OFF MARKET

5 Ilex Place
Rangeway WA 6530

Bedrooms: 6
Bathrooms: 2
Car spaces: 8
Land area: 1220m2
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Property Details for 5 Ilex Pl, Rangeway

5 Ilex Pl, Rangeway is a 6 bedroom, 2 bathroom House with 8 parking spaces. The property has a land size of 1220m2.

Building Type
House
Land Size
1220m2
Local Government
Greater Geraldton
Lot/Plan
1958/P209877

Last Listing description (November 2023)

The phone enquiry code for this property is - 5566

Are you seeking a smart investment with proven returns or looking to get your feet wet into the rental game whilst having a place to live at the same time? Look no further! Explore the potential of owning not one but two renovated duplex units at 5 Ilex Place, Rangeway, WA 6530.


Fresh Renovations: Both units have undergone recent renovations, including kitchens, bathrooms, and flooring, ensuring an appealing living experience for new families or tenants.

Spacious Back Yards: Enjoy the luxury of expansive backyards for both units, offering tenants a private and relaxing outdoor space either for setting up entertainment areas or exercise areas for your pets. Both properties fit zoning size requirements to be sub divided further to construct 2 units on each property (check with local council as regulations may of changed by the time of viewing/settlement).

Stable and reliable Tenants: Benefit from a lucrative investment opportunity in an area with a high demand for good tenants. Both tenants have a proven rental history and take extremely good care for both properties.

Option to purchase just one unit is available. 5b will be $240,000, and 5a will be $220,000 due to the external painting and cladding still needs to be finished.

******5a has the cladding and external paint left to be finished. Prices will go up after the cladding is completed******

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Property History for 5 Ilex Pl, Rangeway, WA 6530

A timeline of how this property has performed in the market
  • 22 Nov 2023
    Listed for Sale 420,000

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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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