SOLD
Sold on 25 Mar 2024 for $425,000

8 Olive Street
Mahomets Flats WA 6530

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 130m2
Land area: 399m2
Sold By
Jim Quinn
Geraldton Property Team
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Property Details for 8 Olive St, Mahomets Flats

8 Olive St, Mahomets Flats is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1993. The property has a land size of 399m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom Unit sold in Mahomets Flats in the last 12 months.

Building Type
Unit
Year Built
1993
Floor Size
130m2
Land Size
399m2
Local Government
Greater Geraldton
Lot/Plan
3/S027590

Last Listing description (May 2024)

We present this three-bedroom, two-bathroom strata titled property with no strata fee's payable. A short stroll to the beach, with the dog park right next door, this is the perfect home for your next investment, or you can purchase and move straight in! An expected rental return of $450 to $500 per week. Key features include:- Formal front lounge- Split system air-conditioning in lounge room and master bedroom - Open plan kitchen/dining/living area- Tiled and vinyl flooring throughout - Built-in-robes to bedrooms - Separate games/entertaining area- Ceiling fans in bedrooms - Paved patio area with gable roof - Garden shed- Secure, double garage - Enclosed rear yard - Close to park, beach, service stations, food outlets - Council Rates $2,500 per annum (approx.) - Water Rates $1,280 per annum (approx.) - Strata Fees Not Applicable Priced to Sell at Offers from $439,000 please call the Exclusive Agent Jim Quinn now on 0412 991 442, to make an offer or schedule a viewing time. *All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should do their own due diligence.

Property History for 8 Olive St, Mahomets Flats, WA 6530

A timeline of how this property has performed in the market
Last Sold
$425,000
25 Mar 2024
Listed for Rent
$330/w
14 Aug 2019
  • 25 Mar 2024
    Sold for $425,000
  • 05 Mar 2024
    Listed for Sale Offers from $439,000
  • 18 Sep 2022
    Sold for $358,000
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About Mahomets Flats 6530

The size of Mahomets Flats is approximately 1 square kilometres. It has 1 park covering nearly 2.1% of total area. The population of Mahomets Flats in 2011 was 866 people. By 2016 the population was 835 showing a population decline of 3.6% in the area during that time. The predominant age group in Mahomets Flats is 50-59 years. Households in Mahomets Flats are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mahomets Flats work in a professional occupation. In 2011, 54.4% of the homes in Mahomets Flats were owner-occupied compared with 57.4% in 2016.

Mahomets Flats has 509 properties. Over the last 5 years, Houses in Mahomets Flats have seen a 107.47% increase in median value, while Units have seen a 84.05% increase. As at 31 October 2024:

  • The median value for Houses in Mahomets Flats is $445,084 while the median value for Units is $314,129.
  • Houses have a median rent of $500 while Units have a median rent of $388.
There are currently 4 properties listed for sale, and 1 property listed for rent in Mahomets flats on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Mahomets flats.

Suburb Insights for Mahomets Flats 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.