11/219 Foreshore Drive, Geraldton WA 6530
11/219 Foreshore Drive, Geraldton WA 6530
This is a 2013-built, 2-bedroom, 2-bathroom apartment with 83sqm of internal living space and a 23sqm balcony. It sits within a strata complex in a tightly held coastal pocket, roughly 100 metres from the beach and 500 metres from the Geraldton CBD. The property is currently leased to the Mantra Group, returning approximately $38,000 net per annum.
What is competitively strong here is the combination of a modern build, marina atmosphere views, and a location that is genuinely walkable to both the beach and the city centre. In a suburb where much of the housing stock is older standalone homes, this apartment offers a fresh, low-maintenance alternative with premium finishes like stone benchtops. The existing lease to a corporate operator provides a rare set-and-forget income stream, making it particularly well suited to an investor seeking a stable yield in a coastal market. The 23sqm balcony is a genuine differentiator, adding usable outdoor space that many comparable apartments lack.
The strata fees of roughly $2,264 per quarter are a material holding cost that may affect net yield calculations, especially for an investor comparing this to freehold property. The lease arrangement with Mantra, while providing stability, may also limit owner-occupier flexibility if the buyer intends to live in the unit. The 2-bedroom configuration is a constraint for families who might otherwise be drawn to the location, and the absence of a third bedroom may narrow the pool of future buyers. These factors should be weighed carefully when forming a view on price, though the coastal positioning and modern build quality do provide a strong foundation for long-term value.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/219 Foreshore Drive, Geraldton WA 6530
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Geraldton is a high-growth regional coastal centre, attracting buyers seeking value and liveability beyond capital cities. This demand, coupled with constrained property listings, has driven exceptionally strong recent price appreciation. The market is characterised by tight rental supply and robust yields. Sustained growth is underpinned by its regional hub status, though affordability and sensitivity to broader economic conditions remain key considerations.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
-
Land
124m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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