82A & B Gregory Street, Beachlands WA 6530

$985,000

4 beds

2 baths

Two Homes, Dual Income, One Rare CBD Opportunity

NOW SELLING

Opportunities like this simply do not come along often.

Welcome to 82A & 82B Gregory Street, Beachlands, a rare opportunity combining a beautiful heritage-listed character home at the front with a completely separate residence positioned at the rear.

Two residences. Two income streams. One incredibly flexible property.

Whether you're searching for a character home to call your own, an investment with multiple income streams, or a property that offers the best of both worlds, there is plenty to get excited about here.

Positioned just minutes from the Geraldton CBD, beautiful beaches, cafés, restaurants and everyday conveniences, this is a location that continues to appeal to both owner-occupiers and tenants alike.

The real beauty of this property is the flexibility it offers.

Imagine living in the charming character residence at the front while the rear dwelling generates an additional income to help offset your mortgage. Alternatively, accommodate extended family, create a separate space for guests, or retain both residences as an investment.

For investors, the property currently generates a combined rental return of $700 per week, with the existing rental income sitting below estimated market rental value. This provides an attractive opportunity to explore improved returns into the future.

There is also the exciting possibility of short-stay accommodation, with the central location and character appeal potentially making the front residence particularly attractive for Airbnb or holiday accommodation, subject to any necessary approvals.

Properties offering this level of versatility, particularly so close to the heart of Geraldton, are becoming increasingly difficult to find.

THINGS YOU SHOULD KNOW

The front residence is undoubtedly one of the property's standout features. A beautiful heritage-listed character home that offers the charm, personality and individuality that simply cannot be replicated in modern construction.

For an owner-occupier, this is where the opportunity becomes particularly exciting. Enjoy the character and lifestyle of the front home, with the added benefit of a completely separate dwelling at the rear providing flexibility and potential supplementary income.

The rear residence creates another layer of opportunity, whether retained as a permanent rental, explored as short-stay accommodation, or utilised for extended family.

Currently, the two residences generate a combined $700 per week in rental income. Importantly, this is below the estimated current market rental potential, providing an opportunity for future rental growth, subject to tenancy arrangements and market conditions.

The location is another major drawcard. Beachlands continues to be a sought-after suburb thanks to its proximity to Geraldton's CBD, coastline, schools, shopping and amenities.

With two separate residences on one title, the property offers several possibilities:
* Live in the character home and rent out the rear residence
* Retain both dwellings as a dual-income investment
* Explore Airbnb or short-stay accommodation opportunities
* Accommodate extended family or guests in a separate dwelling
* Enjoy the flexibility of adapting the property to your changing needs

For investors looking beyond a traditional single-income property, or owner-occupiers wanting to make their next home work harder financially, 82A & 82B Gregory Street presents a genuinely interesting opportunity.

INTERESTED?

Whether you're looking to secure a unique character home, expand your investment portfolio or explore the potential of two residences on one title, we'd love to show you what this property has to offer.

Inspections are welcomed, and we encourage interested buyers to contact us to discuss the property, its rental potential or to arrange a private viewing.

Dave Rawlingson
[email protected]

Joel Winkley
[email protected]

Disclaimer:
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.

Property Details

• Type: House
• Bedrooms: 4
• Bathrooms: 2
• Toilets: 1
• Land Area: 517 m² (approx)