5/49-51 Geake St, Spencer Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 80m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
For its central location, modern facilities, low maintenance and comfortable living, this attractive unit will have wide appeal with single people and couples.It's also an excellent proposition as a rental, currently on a periodic lease to a government department at $390 a week, with a current rental appraisal suggesting a potential $400 - $450 per week, which gives an indication of the returns an investor can expect.Part of a nine-unit strata complex, the brick veneer and tile home has undergone extensive modernisation to the kitchen, bathroom, and laundry, and is tastefully finished with new flooring, decor and window treatments.The lounge at the front has gas heating and an area on one side for a dining table. Smart, modern, plank flooring flows from here into the adjoining kitchen, where glossy white cabinetry is set off by marble-effect benchtops and white subway tiling. It is also fitted with a dishwasher, gas cook-top and under-bench oven.Similarly, the bathroom has had a facelift and sports white cabinetry, a walk-in shower, a bath and vanity. The toilet is also new, and there's fitted shelving in the laundry.Both of the bedrooms are carpeted. One is queen sized with a built-in robe and the second is a big single.At the back is a private little nook for sitting out in the morning sun and a paved courtyard - perfect for cultivating planters of veggies and herbs. There's a garden shed for the tools, and at the front, an area of lawn.A carport shelters the front door, and residents have a second dedicated parking spot besides.Security screens are fitted to front and back doors and all windows have security shutters, bringing peace of mind for owners chasing warmer climes in winter.Everything is clean and sparkling, ready for new owners or tenants.In a quiet no-through-road, the home is close to a shopping centre and medical facilities, and town is only four minutes away, so it's a winner for convenience as well.What you need to know:- Brick veneer and tile strata unit, part of complex of nine - Ideal for single person, couple or investor- Modernised kitchen and bathroom- New flooring, window treatments, fresh decor- Lounge with gas heating- White kitchen with dishwasher, gas cook-top, under-bench oven- Bathroom with bath, walk-in shower, vanity- New toilet- Laundry with built-in shelving- Queen-sized bedroom and big single bedroom- Security doors and window shutters- Private rear courtyard and garden shed- Carport plus parking spot- Few minutes to shops, medical facilities, town- Beautifully presented, in excellent condition- On periodic lease at $390 a week- Current rental appraisal at $400 to $450 per week- Council rates $2,035.59- Water rates $1,564.13
The size of Spencer Park is approximately 2.2 square kilometres. There are 5 parks, covering nearly 4.1% of the total area. The population of Spencer Park in 2016 was 3419 people. By 2021 the population was 3445 showing a population growth of 0.8% in the area during that time. The predominant age group in Spencer Park is 70-79 years. Households in Spencer Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Spencer Park work in a professional occupation.In 2021, 58.60% of the homes in Spencer Park were owner-occupied compared with 55.50% in 2016.
Spencer Park has 1,637 properties. Over the last 5 years, Houses in Spencer Park have seen a 106.80% increase in median value, while Units have seen a 164.38% increase. As at 31 July 2026:
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