42 Boundary StreetBundaberg South QLD 4670
Property Details for 42 Boundary St, Bundaberg South
42 Boundary St, Bundaberg South is a 2 bedroom, 1 bathroom House with 3 parking spaces and was built in 1910. The property has a land size of 873m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom House sold in Bundaberg South in the last 12 months.
Last Listing description (August 2024)
How's this for a lucrative investment? 9.1% RETURN
This large but modest Queenslander has been converted into a massive income producing triplex, offering a substantial rental return of $1050 per week. With a current 9.1% return on investment, this property promises both financial stability and potential for growth.
Upstairs: Two comfortable 2-bedroom units boasting functional living areas, large kitchen dining spaces, bathrooms, and one unit with a small balcony, perfect for enjoying the Queensland breeze.
Undercover parking is provided beneath the property, ensuring one dedicated space for each apartment.
Additional off-street parking is available at the front of the property, offering convenience for tenants and guests alike.
High Rental Return: With a combined weekly rental income of $1050, this property offers an attractive return on investment.
Potential for Growth: Positioned in a sought-after location, there's potential for rental increases over time, further enhancing your investment's profitability.
Some cosmetic work around the property will definitely increase and further offer higher rental returns and growth.
Situated only minutes from shops, public transport options, schools, and recreational facilities, ensuring tenant demand remains high.
Don't miss out on this exceptional investment opportunity! Whether you're a seasoned investor or diving into the property market for the first time, this triplex promises both financial rewards and enduring appeal.
Should you require any further information or would like to arrange a private inspection of this exclusively listed property please give the Exclusive listing Agent Driss Doukari a call on 0410516309 today.
Property History for 42 Boundary St, Bundaberg South, QLD 4670
- 14 Jun 2024Sold for $595,000
- 20 Mar 2024Listed for Sale O/A $599,000
- 12 Jun 2021Sold for $285,000
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0About Bundaberg South 4670
The size of Bundaberg South is approximately 2.2 square kilometres. It has 10 parks covering nearly 17.9% of total area. The population of Bundaberg South in 2011 was 3,424 people. By 2016 the population was 3,318 showing a population decline of 3.1% in the area during that time. The predominant age group in Bundaberg South is 20-29 years. Households in Bundaberg South are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bundaberg South work in a labourer occupation. In 2011, 41.9% of the homes in Bundaberg South were owner-occupied compared with 38.4% in 2016.
Bundaberg South has 1,971 properties. Over the last 5 years, Houses in Bundaberg South have seen a 101.77% increase in median value, while Units have seen a 63.34% increase. As at 31 July 2024:
- The median value for Houses in Bundaberg South is $427,906 while the median value for Units is $330,228.
- Houses have a median rent of $490 while Units have a median rent of $355.
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