45 Wanderer Concourse, Wandina WA 6530

Positioned in the established suburb of Wandina, 45 Wanderer Concourse presents a clean, low-risk investment with immediate income and a clear pathway for rental growth. The property is currently leased to a government tenant at $650 per week, with the lease running through to November 2026. Importantly, the next rent review occurs in June 2026, allowing for an increase of up to maximum 15%, well before lease expiry. Based on a recent appraisal by our property management team, current market rent is estimated at $700 per week, highlighting near-term upside. Built circa 2012, this modern brick and tile home offers a practical, tenant-friendly layout on a fully fenced 645m² block. The combination of strong construction, and proven rental demand underpins its appeal as a long-term hold. The location further supports tenant retention, with shopping, schools, childcare and the Geraldton CBD all within easy reach. Property features: • Approx. 645m² fully fenced block • Double brick with tile roof • 4 bedrooms, 2 bathrooms • Walk-in robe and ensuite to master • Built-in robes to minor bedrooms • Open-plan kitchen, living and dining • Separate office/media room plus theatre • Reverse-cycle air-conditioning to master and main living • North-facing patio • Double garage • Approx. 27m² steel-frame Colorbond shed with gated side access • Natural gas and NBN connected Outgoings (approx.): • Council rates: $3,400 p.a. • Water rates: $1,603.19 p.a. For further details, contact Will McKenzie on 0419 919 590.