38 Dempster Street
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About this property
Set on a substantial 1535sqm block zoned R40, this outstanding investment opportunity offers immediate income potential with existing infrastructure already in place. The property comprises an older style 3 bedroom, 1 bathroom main residence, along with two, 2 bedroom fibro duplex units and two, 2 bedroom brick duplex units, providing a total of five lettable dwellings on one impressive holding. With an estimated combined rental return of approximately $88,400 per annum, this property offers an attractive gross return of approximately 6%, making it a smart and viable addition to any investment portfolio. Ideally positioned with main street frontage and the added bonus of rear lane access, and conveniently located close to both the beach and town centre, this is an opportunity not to be missed.
Property Details
- Property Type
- house
- Listing Type
- Sold
- Bedrooms
- 11
- Bathrooms
- 5
- Parking
- 1
- Land Area
- 1535 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Esperance
This 11-bedroom house in Esperance, WA 6450 sits within reach of local shops and nearby schools. It is listed 118% above the $595,000 median of 55 comparable houseswithin 5 km.
Schools near Esperance
- Castletown Primary Schoolprimary · K-6 · CoEd
- Esperance Christian Schoolprimary · PP-6 · CoEd
- Esperance Primary Schoolprimary · K-6 · CoEd
- Nulsen Primary Schoolprimary · K-6 · CoEd
- Our Lady Star of the Sea Catholic Primary Schoolprimary · PP-6 · CoEd
- Esperance Anglican Community Schoolsecondary · 7-12 · CoEd
What's nearby
- South Coast Ink — 204 m away
- The Esplande — 153 m away
- Museum Park — 304 m away
- James Street Park — 515 m away
Esperance at a glance
Full suburb profile- Population
- 2,080
- Median age
- 52
- Household income
- $1,087/wk
- Median rent
- $235/wk
- Median mortgage
- $1,500/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Esperance price trend
Median sold · House 3 bed
Compound growth +15.3% / yr over 4 yrs
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