Location, Location, Location!

Set in the heart of the thriving suburb of Wonthella, 51 Phelps Street offers a rare investment opportunity! This neat home sitting on a 988sqm corner block is brimming with potential and perfectly positioned to deliver high returns, whether through development, renovation, or rental income.

Key Features:
• Land Size: 988sqm – potential for future development
• Zoning: R30, offering flexible development options
• Corner Block: Dual street frontage for optimal access and design flexibility
• Residence: Solid 3-bedroom, 1-bathroom home – currently tenanted at $380 per week
• Location: Walking distance to the Geraldton CBD, ensuring high tenant demand, close to shops, schools, and public transport, only a short stroll to the beautiful Geraldton beaches – a key lifestyle drawcard for tenants and buyers alike

Why Invest?
• High Capital Growth: Wonthella is a growth suburb with increasing demand for rental properties and development sites
• Rental Potential: Secure immediate rental income from the existing home while planning future development
• Development Opportunity: Maximize returns by subdividing the block or building multiple dwellings (subject to council approval)

This property is a true gem for astute investors seeking a high-growth area with potential for both short-term income and long-term capital gains

Call Team Alby today to secure this investment before it’s gone!

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 however may be subject to change without warning at any time and this is often out of our control. Prospective tenants & 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.

Property ID: 1347448