2/42 Challis RoadArmadale WA 6112
Property Details for 2/42 Challis Rd, Armadale
Last Listing description (November 2018)
This property exceeds in rental return - 5.75% rental yield, currently both shops are leased to tenancies with 5 + 5 year leases.
A total of three strata titled shops make up this convenient neighborhood complex, with no strata levies.
We are offering for sale two of the three strata titled shops of double brick and iron construction , both shops with a total of 503sqm of leasable area.
Ample customer parking for all the shops in the complex with rear loading bays to each individual shop via security gates.
The owner is keen to sell and move on, let this be your opportunity to include this great investment in your property portfolio.
Call Simon Pattullo for more information Mb: 0418 881 152 or Email simon.pattullo@acton.com.au
Property History for 2/42 Challis Rd, Armadale, WA 6112
- 19 Apr 2018Listed for Sale $670,000
- 15 May 2017Listed for Rent $42,000 / year
- 13 Dec 2015Sold for $640,000
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About Armadale 6112
The size of Armadale is approximately 8.3 square kilometres. It has 38 parks covering nearly 8.1% of total area. The population of Armadale in 2016 was 13619 people. By 2021 the population was 13415 showing a population decline of 1.5% in the area during that time. The predominant age group in Armadale is 20-29 years. Households in Armadale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armadale work in a trades occupation.In 2021, 54.30% of the homes in Armadale were owner-occupied compared with 54.80% in 2016.
Armadale has 7,300 properties. Over the last 5 years, Houses in Armadale have seen a 185.13% increase in median value, while Units have seen a 218.71% increase. As at 31 March 2026:
- The median value for Houses in Armadale is $734,920 while the median value for Units is $619,446.
- Houses have a median rent of $600 while Units have a median rent of $560.
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