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
