SOLD
Sold on 08 Aug 2024 for $375,000

31A Abraham Street
Karloo WA 6530

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 74m2
Land area: 72m2
Sold By
Mike Paterson
Professionals Geraldton
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Property Details for 31a Abraham St, Karloo

31a Abraham St, Karloo is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1979. The property has a land size of 72m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom House sold in Karloo in the last 12 months.

Building Type
House
Year Built
1979
Floor Size
74m2
Land Size
72m2
Local Government
Greater Geraldton
Lot/Plan
1/S006376

Last Listing description (October 2024)

Investors read on here is an opportunity to purchase a unique opportunity with solid rent returns & an amazing return on investment.
Property Details;
Two x two bedroom one bathroom units.

Brick & tile construction.
Total land area approx 950m2.
Floor tiles throughout.
Carport each unit.

Investment details;
Tenants to both units paying $240 per week each.
Both tenants have leased for extended period one has been there for more than a decade.
Excellent track record for occupancy.
Being sold as one however each unit has individual title.
NO STRATA FEES APLY.
- Shire Rates $3,600 ( $1,800per Unit)

General Information on area;
Geraldton is experiencing high demand for rental property with, yields at very healthy levels.
Current sales volumes are high and investment opportunities of this type & price point .
Geraldton is a large regional Centre by WA standards with a population in excess of 35,000 and growing, Industry includes mining (close proximity to), Cray fishing (rock lobster), Prawn, Scallop nearby, Wheat Farming, Wind Turbines, Ska project & proposed hydrogen hub just to the north seals the deal on this being no one trick pony as far a diversity is concerned.
For more information or to arrange an inspection please call exclusive listing agent Mike Paterson 00408 953 962.

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 History for 31a Abraham St, Karloo, WA 6530

A timeline of how this property has performed in the market
Last Sold
$375,000
08 Aug 2024
Listed for Rent
$180/w
16 Nov 2016
  • 12 Aug 2024
    Listed for Sale UNDER CONTRACT
  • 08 Aug 2024
    Sold for $375,000
  • 14 Oct 2016
    Listed for Rent $180 / week
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About Karloo 6530

The size of Karloo is approximately 3.9 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Karloo in 2011 was 650 people. By 2016 the population was 590 showing a population decline of 9.2% in the area during that time. The predominant age group in Karloo is 0-9 years. Households in Karloo are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karloo work in a labourer occupation. In 2011, 52.9% of the homes in Karloo were owner-occupied compared with 51.5% in 2016.

Karloo has 263 properties. Over the last 5 years, Houses in Karloo have seen a 174.01% increase in median value. As at 30 November 2024:

  • The median value for Houses in Karloo is $306,675 while the median value for Units is $209,492.
  • Houses have a median rent of $425.
There are currently 1 property listed for sale, and 1 property listed for rent in Karloo on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Karloo.

Suburb Insights for Karloo 6530

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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.