SOLD
Sold on 31 Jul 2024 for $742,500

5 George Street
Bunbury WA 6230

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 250m2
Land area: 713m2
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Property Details for 5 George St, Bunbury

5 George St, Bunbury is a 2 bedroom, 1 bathroom House and was built in 1920. The property has a land size of 713m2 and floor size of 250m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom House sold in Bunbury in the last 12 months.

Building Type
House
Year Built
1920
Floor Size
250m2
Land Size
713m2
Local Government
Bunbury
Lot/Plan
2/D005511

Last Listing description (September 2024)

Here is a fantastic investment opportunity located just minutes from the CBD and all the amenities of South Bunbury at your doorstep. The incredibly well-presented home has been beautifully restored with high ceilings and original timber-clad walls 2 huge bedrooms with WIR in the master bedroom and split system AC. The lounge area is cosy with an abundance of natural light to fill the space during the day, with a separate dining room of a very similar size and nature, leading into the fully renovated kitchen with 900mm oven, and tasteful and simple decor, with excellent storage space. The bathroom has also been renovated and in keeping with the heritage style, is immaculate in presentation. There is a huge shed at the rear of approximately 250m2 that is currently leased to a local company for over $2400 per month and due to increase soon with a rent review. Combining this with the rental potential of the house of a conservative $400 per week in the current market ($450 would be easily achievable) will give you a rental income of almost $50,000 per annum. The property also has solar panels, which makes your power bills negligible. This property is a blue chip investment and location, with excellent returns, be quick because properties like this are not common that can provide dual income options. Contact Exclusive Agent Jason Gard for more details and to arrange a personal inspection today.

Property History for 5 George St, Bunbury, WA 6230

A timeline of how this property has performed in the market
Last Sold
$742,500
31 Jul 2024
  • 31 Jul 2024
    Sold for $742,500
  • 08 Sep 2023
    Listed for Sale Not Disclosed
  • 19 Mar 2011
    Listed for Sale $650,000
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About Bunbury 6230

The size of Bunbury is approximately 4.6 square kilometres. It has 18 parks covering nearly 18.9% of total area. The population of Bunbury in 2011 was 3,629 people. By 2016 the population was 3,758 showing a population growth of 3.6% in the area during that time. The predominant age group in Bunbury is 50-59 years. Households in Bunbury are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bunbury work in a professional occupation. In 2011, 53.5% of the homes in Bunbury were owner-occupied compared with 58% in 2016.

Bunbury has 3,229 properties. Over the last 5 years, Houses in Bunbury have seen a 62.24% increase in median value, while Units have seen a 103.76% increase. As at 31 October 2024:

  • The median value for Houses in Bunbury is $675,644 while the median value for Units is $512,314.
  • Houses have a median rent of $640 while Units have a median rent of $600.
There are currently 44 properties listed for sale, and 8 properties listed for rent in Bunbury on OnTheHouse. According to CoreLogic's data, 182 properties were sold in the past 12 months in Bunbury.

Suburb Insights for Bunbury 6230

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Jason Gard
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Gard Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.