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82A & B Gregory Street, Beachlands WA 6530

$985,000

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$985k - $1.03M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 517 m²

Listed: yesterday

Overview

This property at 82A & B Gregory Street in Beachlands offers a unique and versatile investment opportunity through its dual dwelling configuration. Featuring two distinct residences on a 517 square metre lot, it combines a heritage-listed character home at the front with a separate dwelling at the rear, providing multiple income streams or flexible living arrangements.

The heritage character home adds charm and appeal, particularly for those who value distinctive architectural features and historical significance—set in a central location just minutes from Geraldton's bustling CBD, beaches, dining, and café culture.

The separate rear dwelling enhances the property's versatility, suitable for extended family accommodation, rental income, or short-stay options such as Airbnb, capturing the demand for well-located, character properties that are scarce in this area.

Currently achieving a combined rental return of $700 per week, the property presents an attractive yield with potential for growth. Such flexibility benefits investors seeking stable income and homeowners who desire to offset ownership costs through leasing part of the property.

This asset is well-suited to investors looking for yield from a tightly held rental market near Geraldton's CBD, as well as downsizers or multi-generational families seeking a rare chance to live in a sought-after area while generating income.

In summary, 82A & B Gregory Street offers a robust investment prospect with diverse usage scenarios, valuable character features, and a convenient location — a property that merits consideration and financial analysis for various buyer profiles.

Local Market Insights

In Beachlands, Quiet Listings observed 35 new houses entering the market over the last 30 days, down from 39 during the previous 30-day period, with an average advertised asking price of $745,543. The property type mix of listed properties is predominantly Houses at 69%, followed by units (12%), and land (12%). The most active agency for houses in the Beachlands area is currently Ray White, representing 46% of new listings, followed by Active West Real Estate with 26%. 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.