13 Martin StreetSomerville WA 6430
Property Details for 13 Martin St, Somerville
13 Martin St, Somerville is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2001. The property has a land size of 532m2 and floor size of 180m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
Last Listing description (November 2024)
This beautifully presented two-storey home on Martin Street not only offers a fantastic living space but also an impressive investment opportunity. Priced at $490,000, this property comes with a secure three-year GROH (Government) lease, providing a steady income stream with a weekly rent of $800 and an annual market rent review.Let's break down the numbers:- Purchase Price: $490,000- Weekly Rent: $800- Annual Rent Income: $800 x 52 weeks = $41,600- Gross Rental Yield: ($41,600 / $490,000) x 100 = 8.49%Why is this property a standout investment?- High Rental Yield: At an attractive 8.49% gross rental yield, this property promises excellent returns compared to the market average.- Stable Income: With a secure three-year government lease, you can enjoy peace of mind and consistent cash flow.- Prime Location: Situated in a quiet yet central area, close to the Oasis Recreation Centre, the airport, shops, schools, and transport options.Inside, you'll find a spacious layout featuring four well-sized bedrooms, two bathrooms, a generous kitchen, and expansive open-plan living areas. The downstairs master bedroom comes with its own ensuite and walk-in robe.Step outside to a large paved patio area, perfect for alfresco entertaining, and neat, low-maintenance gardens.Don't miss this opportunity to secure a property with strong investment credentials. Contact Robert Gilmore today to arrange your viewing and make a smart move with this high-yield investment!Call now and secure your future!
Property History for 13 Martin St, Somerville, WA 6430
- 01 Oct 2024Sold for $485,000
- 13 Sep 2024Listed for Sale $490,000
- 01 May 2015Listed for Sale Not Disclosed
Recent sales nearby
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0About Somerville 6430
The size of Somerville is approximately 4.7 square kilometres. It has 10 parks covering nearly 15.0% of total area. The population of Somerville in 2016 was 4156 people. By 2021 the population was 4165 showing a population growth of 0.2% in the area during that time. The predominant age group in Somerville is 0-9 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation.In 2021, 59.50% of the homes in Somerville were owner-occupied compared with 59.00% in 2016.
Somerville has 1,826 properties. Over the last 5 years, Houses in Somerville have seen a 34.89% increase in median value, while Units have seen a 71.97% increase. As at 30 November 2025:
- The median value for Houses in Somerville is $631,079 while the median value for Units is $308,773.
- Houses have a median rent of $800 while Units have a median rent of $600.
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