FOR SALE
$1,355,000

34-38 Bright Street
Emu Park QLD 4710

Bedrooms: 7
Bathrooms: 7
Car spaces: 5
Land area: 2474m2
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Chance in a Life Time!

Location Location Location! Opportunities like this are once-in-a-lifetime. Imagine owning a prime investment property, perfectly situated to benefit from both current rental income and future development potential. This unique property, set across a generous 2,474m² on two titles, boasts seven units with stunning views over Emu Park's CBD, Keppel Bay, and the Keppel Islands.
Immediate renal income - Six of the seven units are currently tenanted, providing a reliable combined weekly income of $1,070. The remaining unit is available for you to live in or use as a holiday retreat.
Options for Future Development - Explore the potential to sell one of the vacant titles, add storage units, or even consider developing a larger multi-unit complex to maximize returns.
Unit 1
* Entry area and large sleep-out
* One large bedroom with two doors and extra high ceilings
* Large living space with high ceilings
* Large room with kitchen
* Bathroom, new upgraded shower, hotwater system, separate toilet and laundry
* Seaviews from the front door
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Property Details for 34-38 Bright St, Emu Park

34-38 Bright St, Emu Park is a 7 bedroom, 7 bathroom BlockOfUnits with 5 parking spaces. The property has a land size of 2474m2. The place is currently for sale with Seachange Realty Emu Park.

Building Type
BlockOfUnits
Land Size
2474m2

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About Emu Park 4710

The size of Emu Park is approximately 21.8 square kilometres. It has 8 parks covering nearly 4.2% of total area. The population of Emu Park in 2011 was 2,022 people. By 2016 the population was 2,132 showing a population growth of 5.4% in the area during that time. The predominant age group in Emu Park is 60-69 years. Households in Emu Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Emu Park work in a trades occupation. In 2011, 64.9% of the homes in Emu Park were owner-occupied compared with 64.8% in 2016.

Emu Park has 1,514 properties. Over the last 5 years, Houses in Emu Park have seen a 115.71% increase in median value, while Units have seen a 114.58% increase. As at 31 October 2024:

  • The median value for Houses in Emu Park is $630,692 while the median value for Units is $355,174.
  • Houses have a median rent of $535 while Units have a median rent of $425.
There are currently 31 properties listed for sale, and 15 properties listed for rent in Emu park on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Emu park.

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Damien Thwaite
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Seachange Realty Emu Park
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