51 A & B Spence Street, Ravensthorpe WA 6346

Investors - Double The Return

Two houses in one and they are both being sold fully furnished.
And the returns beat the banks by a country mile.
Approx 10% returns or better here.
Duplex units both have two bedrooms and one bathroom, secure backyards with rear access. Tidy internally and good rental options. Both units are currently rented @ $300pw. Has been a very consistent earner over the years.
Lovely quarter acre block in the heart of town. Properties have been very well maintained by current owners.
Location is central - walk to shops, hotel etc.
"New 12 month lease just signed" + "Regular weekly service inside & out currently in place"
Viewing by appointment only
Can be viewed at this link as well https://ravensthorpeinvestment.com/

Property features

Toilets 1

Property snapshot by reiwa.com

This property at 51 A & B Spence Street, Ravensthorpe is a two bedroom, one bathroom duplex sold by Sue Hall and Sias Jordaan at Ray White Rural (South Coast WA) on 29 Apr 2022.

Looking to buy a similar property in the area? View other two bedroom properties for sale in Ravensthorpe or see other recently sold properties in Ravensthorpe.

Cost breakdown

Council rates: $2,706 / year
Water rates: $548 / year

Ravensthorpe overview

The townsite of Ravensthorpe is located in the south coastal region, 541 kilometres east southeast of Perth and 50 kilometres north northwest of the coastal town of Hopetoun. The Ravensthorpe region was first settled by the Dunn brothers in the 1860's, and it was James Dunn who first found gold in the area in 1899. Gold mining in the area was not very productive until a new find in 1900 resulted in rapid growth.

Ravensthorpe was gazetted a townsite in January 1901, the name having been suggested by surveyor A.W. Canning after the nearby Ravensthorpe Range. The Ravensthorpe Range was named by Surveyor General J.S. Roe in 1848 in honour of Bishop Augustus Short who, prior to becoming Bishop of WA & SA in 1847, had been the Vicar of Ravensthorpe in Northamptonshire (England) from June 1835. Bishop Short is also commemorated by Mt Short, a hill in the Ravensthorpe Range.

Ravensthorpe quick stats

High end $294k

Median $220k

Low end $200k

This listing

4.8 %

Annual growth

$220k

Annual median sales price

$470pw

Annual median rental price

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FAQ's

51 A & B Spence Street, Ravensthorpe was sold by Sue Hall and Sias Jordaan at Ray White Rural (South Coast WA).

You can contact the agent here.

View the full list of features at 51 A & B Spence Street, Ravensthorpe here.

The average number of selling days in Ravensthorpe is 145 days.

51 A & B Spence Street, Ravensthorpe WA 6346

Investors - Double The Return