FOR SALE
Under Contract

32/201-203 Aumuller Street
Bungalow QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Investment Opportunity: Renovated Apartment With Good Rental Returns

Attention investors! This renovated 2-bedroom, 2-bathroom apartment is a must-see for anyone looking to add a high-performing asset to their portfolio.
Located on the top floor, just minutes from the city centre, this property combines modern living with excellent investment potential.
Key Investment Features:
- Low-Maintenance: The apartment has been recently renovated, featuring modern large kitchen, bathrooms, plus timber plank flooring throughout, ensuring a low-maintenance lifestyle that appeals to tenants.
- Desirable Layout: Both bedrooms are generously sized, each with a private ensuite, air conditioning, and spacious walk-in robes, making it highly attractive for tenants seeking comfort and convenience.
- Other Amenities: The unit includes an internal laundry area complete with a dryer, a resort-style pool within the complex, and a secure undercover carport.
- Prime Location: Situated close to public transport and only a short distance from the city center, this property ensures consistent tenant demand.
FINANCIALS
- Rental Appraisal: $400-$420 per week
- Current Rental Income: $320 per week until February 2025
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Property Details for 32/201-203 Aumuller St, Bungalow

32/201-203 Aumuller St, Bungalow is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The place is currently for sale with Twomey Schriber Property Group.

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Unit

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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 1,946 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 2 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Bungalow.

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Pauline Humphries
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