FOR SALE
Offers over $355,000

24/29 Melaleuca Street
Cooee Bay QLD 4703

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 84m2
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Coastal Living Meets Low-Maintenance Investment

Discover a low-maintenance investment gem in the heart of Cooee Bay. Perfect for savvy investors, this property is already tenanted by a reliable, long-term resident who has been happily renting for over five years, currently paying $400 per week with a secure lease in place until 24 Feb 2025. It's a true "set and forget" investment, allowing you to enjoy passive growth with peace of mind.
Ideally located within walking distance to the beach, the popular Two Sisters Cafe, parks, schools, childcare centres, and shops, this 2-bedroom apartment also offers easy access to public transport and is just minutes from Yeppoon's CBD.
• Spacious master bedroom with air-conditioning, ceiling fan, and built-in robes
• Well-sized second bedroom with built-in robes and ceiling fan
• Tiled, open-plan dining and lounge area
• Well-appointed kitchen featuring generous cupboard space, gas cooktop, oven, and exhaust fan
• Spacious bathroom and laundry area, designed for functionality and convenience
• Security screens throughout for added peace of mind
• Private rear courtyard with a charming garden, with the potential to be fully enclosed for enhanced privacy
This property is nestled in the peaceful and meticulously maintained Cooee Bay Gardens Apartments complex, where residents enjoy access to a sparkling in-ground pool, boom gate security, and a communal BBQ area. All of this is framed by lush tropical gardens, creating a welcoming and relaxed environment that appeals to both tenants and owners alike.
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Property Details for 24/29 Melaleuca St, Cooee Bay

24/29 Melaleuca St, Cooee Bay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 84m2. The place is currently for sale with Ray White Yeppoon.

Building Type
Unit
Land Size
84m2

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About Cooee Bay 4703

The size of Cooee Bay is approximately 0.7 square kilometres. It has 4 parks covering nearly 12.9% of total area. The population of Cooee Bay in 2011 was 1,255 people. By 2016 the population was 930 showing a population decline of 25.9% in the area during that time. The predominant age group in Cooee Bay is 50-59 years. Households in Cooee Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cooee Bay work in a professional occupation. In 2011, 49.2% of the homes in Cooee Bay were owner-occupied compared with 44.9% in 2016.

Cooee Bay has 586 properties. Over the last 5 years, Houses in Cooee Bay have seen a 106.59% increase in median value, while Units have seen a 137.28% increase. As at 31 October 2024:

  • The median value for Houses in Cooee Bay is $613,686 while the median value for Units is $493,541.
  • Houses have a median rent of $560 while Units have a median rent of $450.
There are currently 4 properties listed for sale, and 1 property listed for rent in Cooee bay on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Cooee bay.

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Troy Davis
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Ray White Yeppoon
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