FOR SALE
$1,095,000

18 Poole Street
Bowen QLD 4805

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 81m2
Land area: 2287m2
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6 FREEHOLD STRATA UNITS

TO BE SOLD AS A FULL SET OF SIX SUPER-CENTRALLY LOCATED TWO BEDROOM UNITS.
These solid masonry block residences are located on a fabulous big 2,287 square metre site with 40+ metre frontage in the centre of town in quiet surrounds less than a block away from the town primary school and only a couple of blocks from the CBD shopping precinct, Post Office and harbour-front parkland and beach. These super convenient units are located such that you can live very comfortably without need for a car. They are perfect as rental investment properties but equally perfect as your comfy home each with a roomy 81 square metre footprint and allocated single carport.
Total building coverage 630 square metres approximately so on a 2,287 square metre site this means such low density is attractive to owner occupiers. If you choose to renovate for re-sale of individual units, as one option, it will be owner occupiers as well as investors who will seek the opportunity to purchase your upgraded units based on spatial comfort, both interior and exterior, as well as good location.
Having strata title in place is the gateway to this opportunity. All units are being offered in one parcel by the one owner and, as such, the strata is inactive but is fully formed so that individual sales can be undertaken by you at a future time of your choosing.
Room sizes are surprisingly good with roomy bedrooms and living space. With the coalescence of many good factors such as the location, interior and exterior space, car parking, accessibility and rental price point these units are a reliable rental prospect with easy, high occupancy.
Bowen's rental market is very strong both in terms of demand with resultant high occupancy, cashflow and in rental return. Overall, supply of lettable dwellings is diminished by several factors including buyers acquiring properties in the rental pool to live in for themselves. Also, changing from one property to another is more risky for tenants and this results in more stable tenures. This all bodes well for your investment plan. Then there is your plan for value-adding to boost your total return.
We recommend you inspect to see the benefits and potential. An inspection appointment is necessary.

Property Details for 18 Poole St, Bowen

18 Poole St, Bowen is a 2 bedroom, 1 bathroom BlockOfUnits with 1 parking spaces. The property has a land size of 2287m2 and floor size of 81m2. The place is currently for sale with Professionals - Bowen.

Building Type
BlockOfUnits
Floor Size
81m2
Land Size
2287m2

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About Bowen 4805

The size of Bowen is approximately 1,650.5 square kilometres. It has 27 parks covering nearly 4.2% of total area. The population of Bowen in 2011 was 10,260 people. By 2016 the population was 10,376 showing a population growth of 1.1% in the area during that time. The predominant age group in Bowen is 50-59 years. Households in Bowen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bowen work in a labourer occupation. In 2011, 59.1% of the homes in Bowen were owner-occupied compared with 56% in 2016.

Bowen has 6,625 properties. Over the last 5 years, Houses in Bowen have seen a 80.22% increase in median value, while Units have seen a 80.07% increase. As at 31 August 2024:

  • The median value for Houses in Bowen is $411,938 while the median value for Units is $302,080.
  • Houses have a median rent of $550 while Units have a median rent of $400.
There are currently 175 properties listed for sale, and 20 properties listed for rent in Bowen on OnTheHouse. According to CoreLogic's data, 385 properties were sold in the past 12 months in Bowen.

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