FOR SALE
$450,000

298 Palmerston Highway
Belvedere QLD 4860

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 809m2
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Investors will love it

This renovated duplex is a fantastic rental investment opportunity.
This property has recently had a full renovation with fresh paint right through, new floor coverings, and new split system air conditioning throughout. The kitchen cabinets were supplied by a leading local company and all tapware and vanity cabinets are new. The plumbing has been renewed as has the electrical with all new switches, power points, and ceiling fans. Both hot water units have also been replaced. Both Laundry tubs are new and the property had a full roof replacement under ten years ago which brought them up to the current code for cyclone rating. Both units have their lock-up garages with internal access, also freshly painted. They are quiet and secure and only a 5-minute drive to the town centre.
On one title they get $300 per week each in rent and the rental market in Innisfail is currently running at almost zero vacancy. The tenant in the first unit is an older woman who keeps the property immaculately and the other tenant is on a month-to-month lease. You will get the benefit of depreciation of all the new improvements and you would expect that both rents will rise at the next review in May. With a tenant on a month-to-month lease, this allows the ability to possibly live in one and rent the other. Sitting on 809 square metres and surrounded by quality homes this is a rare find.
These are set and forget. We have managed this duplex for several years and there have been no issues.
Contact Michael Skuse

Property Details for 298 Palmerston Hwy, Belvedere

298 Palmerston Hwy, Belvedere is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 809m2. The place is currently for sale with Raine & Horne Innisfail.

Building Type
House
Land Size
809m2

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About Belvedere 4860

The size of Belvedere is approximately 2.1 square kilometres. It has 2 parks covering nearly 1.4% of total area. The population of Belvedere in 2011 was 851 people. By 2016 the population was 914 showing a population growth of 7.4% in the area during that time. The predominant age group in Belvedere is 0-9 years. Households in Belvedere are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Belvedere work in a labourer occupation. In 2011, 60.8% of the homes in Belvedere were owner-occupied compared with 61.3% in 2016.

Belvedere has 379 properties. Over the last 5 years, Houses in Belvedere have seen a 78.65% increase in median value, while Units have seen a 54.07% increase. As at 31 October 2024:

  • The median value for Houses in Belvedere is $297,133 while the median value for Units is $260,194.
  • Houses have a median rent of $450 while Units have a median rent of $230.
There are currently 13 properties listed for sale, and 3 properties listed for rent in Belvedere on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Belvedere.

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Michael Skuse
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Raine & Horne Innisfail
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