22 Cypress St, Rangeway is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1977. The property has a land size of 1037m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in April 2025.
THE PROPERTYYes, you read that heading correctly.Brick and tile, over 1,000sqm of land, tenant already in place and a rental return of over 5%! Those are numbers that stack up for any savvy investor, in any market.With a tenant secured until July 2027 returning $450 per week, this is an investment where the hard work has already been done. There is no searching for a tenant, no immediate vacancy to worry about and income from day one.Better still, you are buying a solid brick and tile home sitting on a huge block of more than 1,000sqm, something becoming increasingly difficult to find at an affordable price point.Location adds another tick to the list. Schools and ALDI are within walking distance, while Geraldton's CBD, beaches and major amenities are only a few minutes away by car. For tenants, that convenience matters. For investors, it helps make a property like this easy to hold long term.In a market where investors need to look beyond the purchase price and actually make the numbers work, 22 Cypress Street deserves attention.Solid construction, huge land holding, established tenant, 5%+ return, the numbers speak for themselves.WHO TO CONTACTFor further information or to arrange your inspection, contact:Dave RawlingsonProperty Partner | The Agencydaverawlingson@theagency.com.auJoel WinkleyProperty Partner | The Agencyjoelwinkley@theagency.com.auDisclaimer: This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
The size of Rangeway is approximately 1.8 square kilometres. There are 6 parks, covering nearly 4.2% of the total area. The population of Rangeway in 2016 was 1887 people. By 2021 the population was 1871 showing a population decline of 0.8% in the area during that time. The predominant age group in Rangeway is 0-9 years. Households in Rangeway are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rangeway work in a labourer occupation.In 2021, 59.30% of the homes in Rangeway were owner-occupied compared with 60.30% in 2016.
Rangeway has 994 properties. Over the last 5 years, Houses in Rangeway have seen a 152.30% increase in median value, while Units have seen a 119.05% increase. As at 30 September 2026:
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