1a Archer St, Utakarra is a 6 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 1987. The property has a land size of 412m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
This entire duplex, consisting of two identical 3x1 halves that only share common walls in the garage, provides a fantastic investment opportunity!!
Currently both of these units are leased, returning $220 per week each for 12 months! Do the math, that's a very enticing 7.6% gross return per year on the asking price!!
Approximately 4 kilometers to Geraldton's town center and Foreshore and a stroll to nearby supermarket, each unit has good sized bedrooms, a single lock up garage and a reasonable yard each!
The size of Utakarra is approximately 4.9 square kilometres. It has 7 parks covering nearly 10.7% of total area. The population of Utakarra in 2011 was 1,292 people. By 2016 the population was 1,389 showing a population growth of 7.5% in the area during that time. The predominant age group in Utakarra is 10-19 years. Households in Utakarra are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Utakarra work in a trades occupation. In 2011, 61% of the homes in Utakarra were owner-occupied compared with 63.2% in 2016.
Utakarra has 871 properties. Over the last 5 years, Houses in Utakarra have seen a 156.67% increase in median value, while Units have seen a 121.50% increase. As at 31 October 2024:
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