FOR SALE
Under Offer!!

51 Spence Street
Ravensthorpe WA 6346

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 1012m2
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Double Earnings, One Investment: Maximise Returns Now!

Unlock the potential of your investment with this unique opportunity - double the returns, double the value at this new price! This property features not one, but two units, providing an exceptional investment strategy that outshines traditional options. Say goodbye to meager bank returns; here, you have fantastic opportunity for better.
Each unit boasts two bedrooms and one bathroom, offering comfortable and secure living spaces with tidy interiors and rear access to private backyards. Currently, both units are each rented at $330 per week (total $660/week) until October 2024, showcasing a history of consistent earnings and making this property a reliable income generator.
Situated on a lovely quarter-acre block in the heart of town, this investment gem has been well maintained by the current owners. The central location allows for convenient walks to nearby shops, pubs, and other amenities, enhancing the property's desirability and potential for attracting quality tenants.
Don't miss out on this prime investment opportunity! Schedule your exclusive viewing by appointment only and witness firsthand the unparalleled value that awaits you. Double the investment, double the returns - seize this chance to elevate your investment portfolio to new heights.

Property Details for 51 Spence St, Ravensthorpe

51 Spence St, Ravensthorpe is a 4 bedroom, 2 bathroom House. The property has a land size of 1012m2. The place is currently for sale with Ray White Rural (South Coast WA) - Hopetoun.

Building Type
House
Land Size
1012m2

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About Ravensthorpe 6346

The size of Ravensthorpe is approximately 2,540.8 square kilometres. It has 15 parks covering nearly 5.8% of total area. The population of Ravensthorpe in 2011 was 391 people. By 2016 the population was 482 showing a population growth of 23.3% in the area during that time. The predominant age group in Ravensthorpe is 50-59 years. Households in Ravensthorpe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ravensthorpe work in a managers occupation. In 2011, 47.9% of the homes in Ravensthorpe were owner-occupied compared with 56.4% in 2016.

Ravensthorpe has 929 properties. Over the last 5 years, Houses in Ravensthorpe have seen a 85.45% increase in median value, while Units have seen a 27.35% increase. As at 31 October 2024:

  • The median value for Houses in Ravensthorpe is $214,415 while the median value for Units is $368,259.
  • Houses have a median rent of $385.
There are currently 27 properties listed for sale, and 11 properties listed for rent in Ravensthorpe on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Ravensthorpe.

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Wendy Howell
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Ray White Rural (South Coast WA) - Hopetoun
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