Reiwa Reiwa
6/270 Fourth Street, Wonthella WA 6530

6/270 Fourth Street, Wonthella WA 6530

Sold price: $183,000
Sold
Sold: 24 Apr 2024

2 Bedrooms

1 Bathroom

Landsize 2,023m2

Unit

Contact the agent

Will McKenzie

0572532307

Harrison King

Professionals Geraldton


Investment opportunity Or Affordable Home!

Introducing Unit 6/270 Fourth St., a double-brick residence boasting 2 bedrooms and 1 bathroom. This property is a fantastic addition to your investment portfolio or an ideal first home if you're ready to break free from the rental cycle.

Nestled in the charming suburb of Wonthella, this unit offers convenience at your doorstep. Immerse yourself in the community as you're just a short walk away from schools, a bustling shopping center, vibrant sporting grounds, and the Aquareena public swimming pool.

The strategic location not only enhances your lifestyle but also adds significant value to your investment. In a market where rental vacancy rates remain at an all-time low, Unit 6/270 Fourth St. stands out with a rent appraisal of $280 per week. This impressive figure translates to a Gross Return on Investment (ROI) of 7.1%, a remarkable opportunity that you won't easily find elsewhere.

Furthermore, the property is currently occupied under a periodic lease, providing flexibility for both investors and potential owner-occupiers.

STRATA Levies: $1,997.04 per year
Council Rates: $1,960.00
Water Rates: $772.81

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate however may be subject to change without warning at any time and this is often out of our control. Prospective tenants & purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the agent and are expressly excluded from any contract.

Property features

Cost breakdown

  • Council rates: $1,960 / year
  • Water rates: $772 / year

Nearby schools

Allendale Primary School Primary Government 0.9km
Geraldton Grammar School Combined Non-government 1.2km
Geraldton Flexible Learning Centre Secondary Non-government 1.4km
Rangeway Primary School Primary Government 1.7km
Geraldton Christian College Combined Non-government 1.8km
St John's School Primary Non-government 2.2km
St Francis Xavier Primary School Primary Non-government 2.2km
St Lawrence's Primary School Primary Non-government 2.4km
Nagle Catholic College Secondary Non-government 2.7km
Geraldton Senior High School Secondary Government 2.7km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4778902