FOR SALE
Under Contract

0/164-172 Spence Street
Bungalow QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
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Great Tenanted Investment 3 Bedroom Unit Prime Location

This well presented Ground Floor apartment away from street is a furnished 3 bedroom apartment returning a very solid $490 p/w increasing to around $530/week in April 2025 with long term tenants already in place willing to stay on or with 2 months’ notice to remove for you to move in yourself.
• Body corp. fees approx. $1838 p/quarter
• Council rates and water approx. $2900 p/annum
• Rent $490.00 p/w increasing April 2025
• Purchase price offers over $419,000
• Gross Yield 6.1 %
Property description:
• 3 bedrooms all with built Ins to all rooms, master with Ensuite
• 2 Bathrooms
• 2 toilets ( main bathroom, Ensuite)
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Property Details for 0/164-172 Spence St, Bungalow

0/164-172 Spence St, Bungalow is a 3 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with Onsite Property.

Building Type
Apartment

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About Bungalow 4870

The size of Bungalow is approximately 2.2 square kilometres. It has 3 parks covering nearly 1.9% of total area. The population of Bungalow in 2011 was 2,164 people. By 2016 the population was 2,159 showing a population decline of 0.2% in the area during that time. The predominant age group in Bungalow is 20-29 years. Households in Bungalow are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bungalow work in a trades occupation. In 2011, 35.1% of the homes in Bungalow were owner-occupied compared with 34.7% in 2016.

Bungalow has 1,947 properties. Over the last 5 years, Houses in Bungalow have seen a 55.86% increase in median value, while Units have seen a 51.99% increase. As at 31 October 2024:

  • The median value for Houses in Bungalow is $517,489 while the median value for Units is $307,199.
  • Houses have a median rent of $463 while Units have a median rent of $390.
There are currently 18 properties listed for sale, and 6 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Bungalow.

Suburb Insights for Bungalow 4870

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Wayne Musson
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Onsite Property
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.