Positioned on an 809m² block just minutes from the Geraldton CBD, this duplex pair presents an affordable opportunity for buyers prepared to take on a renovation project.
Constructed of fibro on stumps, both units offer the same practical layout, each comprising:
• One bedroom
• One bathroom
• Separate living area
• Front entrance porch
• Large private rear yard
• The property is currently returning $500 per week under a private rental agreement.
This is a project property. Both kitchens and bathrooms require renovation, and the property is in need of a substantial clean-up and general refurbishment throughout. It is well suited to renovators or investors looking to improve the property and add value over time.
Potential options include living in one unit while renting the other, leasing both, or investigating future subdivision potential (subject to the relevant approvals).
Property Information:
Duplex pair on an 809m² block
Fibro construction on stumps
Large rear yard to each unit
Currently returning $500 per week (private rental agreement)
Water Rates: Approx. $1,154 p.a. per dwelling
Council Rates: Approx. $3,700 p.a. combined
Properties at this price point with two separate dwellings are becoming increasingly difficult to find. If you're looking for a project with genuine potential, 61 Eastern Road is worth your inspection.
Contact Ben Pepper from Ray White on 0447273972 for all enquiries.
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