8/13 Francis StreetGeraldton WA 6530
Property Details for 8/13 Francis St, Geraldton
8/13 Francis St, Geraldton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 99m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in July 2010.
Last Listing description (September 2024)
Recently renovated 2 bedroom unit located perfectly, close to town, shops, beach and restaurants.
This property would suit an investor looking to have a piece of the Geraldton market in their portfolio with an opportunity to collect a healthy return on investment now and with the rental market at extremely tight vacancy rate a high probability of rent increases in at least the short to medium time frame and with this the knock on affect to capital value. In a very neat complex of fifteen units with this one probably the pick of the lot.
Location is fantastic walking distance to town it has a extremely good rental history with the current tenant has a lease until May 2025 at $310pw with a rent review in December.
To arrange an inspection call the exclusive listing agent Mike Paterson on 0408 953 962.
- Shire Rates $2,000 per annum approx.
- Water Rates $1,300 per annum approx.
- Strata Fees $900 per 1/4 Approx.
Disclaimer:
Every effort has been made to ensure the accuracy of this advertisement, but accuracy cannot be guaranteed. The information provided is believed to be accurate but may be subject to change. Prospective buyers should verify all details and conduct their own inquiries. This advertisement does not constitute a representation by the owner or agent and is not included in any contract.
Property History for 8/13 Francis St, Geraldton, WA 6530
- 26 Sep 2024Listed for Sale Not Disclosed
- 08 Mar 2023Listed for Rent $280 / week
- 27 Jun 2019Listed for Rent $220 / week
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About 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 2,422 properties. Over the last 5 years, Houses in Geraldton have seen a 119.08% increase in median value, while Units have seen a 72.53% increase. As at 31 October 2024:
- The median value for Houses in Geraldton is $400,877 while the median value for Units is $313,268.
- Houses have a median rent of $450 while Units have a median rent of $315.
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