5/124 First Avenue, Bassendean, WA, 6054, Australia

Welcome home to this modern two-bedroom, two-bathroom apartment positioned in an elevated location, within a secure Bassendean complex. Offering a light-filled interior, large balcony with street views, and a contemporary design throughout, this home is perfectly positioned to be your next choice.

The open-plan living area features split-cycle air conditioning and flows seamlessly to the private balcony, creating a bright and relaxed atmosphere ideal for entertaining or enjoying a morning coffee. The kitchen comes equipped with modern cabinetry, stainless steel appliances, and ample storage, while both bedrooms are generously suited with built-in robes and air conditioning.

With a secure parking bay and a convenient central location, this apartment offers easy living close to Bassendean's shops, cafés, and transport links. Currently leased out, it offers an immediate investment opportunity.

Property Highlights:
• Two-bedroom, two-bathroom apartment
• Elevated position within the complex
• Spacious open-plan layout, leading out to balcony
• Split-cycle air conditioning to the living area PLUS to both bedrooms!
• Large windows for lots of natural light throughout
• Kitchen with modern cabinetry, overhead rangehood, built-in oven, gas hotplates and stainless steel appliances
• Large balcony with elevated street views
• Both bedrooms feature mirrored built-in robes
• Tucked- away internal laundry area
• Allocated undercover single parking bay
• Lockable storage room

Investor Summary:
• This property is currently leased on a fixed term basis until October 2026 for $650 per week, providing a great ongoing investment opportunity
• At a purchase price of $629,000 and rent of $650/week, the estimated gross annual rental yield is 5.39%

Rates & Fees Estimation:
• Council Rates: Approx. $1,982.65
• Water Rates: Approx. $1,138.98
• Strata Fees: Approx. $668.35 / quarter

Location Summary:
• Central location in Bassendean, close to all amenities
• 1km to Bassendean Train Station - direct access to Perth CBD
• 1.6km to Coles Bassendean - with surrounding retail shops, cafe's, and restaurants
• 400m to Ida Street Supermarket and Eden Hill Primary School
• 1.5km to Anzac Terrace Primary School
• Easy access to Guildford Road and Tonkin Hwy for commuting

Providing excellent flexibility and instant appeal, whether you’re looking to move in or secure a reliable investment, this apartment combines comfort, convenience, and excellent value. Contact Adam Bettison on 0409 929 128 today for more information or to book an inspection!