FOR SALE
$698,000

6 Lorraine Court
Gracemere QLD 4702

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 209m2
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Prime Investment Opportunity at 6 Lorraine Court, Gracemere – Strata Titled Units

Here's your chance to secure a high-yield investment in the heart of Gracemere. Located at 6 Lorraine Court, this property comprises two strata-titled units—each with their own title, offering the potential for flexible ownership and future capital gains.
Key Features:
Unit 1: Currently returning $420 per week
Unit 2: Currently returning $400 per week
Land size: Generous 800m² block, providing ample space for future development or possible strata-split opportunities down the track
2 bedrooms, 1 bathroom per unit – designed for easy living and maximum rental appeal
Close proximity to schools, shopping centers, parks, and transport links – ensuring strong tenant demand and minimal vacancy
Why is This a Great Investment?
High Rental Return: The units are already generating solid rental income, with Unit 1 earning $420 per week and Unit 2 at $400 per week—a combined weekly rental income of $820. In today's market, this represents a fantastic return on investment.
Strata Titled: With separate titles for each unit, you have increased flexibility in your investment strategy. You can purchase them individually or simply purchase both for strong rental income.
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Property Details for 6 Lorraine Ct, Gracemere

6 Lorraine Ct, Gracemere is a 4 bedroom, 2 bathroom DuplexSemi-detached with 2 parking spaces. The property has a land size of 209m2. The place is currently for sale with Mr Real Estate Rockhampton.

Building Type
DuplexSemi-detached
Land Size
209m2

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About Gracemere 4702

The size of Gracemere is approximately 70 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Gracemere in 2011 was 8,400 people. By 2016 the population was 11,317 showing a population growth of 34.7% in the area during that time. The predominant age group in Gracemere is 0-9 years. Households in Gracemere are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gracemere work in a trades occupation. In 2011, 63.8% of the homes in Gracemere were owner-occupied compared with 53.1% in 2016.

Gracemere has 5,030 properties. Over the last 5 years, Houses in Gracemere have seen a 106.29% increase in median value, while Units have seen a 19.85% increase. As at 31 October 2024:

  • The median value for Houses in Gracemere is $544,778 while the median value for Units is $349,851.
  • Houses have a median rent of $490 while Units have a median rent of $435.
There are currently 48 properties listed for sale, and 17 properties listed for rent in Gracemere on OnTheHouse. According to CoreLogic's data, 401 properties were sold in the past 12 months in Gracemere.

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Darcy Allen
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Elijah Alley
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Mr Real Estate Rockhampton
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