4/12 Johnston Street, Geraldton WA 6530

Under $300,000, with a potential gross yield of 6.1%. This is the kind of entry point investors wait for.

Priced from $299,000, this 2 bedroom unit sits within walking distance of the CBD, shops and beach, and comes with something most units can't offer: a private backyard.

It's a smart fit for investors looking for a solid entry point, first home buyers, downsizers wanting something easy to maintain, or anyone who needs space for a dog.

For investors, the timing is ideal. The property is currently leased at $330 per week (5.7% gross) until January 2027, so you'll have income from settlement and the chance to review the rent in the new year. With a current rental appraisal of $330 to $350 per week, a new lease at $350 would lift the gross yield to around 6.1%. For owner occupiers, the same timing works in your favour. Settle now, and plan your move in once the lease ends.

Step outside and you'll see why it stands out. The generous, private backyard gives the dog room to roam, you a spot for your morning coffee, and space for a veggie patch or a few potted plants. A private front yard adds to the appeal.

Inside, the open plan kitchen, living and dining area keeps everyday living simple and connected, with a split system keeping things comfortable all year round. The kitchen is neat and practical, and both bedrooms are a generous size, sharing a central bathroom.

Location does the heavy lifting here. Stirlings Shopping Centre and the Geraldton CBD are both around 1km away, the beach and foreshore are 1.3km, and St Francis Xavier Primary School is just 550m from your front door.

Enquire now for a video walkthrough, all relevant documents and the offer form, or call Jess Wolfe on 0421 668 375 to talk through your plans.

$299,000

Tenancy: Leased at $330 per week until January 2027. Rental appraisal $330 to $350 per week.
Strata Fees: approx. $604.75 p.q (includes management fees, insurance, building & grounds maintenance, and water consumption)
Council Rates: approx. $475.00 p.q
Water Rates: approx. $307.41 p.q

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate but may be subject to change without warning at any time, which is often out of our control. Prospective tenants and purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the Agent and are expressly excluded from any contract.