1972 build | 961m² lot with side access | 3 bed, 1 bath, 1 ensuite | No overlays | Fibre NBN
This house presents a clear value proposition through its large, usable lot in a stable suburb, offering immediate utility and low holding costs. The absence of bushfire or flood overlays removes significant insurance and due diligence burdens, while the side access and generous block size provide tangible expansion potential for a shed, workshop, or future extension. It is competitively positioned for first-home buyers or an investor seeking an uncomplicated, low-maintenance entry into the Geraldton region with reliable infrastructure.
Proceed with the understanding that its 1972 construction and basic single-bathroom configuration, despite the ensuite addition, define its market tier and limit premium resale appeal. The opportunity lies in securing a functional home on a substantial block where the land component drives long-term value. Acquire as a long-term hold; its worth will be sustained by land scarcity and its role as affordable housing, not by architectural merit.
* Last sold in February 2014 for $253,000.
* Nearby comparable at 4 Hogan Street is estimated off-market at $556,000.
* Current property value estimates range from $458,000 to $510,000.
The 2014 sale price establishes a solid base for capital growth, while the current valuation range and nearby comparable suggest the asking price aligns with present market expectations for this lot size and configuration.