Geraldton at a glance
3,431
People
$590,000
Median sale
$460/wk
Median rent
4.05%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
WA › Geraldton › Chapman Rd
$1,130,000
Last sold
17 Jan 2025
6
Bedrooms
4
Bathrooms
4
Car spaces
680 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,130,000
17 Jan 2025 · derived via latest_sale
Local land rate: recorded House sales in Geraldton (last 5 years) with land size have a median of $740/m² of land (n=55). Districts calculation from recorded sales — not a valuation.
Geraldton at a glance
3,431
People
$590,000
Median sale
$460/wk
Median rent
4.05%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
Vs Geraldton
+91.5%
Median sale
Suburb $590,000
-1.93 pp
Gross yield
Suburb 4.05%
Suburb median $590,000 from 43 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 680 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $460/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 680 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Geraldton at a glance
3,431
People
$590,000
Median sale
$460/wk
Median rent
4.05%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Agency PerthNOW SELLING
Offered to the open market for the first time in 33 years, this exceptional property presents a rare and golden opportunity. With a proven track record as a high-income producer and an irreplaceable location, it's a true gem for savvy investors or those seeking a lucrative addition to their portfolio. Having been meticulously maintained and cherished by the current owner for over three decades, this is your chance to secure a unique and highly sought-after asset.
Located at 124 Chapman Road, Geraldton and known as the Champion Bay Apartments, this property is ideally located for short-stay accommodation. Positioned directly across from the Marina, it offers guests scenic views and convenient access to waterfront activities. Within walking distance, guests can enjoy nearby parklands for leisure and relaxation, and the Northgate Shopping Plaza is just a two-minute stroll away, offering a variety of retail, dining, and everyday necessities. This unbeatable location ensures a seamless and enjoyable experience for both leisure and business travelers.
The property has demonstrated impressive financial performance, generating $221,541 in revenue over the past 12 months, a significant increase from $182,498 in the previous year. This steady growth is attributed to rising room rates, driven by strong demand and the property's desirable location and amenities. With its proven income potential, this investment offers a relatively reliable and potentially still growing revenue stream for years to come.
If you would like further information on how the properties are currently managed and other costs associated please contact the selling agent for a confidential discussion.
THINGS YOU SHOULD KNOW
The property features four thoughtfully designed units, all held under a single title. It includes two two-bedroom units and two one-bedroom units, catering to diverse guest needs. The flexibility of the unit types ensures it appeals to families, couples, and solo travelers alike.
Built with durable brick construction, the property showcases timeless appeal and low-maintenance exteriors. Inside, the units are enhanced by polished wooden floorboards that are in excellent condition, adding warmth and elegance to the spaces. High-pitched ceilings in the main living areas create an inviting sense of openness, giving each unit a more expansive and airy feel. These thoughtful architectural details elevate the guest experience and set the property apart from standard accommodations.
Each unit is fully self-contained, featuring a private kitchen and bathroom for guest convenience. Secure undercover lock-up garages are located at the rear of the premises, ensuring vehicles are safely stored during their stay. Shared amenities include a well-kept lawn and garden area, perfect for relaxation, and a paved undercover BBQ space, offering a communal area for guests to unwind or enjoy meals outdoors.
The property's combination of an exceptional location, well-maintained interiors, and comprehensive amenities makes it a premier choice for short-stay accommodation in Geraldton. Its proximity to key attractions and practical design features ensure a comfortable and memorable experience for all guests.
INTERESTED?
For further information please contact Joel Winkley from The Agency on 0417 977 593 or email joelw@theagency.com.au to make all offers and to book all viewings. Please note that inspections are subject to availability with the properties occupancy so high viewings will need to fit in with check ins and servicing of the apartments so your patience is appreciated, we look forward to assisting you further to purchase this brilliant property.
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.
Listing description written by Joel Winkley, The Agency Perth — reproduced as published, not verified by Districts.