4 Marri Court

Rangeway WA 6530

863 m²

Land

Currently for sale - view listing

Overview

High Yield Dual Lot Opportunity

Phone Enquiry ID: 233294 An exceptional investment or development opportunity in Geraldton's thriving rental market. Two adjoining R30-zoned duplex-sized blocks are available to purchase together or separately, offering strong potential for a rooming or co-living project. (Priced per site) Property Features - 2 Marri Court: 825m², 17m frontage, R30 zoning - 4 Marri Court: 863m², 18m frontage, R30 zoning - FLAT GROUND - Deep sewer available - No building time limits - Council rates: $1,094 p.a. (each) - Water rates: $278.84 p.a. (each) Proposed Development - Forecasted income: $234,000pa - Rental rate: $250pw - 18 bedrooms total - 6 modern kitchens & 10 bathrooms - 18 private courtyards providing individual outdoor space Both blocks are flat, fully serviced, and ideally positioned within a quiet cul-de-sac just 2.8km from the Geraldton CBD. A short stroll (300m) takes you to Rangeway Shopping Centre, Verita Medical, chemist, park, and fuel station, with public transport available nearby.

Features

863 m² lot size

Land

Property history for 4 Marri Court

2021

Sold

$37,500

Private Sale/Treaty on 01 Sep 2021 by Leiza Barndon, of Ray White Geraldton

Happy sellers in Rangeway

We have insufficient information to provide an overview of customer satisfaction for Rangeway. Viewing the agent profiles, reviews and sales for Rangeway can provide insights for this location.

Local market activity for land plots in Rangeway

In the last 12 months, 3 land plots similar to 4 Marri Court, have been sold.

This represents a 50% decrease in land plots sales when compared to the previous 12 months.

Sold

For Sale

For Rent

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