A Unique Investment Opportunity on a Spacious 8252 sqm Block with Subdivision Potential

Situated on a generous 8252 sqm block, this property offers an incredible investment opportunity with an exceptional tenant already in place. Whether you're seeking a sizable landholding, a property with room to breathe, or a place that comes with an impressive shed, this property delivers it all.

The real value lies in the land, with the home and shed offering additional benefits. With a stable income stream from the tenant or the option to live in the home while planning future projects, this is a prime opportunity. The land is zoned R20, with potential for subdivision into 12 lots, subject to council approval-making this an exciting long-term prospect.

The house, built in 1935, has a vintage charm and character. The home still stands on some of its original old stumps, with the bark still intact, offering a nostalgic touch. Inside, the spacious rooms are both practical and welcoming. While the kitchen remains basic with the original meters stove, the rustic jarrah floorboards throughout add warmth and character. Recent upgrades include fresh carpet in some rooms, a fresh coat of paint, and an updated bathroom, blending modern comfort with vintage appeal.

The massive shed with a concrete slab is a standout feature, providing ample space for storage or workshop needs.

Property Details:

Proposed Lot 120
8252 sqm with 116.16 m frontage, zoned R20 (subdivision potential for 12 lots, subject to council approval)
City of Greater Geraldton council rates approx. $2,400 per annum
Water rates approx. $290 per annum
Built in 1935
Current tenancy at $280 per week, lease until 10/09/2025

This is your chance to secure a solid investment with great long-term potential. Don't miss out on this unique opportunity!

Explore the area

School catchments

Waggrakine Primary School Primary K-6 Government 0.34km
Bluff Point Primary School Primary K-6 Government 3.0km
St Lawrence's Primary School Primary PP-6 Catholic 3.5km
Meekatharra School Of The Air Primary K-6 Government 3.6km
Geraldton Christian College Combined PP-12 Independent 3.9km
Leaning Tree Steiner School - Glenfield Campus Combined Independent 4.0km
Leaning Tree Steiner School Combined PP-9 Independent 4.0km
Allendale Primary School Primary K-6 Government 5.4km
Geraldton Grammar School Combined PP-12 Independent 5.5km
Rangeway Primary School Primary K-6 Government 7.0km
St Francis Xavier Primary School Primary PP-6 Catholic 7.1km
Nagle Catholic College Secondary 7-12 Catholic 7.3km
St John's School Primary PP-6 Catholic 7.4km
Geraldton Senior High School Secondary 7-12 Government 7.5km
Geraldton Primary School Primary K-6 Government 7.5km
Beachlands Primary School Primary K-6 Government 8.5km
Champion Bay Senior High School Secondary 7-12 Government 8.6km
Mount Tarcoola Primary School Primary K-6 Government 9.3km
Northampton District High School Combined K-10 Government 40.6km
Dongara District High School Combined K-12 Government 65.4km
Mullewa District High School Combined K-12 Government 87.4km
Kalbarri District High School Combined K-12 Government 121.2km
Western Australian College Of Agriculture - Morawa Secondary 10-12 Government 143.5km
Morawa District High School Combined K-12 Government 143.7km
Carnamah District High School Combined K-12 Government 162.4km
Jurien Bay District High School Combined K-12 Government 180.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.