5 Omega Place, Spalding WA 6530
Offers Above $499,000
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3 Bedrooms
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1 Bathroom
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2 Cars
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Landsize 889m2
House
View
## Strong Rental Return in a Tightly Held Location
ositioned within a tightly held cul-de-sac with a high percentage of long-term owner occupiers, 5 Omega Place presents an excellent opportunity to secure an investment in one of Geraldton’s strongest-performing growth suburbs.
Spalding has experienced exceptional growth in recent years, placing it among the standout residential growth markets nationally and making the suburb increasingly popular with investors looking to capitalise on its combination of affordability, rental return and continued capital growth.
Currently leased at $550 per week, the property provides immediate rental income from settlement and offers a straightforward entry into a suburb attracting increasing investor attention.
Set on a generous 889m² block, the home features three spacious bedrooms, a functional kitchen and a comfortable living area complete with split-system air conditioning. The layout is practical, low-maintenance and well suited to both tenants and future owner occupiers.
Outside, the large backyard provides plenty of usable space, together with side access through to the rear shed/garage. The size and configuration of the property also provide scope for future improvements, while the R20 zoning and substantial landholding add another element to its longer-term potential.
A covered patio provides a great outdoor entertaining area, with a single carport positioned at the front of the home.
Additional features include:
- Solar hot water system
- 12 solar panels
- Covered outdoor entertaining area
- Generous 889m² allotment
- R20 zoning
- Currently leased at $550 per week
Conveniently located close to schools, parks, shops and local amenities, 5 Omega Place combines immediate rental income with a substantial landholding in a suburb that continues to attract attention for its exceptional recent growth.
For investors looking beyond rental return alone and considering the longer-term capital growth potential of their next acquisition, this is an opportunity well worth considering.
Property Code: 21
Property features
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Garages
1
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Carports
1
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Floor area
107m2
Property snapshot by reiwa.com
This property at 5 Omega Place, Spalding is a three bedroom, one bathroom house listed for sale by Michael Cotton at Geraldton Coastal Real Estate.
For more information about Spalding, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Spalding profile page.
If you would like to get in touch with Michael Cotton regarding 5 Omega Place, Spalding, please call 0427 393 333 or contact the agent via email.
Cost breakdown
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Council rates: $2,300 / year
Nearby schools
Spalding overview
Are you interested in buying, renting or investing in Spalding? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Spalding offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Spalding quick stats
High end
$555k
Median
$525k
Low end
$474k
28.0 %
Annual growth
$525k
Annual median sales price
$520pw
Annual median rental price
