FOR SALE
$380,000

61-63 Mourilyan Road
East Innisfail QLD 4860

Bedrooms: 5
Bathrooms: 2
Car spaces: 3
Land area: 925m2
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Two for the price of one

This 925 sqm block features two freestanding timber homes from the 1950s era. They have been strata-titled but are owned by one investor so no body corporate fees. If you remove the clutter of day-to-day living, you are left with three bedrooms and a two-bedroom cottage with decent kitchens and serviceable bathrooms. They have been fenced to provide for individual private backyards and corner access into the rear carports for vehicles. If I didn't tell you they were on the one title you would just see two separate freestanding homes.
The land is sitting almost at the top of Mourilyan Road on a corner block, very close to town and completely away from any flood risk. Both tenants are on a month-to-month agreement and pay $210 and $240 per week. They have not had a rent increase since 2019.
Both properties could use a little cosmetic work but neither appears to need anything major at this stage.
The numbers add up and the potential is to renovate the cottages and sell them separately, which can be done as a result of the strata title.
Contact Michael Skuse

Property Details for 61-63 Mourilyan Rd, East Innisfail

61-63 Mourilyan Rd, East Innisfail is a 5 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 925m2. The place is currently for sale with Raine & Horne Innisfail.

Building Type
House
Land Size
925m2

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About East Innisfail 4860

The size of East Innisfail is approximately 1.4 square kilometres. It has 4 parks covering nearly 8.6% of total area. The population of East Innisfail in 2011 was 1,827 people. By 2016 the population was 1,841 showing a population growth of 0.8% in the area during that time. The predominant age group in East Innisfail is 10-19 years. Households in East Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Innisfail work in a labourer occupation. In 2011, 57.6% of the homes in East Innisfail were owner-occupied compared with 56.5% in 2016.

East Innisfail has 913 properties. Over the last 5 years, Houses in East Innisfail have seen a 71.87% increase in median value, while Units have seen a 50.60% increase. As at 31 October 2024:

  • The median value for Houses in East Innisfail is $299,375 while the median value for Units is $295,784.
  • Houses have a median rent of $420 while Units have a median rent of $290.
There are currently 12 properties listed for sale, and 6 properties listed for rent in East innisfail on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in East innisfail.

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Michael Skuse
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Raine & Horne Innisfail
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