5 Elward WayBalga WA 6061
Property Details for 5 Elward Way, Balga
5 Elward Way, Balga is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 769m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (May 2024)
Welcome to a realm of abundant possibilities with this outstanding property.
This is your chance to secure an investment that offers not just one, but multiple options for your future. Whether you seek a comfortable home, desire lucrative rental returns, or have grand development dreams, this property has it all!
Option 1: Live Comfortably:
Option 2: Lease for Strong Rental Returns:
Take advantage of the current market conditions, where rentals are in high demand. With low availability, your investment can become a passive income generator. Sit back and watch as your rental returns soar, providing a solid financial foundation for your future.
Option 3: Develop to Maximize Potential:
Unleash your creativity and seize the opportunity to develop this property into something extraordinary. Demolish and build multiple villas to cater to the growing demand for quality housing. Alternatively, retain the existing house and subdivide the rear block to unlock its full potential. The choice is yours, limited only by your imagination.
Don't miss out on this incredible chance to secure your financial future. This property offers flexibility, adaptability, and a multitude of options. Act now to take advantage of the ever-growing real estate market and make your dreams a reality.
Contact us today to arrange a viewing and explore the fantastic opportunities that await you!
Property History for 5 Elward Way, Balga, WA 6061
- 15 Jun 2023Sold for $465,000
- 12 Jun 2023Listed for Sale SOLD!
- 09 May 2022Listed for Rent - Price not available
Recent sales nearby
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0About Balga 6061
The size of Balga is approximately 5.2 square kilometres. It has 38 parks covering nearly 14.5% of total area. The population of Balga in 2016 was 12685 people. By 2021 the population was 13864 showing a population growth of 9.3% in the area during that time. The predominant age group in Balga is 30-39 years. Households in Balga are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Balga work in a community and personal service occupation.In 2021, 48.60% of the homes in Balga were owner-occupied compared with 50.60% in 2016.
Balga has 7,794 properties. Over the last 5 years, Houses in Balga have seen a 152.47% increase in median value, while Units have seen a 167.68% increase. As at 30 April 2026:
- The median value for Houses in Balga is $835,699 while the median value for Units is $733,049.
- Houses have a median rent of $680 while Units have a median rent of $680.
Suburb Insights for Balga 6061
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