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22 Cypress Street, Rangeway WA 6530

Suit Buyers Low To Mid $400,000's

Search Band Search Visibility Band

$400k - $450k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 1 Car 1037 m²

Listed: 2 days ago

Overview

This solid brick and tile home is an excellent proposition for investors seeking a reliable income stream and substantial future prospects. Positioned on a spacious 1037sqm parcel of land, the property offers generous space that is increasingly scarce in the market, allowing for flexibility in outdoor use or potential enhancements.

Currently tenanted until July 2027, the property delivers over 5% rental return at $450 per week, providing immediate cash flow without the common risks of vacancy. This arrangement eliminates landlord concerns regarding tenant sourcing and guarantees stable income from day one.

The home's location within Rangeway enjoys close proximity to schools and everyday amenities such as Aldi, further supported by convenient access to Geraldton's central business district, beaches, and major facilities just minutes away by car. This accessibility benefits tenants and landlords alike, supporting long-term tenant retention and ease of property management.

The three-bedroom layout is complemented by one bathroom and dedicated parking, practical for a range of occupants. The property's fundamental quality and configuration make it suitable for those seeking a straightforward, low-maintenance investment in a growing region.

In sum, 22 Cypress Street combines robust construction, a sizable landholding, and a secure tenancy to present a compelling investment opportunity well-suited to investors prioritising reliable returns and manageable ownership.

Local Market Insights

In Rangeway, Quiet Listings observed 29 new houses entering the market over the last 30 days, down from 42 during the previous 30-day period, with an average advertised asking price of $762,517. The property type mix of listed properties is predominantly Houses at 63%, followed by units (15%), and land (13%). The most active agency for houses in the Rangeway area is currently Ray White, representing 48% of new listings, followed by Active West Real Estate with 24%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.