, The Gateway Alkimos and Butler Central shopping centres.

About the builder:

50 years experience.
15,000 + homes nationally.
Three generations of builders in one family.

A family owned, West Australian company that believes in providing outstanding customer service, beautiful family homes and WA’s most accessible finance options.

The Prime Group is one of Western Australia’s most established home companies, and have experienced the highs and lows of the housing market. We understand that, now more than ever, our clients value honesty, trust and value for money.

What do you get when investing in Perth with Neway Property:

– Expert advice on Perth house & land, specific to your individual investment requirements.
– Complete report specific to your selected house & land package, including official rental appraisal, with expected weekly return & annual yield.
– Economic snapshot of your selected suburb, including median house price, median rent, vacancy rate, current/upcoming infrastructure, employment hubs + more.
– First rights to exclusive land in Perth’s hottest suburbs & most sought after estates.
– Quality new home design.
– Industry leading turnkey build inclusions, guarantees and warranties.
– Access to Australia’s top finance brokers and settlement agents.
– Top class Property Management service and rental agents..
– Full depreciation schedule for tax purposes.
– Comprehensive Perth property investor report every 3-6 months.