Here’s an example family home purchase I made earlier in 2024, for a buyer located overseas, who was looking to lease the property out for a few years and renovate before migrating to Perth WA.
Well-maintained and spacious 4×2 family home opposite a lush park
Property Highlights: 4 large bedrooms, 2 separate living areas, 2 bathrooms, 3 toilets, high vaulted ceilings to lounge and dining area with gas fireplace, ducted evaporative air-conditioning, automatic garage with parking for 2 cars in tandem, well-established gardens with bore reticulation. The property is in a quiet cul-de-sac opposite a nice park with playground. Well-located to schools, shops & transport links.
Property Profile:
- Purchase price $1,140,000
- Market value at purchase $1,180,000 – $1,200,000
- Rent estimate $800 – $850 per week
- Gross Yield 3.76% p.a.
- Year built 1980
- Dwelling type & lot size: House on 711 sqm block
This type of property would be ideal for a savvy buyer looking for a family-friendly location in one of Perth’s top school zones. With mostly land value, the home offers ample opportunity to add significant value through thoughtful renovations, creating equity while enjoying high-quality finishes for their family’s future.
Let me simplify your next property decision with a tailored approach.
Ray Chua 