3/61 Waldeck Street, Geraldton WA 6530

3-bed villa | 273m² low-maintenance lot | below-median entry point | stable owner-occupied complex | near primary and high schools This property presents a rare combination of competitive positioning and practical appeal. Its asking sits below the local three-bedroom median, which strengthens a buyer’s negotiating hand in a market where comparable houses trade higher. The 273m² lot and 87–98m² floor area are modest but efficient, and the low-maintenance format suits buyers seeking minimal upkeep without sacrificing location. The complex is 90% owner-occupied, which typically supports quieter conditions and more predictable resale. Proximity to Allendale Primary and Geraldton Senior High adds tenant demand resilience, making this equally viable for an owner-occupier or an investor. The recent sale in July 2024 and quick re-listing warrant scrutiny. A buyer should verify whether the ownership change reflects genuine repositioning or unresolved issues. The 10% rental proportion in the complex is low, which may limit rental comparables but also reduces turnover risk. The rental benchmark of $320 per week offers a reasonable yield estimate, but a buyer should confirm current lease terms if considering investment. The floor area discrepancy between sources is minor but should be clarified during due diligence. Overall, the property offers a solid entry point with limited downside for a patient buyer.