For sale > Woorree > 187 Horwood Road

187 Horwood Road
Woorree WA 6530

18
|
9
|
9,475m2
|
House
$1,150,000

Home open times

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Investment Potential on Horwood

187 Horwood Road, Woorree

Brand new to the market is this rare piece of real estate, consisting of 8 - 2 x 1 large brick and tile units, equipped with a fully functioning laundry and storeroom, just to get you started!
We all know that accommodation in Geraldton is extremely hard to get, but so are good returns on your investment. With banks paying rates of around .065%, this is something savvy investors should look at. Each unit has 2 large bedrooms, laundry, large living/dining room, bathroom, separate toilet, good storage, some with modern kitchens and all have a large private fenced back yard. These units are fully tenanted, returning approximately 7.5%!! To add to your investment, there is also a 3 x 1 older house, also gaining $100/week, and a huge block out the back. So, if you wanted to knock the old place down and build more units - council allowing - this could increase your return even more.

Property snapshot by reiwa.com

This property at 187 Horwood Road, Woorree is a eighteen bedroom, nine bathroom house listed for sale by Trish Longva at Elders Real Estate.

Property features

Toilets
4
Floor area
87m2
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Nearby schools

Strathalbyn Christian College
3.6km
Rangeway Primary School
3.6km
Champion Bay Senior High School
3.7km
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Woorree quick stats

Low end
$413k
Median
$462k
High end
$515k
Annual growth
12.6 %
Median rent
N/A
Population
1,341

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Are you interested in buying, renting or investing in Woorree? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.

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187 Horwood Road, Woorree WA 6530

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Listing number: 4519777

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