Set on a generous 803sqm block, this solid 4-bedroom, 1-bathroom brick-and-tile home is a reliable investment in a popular northern suburb. Built in 1992, the property is currently leased at $390 per week, on a periodic basis, providing immediate rental income from settlement.
A tidy and functional residence with established tenants, it’s a great option for investors looking for a set-and-forget opportunity or even a future owner-occupier looking to secure something now while prices remain attractive.
• 4 bedrooms, 1 bathroom
• Large 803sqm block
• Brick & tile construction
• Built in the 90’s
• Side access to double lock up garage.
• Open plan kitchen/dining
• Air conditioning
• Currently leased at $390 per week. Tenant happy to stay on
Investment Snapshot:
• Rental income: $390 per week
• Gross rental yield: Approx. 5.08%
Council Rates: $2,448.00 approx. p/a
Water Rates: $1,335.26 approx. p/a
This property sits below the current median house price for Waggrakine and offers a rental return above the suburb average. It presents great value for money in a growing family-friendly suburb just 10 minutes from Geraldton CBD.
Contact Will McKenzie at Professionals Geraldton today for more information or to arrange a private viewing.