Whether you're looking to expand your investment portfolio or secure a spacious family home, 48 Chapman Valley Road, Waggrakine is well worth a look following a significant price reduction.
Set on a generous 910m2 block, this solid double brick and tile home offers four bedrooms, multiple living areas, excellent outdoor entertaining and plenty of room for the vehicles, boat or caravan.
**INVESTORS - 5.57% GROSS RENTAL YIELD**
Currently leased at $600 per week until December 2026, the property offers an attractive gross rental yield of approximately 5.57% at the new asking price of $560,000.
The existing tenants would love to remain, providing an opportunity for investors looking for an established tenancy and ongoing rental income.
**OWNER-OCCUPIERS - ROOM TO MOVE!**
With the current lease approaching its end in December, this property could also suit local buyers looking for a family home with plenty of space, a large shed and excellent outdoor entertaining.
The huge enclosed entertaining area provides additional space for family gatherings, while the rear access and powered shed offer plenty of practicality for those needing room for vehicles, storage or hobbies.
**PROPERTY HIGHLIGHTS:**
- 4 bedrooms, 1 bathroom
- Multiple living areas
- Generous 910m2 block
- Solid double brick and tile construction
- Reverse-cycle air conditioning
- Huge enclosed outdoor entertaining area
- Large powered shed with storage room and loft
- Rear access
- Double carport
- Fully fenced and gated
- 3kW solar system
- Currently leased at $600 per week until December 2026
- Existing tenants keen to remain
- Approx. 5.57% gross rental yield at $560,000
Located in established Waggrakine, close to Glenfield IGA, Sunset Beach and approximately 10 minutes from Geraldton's CBD.
**The sellers are motivated and have made a substantial price adjustment to meet the market.**
Contact Team McKenzie at Professionals Geraldton today for further information or to arrange your inspection.
Council Rates: Approx. $2,370 p.a.
Water Rates: Approx. $1,496.08 p.a.
Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate but may be subject to change without warning at any time, which is often out of our control. Prospective tenants and purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the Agent and are expressly excluded from any contract.
