13/26 Johnston StreetGeraldton WA 6530
Property Details for 13/26 Johnston St, Geraldton
13/26 Johnston St, Geraldton is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2015. The property has a land size of 281m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Geraldton in the last 12 months.
Last Listing description (May 2024)
Located on Johnston Street, offering unmatched convenience to schools, shops, hospitals, and more. This exceptional 2-bedroom, 1-bathroom lock and leave detached unit showcases exquisite craftsmanship, featuring premium finishes such as stone bench tops, a beautifully tiled open plan kitchen, dining, and lounge area, along with air conditioning and an abundance of natural light. The property is thoughtfully designed to provide maximum comfort and requires minimal upkeep, thanks to its fully fenced and low-maintenance features.
The current fixed term tenancy comes to an end in May 2024 so vacant possession could be available!! Conversely the most recent rental appraisal is $430-$450p/wk, that matches the current NRAS lease that is in currently in place.
What makes this investment even more enticing is its participation in the National Rent Affordability Scheme (NRAS). Currently occupied by a tenant, this property not only generates a steady income but also benefits from the NRAS incentives. By leveraging the government incentives for the financial year, the current tenancy offers an impressive rental income of equivalently $450 per week!
The advantages don't stop there. As an investor, you have the flexibility to choose how you utilize the additional financial benefit. You can opt to receive a lump sum of *$11,168, providing an immediate boost to your financial portfolio. Alternatively, you can use it as a tax offset, reducing your overall tax obligations and maximizing your returns.
Call Team McKenzie on 0473 532 307
Property History for 13/26 Johnston St, Geraldton, WA 6530
- 19 Mar 2024Sold for $295,000
- 20 Jul 2023Listed for Sale Not Disclosed
- 18 Mar 2019Listed for Rent - Price not available
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0About Geraldton 6530
The size of Geraldton is approximately 4.5 square kilometres. It has 6 parks covering nearly 2.4% of total area. The population of Geraldton in 2011 was 3,461 people. By 2016 the population was 3,138 showing a population decline of 9.3% in the area during that time. The predominant age group in Geraldton is 50-59 years. Households in Geraldton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Geraldton work in a professional occupation. In 2011, 50.5% of the homes in Geraldton were owner-occupied compared with 48.9% in 2016.
Geraldton has 2,428 properties. Over the last 5 years, Houses in Geraldton have seen a 115.27% increase in median value, while Units have seen a 46.83% increase. As at 31 July 2024:
- The median value for Houses in Geraldton is $373,706 while the median value for Units is $280,232.
- Houses have a median rent of $450 while Units have a median rent of $300.
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