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4 Marri Court, Rangeway$168,000

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4 Marri Court

Rangeway, WA 6530, Australia

$160,000 – $176,000

863 m²

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About this property

Phone Enquiry ID: 233294 An exceptional investment or development opportunity in Geraldton's thriving rental market. Two adjoining R30-zoned duplex-sized blocks are available to purchase together or separately, offering strong potential for a rooming or co-living project. (Priced per site) Property Features - 2 Marri Court: 825m², 17m frontage, R30 zoning - 4 Marri Court: 863m², 18m frontage, R30 zoning - FLAT GROUND - Deep sewer available - No building time limits - Council rates: $1,094 p.a. (each) - Water rates: $278.84 p.a. (each) Proposed Development - Forecasted income: $234,000pa - Rental rate: $250pw - 18 bedrooms total - 6 modern kitchens & 10 bathrooms - 18 private courtyards providing individual outdoor space Both blocks are flat, fully serviced, and ideally positioned within a quiet cul-de-sac just 2.8km from the Geraldton CBD. A short stroll (300m) takes you to Rangeway Shopping Centre, Verita Medical, chemist, park, and fuel station, with public transport available nearby.

Property Details

Property Type: land
Listing Type: For Sale
Land Area: 863 m²
Listed: 3 months ago

Repayment calculator

$814/month

$407 /fortnight

Loan $134,400 at 6.10% over 30 years

Upfront costs

Deposit$33,600

Stamp duty$3,819

Conveyancing (est.)$2,000

Total upfront$39,419

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Neighbourhood

Living in Rangeway

This land in Rangeway, WA 6530 sits within reach of public transport, local shops and nearby schools. It is listed 66% below the $499,000 median of 67 comparable landswithin 5 km.

Schools near Rangeway

Rangeway Primary Schoolprimary · K-6 · CoEd

What's nearby

Diosma St after Howes St (70202) (bus) — 594 m away
United Rangeway — 399 m away
Challener Park — 170 m away
Tuart Street Park — 213 m away
Unnamed — 509 m away

Rangeway at a glance

Full suburb profile

Population: 1,871
Median age: 36
Household income: $921/wk
Median rent: $200/wk
Median mortgage: $910/mo

Source: ABS Census.

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