Sold
51 Spence Street, Ravensthorpe WA 6346
Listed price: Under Offer!!
Sold: 19 Sep 2024
Sold
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4 Bedrooms
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2 Bathrooms
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Landsize 1,012m2
House
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Double Earnings, One Investment: Maximise Returns Now!
Unlock the potential of your investment with this unique opportunity - double the returns, double the value at this new price! This property features not one, but two units, providing an exceptional investment strategy that outshines traditional options. Say goodbye to meager bank returns; here, you have fantastic opportunity for better.
Each unit boasts two bedrooms and one bathroom, offering comfortable and secure living spaces with tidy interiors and rear access to private backyards. Currently, both units are each rented at $330 per week (total $660/week) until October 2024, showcasing a history of consistent earnings and making this property a reliable income generator.
Situated on a lovely quarter-acre block in the heart of town, this investment gem has been well maintained by the current owners. The central location allows for convenient walks to nearby shops, pubs, and other amenities, enhancing the property's desirability and potential for attracting quality tenants.
Don't miss out on this prime investment opportunity! Schedule your exclusive viewing by appointment only and witness firsthand the unparalleled value that awaits you. Double the investment, double the returns - seize this chance to elevate your investment portfolio to new heights.
Property snapshot by reiwa.com
This property at 51 Spence Street, Ravensthorpe is a four bedroom, two bathroom house sold by Wendy Howell at Ray White Rural (South Coast WA) on 19 Sep 2024.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Ravensthorpe or see other recently sold properties in Ravensthorpe.
Nearby schools
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
4.8 %
Annual growth
$220k
Annual median sales price
$470pw
Annual median rental price
