5 Banyan StreetKununurra WA 6743
Property Details for 5 Banyan St, Kununurra
5 Banyan St, Kununurra is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1984. The property has a land size of 1181m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (January 2024)
Opportunity to purchase this solid brick duplex situated in Lakeside. Both sides offer three bedrooms, one bathroom, a separate lounge room that could also be utilised as a fourth bedroom as there is also a spacious living area adjacent to the kitchen. These units have enjoyed a long rental history and are currently both under corporate leases to the same company until early 2024, each returning $450 per week. Both units have high quality steel mesh security screens to all windows to provide security for both the asset and the tenants.
The units are spacious with a practical layout and are situated on a corner block. Currently sitting on one title, potential for converting to strata title subject to relevant approvals. If successfully strata titled, the units can then be sold individually. Plenty of opportunity to improve the appeal of the units to future tenants and buyers by undertaking some cosmetic refurbishments and work to the front and back yards. Excellent opportunity to invest and enjoy the security of the corporate tenancies in place currently providing a gross return in excess of 9%.
*We have used a mixture of file photos of the units and some images have been digitally staged with furniture
Property History for 5 Banyan St, Kununurra, WA 6743
- 04 May 2023Listed for Sale $499,000
- 10 Feb 2023Listed for Rent $450 / week
- 06 Sep 2022Listed for Rent $450 / week
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About Kununurra 6743
The size of Kununurra is approximately 2173.9 square kilometres. There are 15 parks, covering nearly 28.0% of the total area. The population of Kununurra in 2016 was 5308 people. By 2021 the population was 5494 showing a population growth of 3.5% in the area during that time. The predominant age group in Kununurra is 30-39 years. Households in Kununurra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kununurra work in a professional occupation.In 2021, 31.50% of the homes in Kununurra were owner-occupied compared with 34.60% in 2016.
Kununurra has 2,831 properties. Over the last 5 years, Houses in Kununurra have seen a 52.78% increase in median value, while Units have seen a 60.07% increase. As at 30 April 2026:
- The median value for Houses in Kununurra is $439,933 while the median value for Units is $412,218.
- Houses have a median rent of $720 while Units have a median rent of $560.
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