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5 Omega Place

Spalding WA 6530

3
1
2
107 m²
889 m²
House
Currently for sale - view listing

Overview

## Strong Rental Return in a Tightly Held Location

ositioned within a tightly held cul-de-sac with a high percentage of long-term owner occupiers, 5 Omega Place presents an excellent opportunity to secure an investment in one of Geraldton's strongest-performing growth suburbs. Spalding has experienced exceptional growth in recent years, placing it among the standout residential growth markets nationally and making the suburb increasingly popular with investors looking to capitalise on its combination of affordability, rental return and continued capital growth. Currently leased at $550 per week, the property provides immediate rental income from settlement and offers a straightforward entry into a suburb attracting increasing investor attention. Set on a generous 889m² block, the home features three spacious bedrooms, a functional kitchen and a comfortable living area complete with split-system air conditioning. The layout is practical, low-maintenance and well suited to both tenants and future owner occupiers. Outside, the large backyard provides plenty of usable space, together with side access through to the rear shed/garage. The size and configuration of the property also provide scope for future improvements, while the R20 zoning and substantial landholding add another element to its longer-term potential. A covered patio provides a great outdoor entertaining area, with a single carport positioned at the front of the home. Additional features include: - Solar hot water system - 12 solar panels - Covered outdoor entertaining area - Generous 889m² allotment - R20 zoning - Currently leased at $550 per week Conveniently located close to schools, parks, shops and local amenities, 5 Omega Place combines immediate rental income with a substantial landholding in a suburb that continues to attract attention for its exceptional recent growth. For investors looking beyond rental return alone and considering the longer-term capital growth potential of their next acquisition, this is an opportunity well worth considering. Property Code: 21

Features

3 bedrooms
1 bathroom
2 carspaces
107 m² floor area
889 m² lot size
House

Property history for 5 Omega Place

2024
Sold
$332,000
Private Sale/Treaty on 17 Apr 2024 by Leiza Barndon, of Ray White Geraldton

Happy sellers in Spalding

~%

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

Local market activity for 3 bedroom houses in Spalding

In the last 12 months, 32 three-bedroom houses similar to 5 Omega Place, have been sold.

This represents a 25% increase in three-bedroom houses sales when compared to the previous 12 months.

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