OFF MARKET

3 Erica Street
Rangeway WA 6530

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 112m2
Land area: 849m2
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Property Details for 3 Erica St, Rangeway

3 Erica St, Rangeway is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 849m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in February 2016.

Building Type
House
Year Built
1965
Floor Size
112m2
Land Size
849m2
Local Government
Greater Geraldton
Lot/Plan
2093/P211054

Last Listing description (November 2013)

Affordable, neat & tidy
Located in one of the best streets in Rangeway this property offers the new buyers 3 bedrooms all good size, plus an office, one bathroom and is very well presented.
The block is over 800m2 and has a shed/ double lock up garage that has lights and power. Also in the rear of the property is a hard stand/single carport. If you are a first home buyer that is currently renting you are most likely paying more than $300 per week, so if you go onto a website with a mortgage calculator you will find that a loan of $215,000 over 30 years at 6.58% will cost you $316 per week. I think even blind Freddy could see that it makes sense to buy this one.

If you are an investor this is worthy of consideration as it is on a periodic lease returning $240 per week or a healthy 5.8% gross return.

Property History for 3 Erica St, Rangeway, WA 6530

A timeline of how this property has performed in the market
Last Sold
$145,000
11 Feb 2016
  • 11 Feb 2016
    Sold for $145,000
  • 27 Feb 2013
    Listed for Sale $215,000
  • 23 Feb 2012
    Listed for Sale $225,000
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About Rangeway 6530

The size of Rangeway is approximately 1.8 square kilometres. It has 6 parks covering nearly 4.2% of total area. The population of Rangeway in 2011 was 2,260 people. By 2016 the population was 1,886 showing a population decline of 16.5% in the area during that time. The predominant age group in Rangeway is 0-9 years. Households in Rangeway are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rangeway work in a labourer occupation. In 2011, 54.6% of the homes in Rangeway were owner-occupied compared with 60.3% in 2016.

Rangeway has 988 properties. Over the last 5 years, Houses in Rangeway have seen a 165.97% increase in median value, while Units have seen a 71.35% increase. As at 30 September 2024:

  • The median value for Houses in Rangeway is $302,404 while the median value for Units is $258,112.
  • Houses have a median rent of $370 while Units have a median rent of $300.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Rangeway on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Rangeway.

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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.