48 Felicia Street

Rangeway WA 6530

Set on a generous 915 m2 R30-zoned allotment, this well maintained property presents an attractive opportunity for investors seeking immediate rental income combined with long-term land value and future flexibility. The home is currently leased at $390 per week on a fixed-term tenancy until August 2026, providing secure income from reliable tenants who take genuine pride in the home and grounds. The property has been well cared for, with the tenants maintaining the yard and outdoor areas to a high standard. Based on current market conditions, the market rent has been assessed at approximately $420 per week, offering potential upside over time. With its large land holding and R30 zoning, the property offers future subdivision or development potential, subject to all relevant planning and authority approvals, making it well suited to investors looking to hold now and explore options in the future. Conveniently located in Rangeway, close to schools, shops and the Geraldton CBD, this is a straightforward investment opportunity with income from day one and longer-term optionality. Why Investors Love It:- Fixed rental income of $390 per week- Market rent assessed at approximately $420 per week- Lease in place until August 2026- Large 915 m2 block- R30 zoning- Future subdivision or development potential (STCA)- Established tenants who care for the property- Convenient location close to amenitiesContact Will McKenzie on 0419 919 590 or enquire now to arrange a viewing.Council: $2,200.00 p/a | Water: $289.66 p/aDisclaimer: 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 but may be subject to change without warning at any time, which 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.