228 Fourth Street, Wonthella WA 6530

3 bed 1 bath, 1954 house on 1012m² with solar panels, shed and air conditioning. Spacious block with 26% building coverage leaves room for extensions or a pool, ideal for families needing yard space or investors eyeing subdivision potential in a residential zone. It suits first-home buyers, downsizers or rental portfolios targeting steady mid-range yields around 5-6% gross. Positioned in a family-oriented pocket near Allendale Primary (0.4km walk) and Geraldton Grammar (2km), with Geraldton Senior High 2.4km for secondary schooling. Reliable NBN fibre and 4G access, with no overlays for bushfire, flood or heritage approvals. Demand is strong for larger lots in this area—buyer interest remains competitive amid low stock. The rental market supports around $555pw midpoint, appealing for cash-flow-focused owners. The suburb attracts young families and retirees with proximity to Geraldton amenities (5-10 minutes by car) while enjoying a quiet street vibe. Disadvantages include an older-build requiring updates and 17m elevation that can result in windy coastal exposure. Growth is driven by Geraldton’s resource sector stability and regional migration; while no major new projects are flagged, residential land scarcity boosts appeal. There are opportunities for value-add renovations or dual occupancy (check with council). Risks include a single bathroom limiting family appeal without updates, and 1954 construction may hide wiring or plumbing issues—a building and pest inspection is recommended. Floorboards and the recent solar add efficiency and energy savings.