SOLD
Sold on 19 Mar 2024 for $2,500,000

126 Brand Highway
Tarcoola Beach WA 6530

Bedrooms: 2
Bathrooms: 1
Car spaces: 32
Floor area: 1m2
Land area: 5664m2
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Property Details for 126 Brand Hwy, Tarcoola Beach

126 Brand Hwy, Tarcoola Beach is a 2 bedroom, 1 bathroom Unit with 32 parking spaces and was built in 1973. The property has a land size of 5664m2 and floor size of 1m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Tarcoola Beach in the last 12 months.

Building Type
Unit
Year Built
1973
Floor Size
1m2
Land Size
5664m2
Local Government
Greater Geraldton
Lot/Plan
2/D071716

Last Listing description (March 2022)

Consisting of over 30 villa's this unique investment is available for the first time in 20 years!

The Land

* Sitting on 5,665sqm with a 60.5m frontage, this is a rare find in Tarcoola Beach
* Zoned Tourism R80
* Ample parking
* Only 200m to one of Geraldton Premier beaches
* Less than 3 kms from the CBD

The Buildings
* 31 villas in total
* 52 bedrooms & 31 bathrooms in total
* 3 different villa types - one bedroom, 2 bedroom loft & 2 bedroom single level
* Reception
* Communal laundry
* Below ground pool

Investment
* Long term tenant in place
* $150,000p/a plus rates and taxes
* Lease until August 2024
* Council rates $23,350p/a (approx.)
* Water rates $22,000p/a (approx.)

The Potential
* Renovate the existing buildings and lease out
* Strata each villa and sell separately
* Redevelop the site completely

Watch the video provided and then contact exclusive listing agents Lara, Warrick or Dave from Team Sadowski/Nevill on 0455 195 799 to inspect this bluechip investment.
"Demonstrating the difference in real estate one property at a 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.

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Property History for 126 Brand Hwy, Tarcoola Beach, WA 6530

A timeline of how this property has performed in the market
Last Sold
$2,500,000
19 Mar 2024
  • 19 Mar 2024
    Sold for $2,500,000
  • 15 Oct 2021
    Sold for $1,980,000
  • 17 Nov 2020
    Listed for Sale UNDER CONTRACT
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About Tarcoola Beach 6530

The size of Tarcoola Beach is approximately 1.4 square kilometres. It has 3 parks covering nearly 1.7% of total area. The population of Tarcoola Beach in 2011 was 1,373 people. By 2016 the population was 1,286 showing a population decline of 6.3% in the area during that time. The predominant age group in Tarcoola Beach is 50-59 years. Households in Tarcoola Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarcoola Beach work in a professional occupation. In 2011, 68.1% of the homes in Tarcoola Beach were owner-occupied compared with 70.5% in 2016.

Tarcoola Beach has 686 properties. Over the last 5 years, Houses in Tarcoola Beach have seen a 90.97% increase in median value, while Units have seen a 84.07% increase. As at 31 October 2024:

  • The median value for Houses in Tarcoola Beach is $515,122 while the median value for Units is $333,047.
  • Houses have a median rent of $500.
There are currently 5 properties listed for sale, and 1 property listed for rent in Tarcoola beach on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Tarcoola beach.

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