SOLD
Sold on 18 Jul 2024 for $860,000

5 Fauna Road
Gympie QLD 4570

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 500m2
Sold By
Ray White Commercial Noosa
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Property Details for 5 Fauna Rd, Gympie

5 Fauna Rd, Gympie is a bedroom, bathroom House. The property has a land size of 500m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other bedroom House sold in Gympie in the last 12 months.

Building Type
House
Land Size
500m2
Local Government
Gympie Regional
Lot/Plan
59/SP325436

Last Listing description (September 2024)

Chantel Dielwart from RWC Noosa & Sunshine Coast is pleased to present 5 Fauna Road, Gympie to the market for sale.

Unlock the potential of Gympie's burgeoning real estate market with this exceptional opportunity. This brand new residential rooming house is poised to deliver a solid investment north of 7% for its new owner.

Strategically located in Gympie, this meticulously designed property offers five micro apartments within a modern home, each crafted to attract long-term tenants seeking comfort, convenience, and community.

Each micro apartment is complete with one bedroom, bathroom, kitchenette, an open living/dining area, private outdoor alfresco, split system air-conditioner and is fully furnished. Common areas provide an open plan communal kitchen and laundry.

With easy access to Gympie's amenities, employment hubs and educational institutions, the property's location ensures a steady stream of potential tenants. Plus, with the increasing demand for affordable housing options, this residential rooming house presents a lucrative investment opportunity for the savvy investor.

PROPERTY FEATURES

Brand new and council approved
5 bedrooms, 5 bathrooms, 2 car spaces
All the micro apartments are leased at $330 per week
$1,650 gross income per week
Fully furnished with quality brand new furniture
13kw solar system
Each apartment is sub metered for electricity
Build completed 2024

Due to the nature of this investment and the current live-in tenants, no open homes will be conducted, inspections are strictly via appointment only.

Call or email Chantel Dielwart to inspect the property or for further information.

Offices in NOOSA, MAROOCHYDORE & CALOUNDRA

* Approx.

Property History for 5 Fauna Rd, Gympie, QLD 4570

A timeline of how this property has performed in the market
Last Sold
$860,000
18 Jul 2024
  • 18 Jul 2024
    Sold for $860,000
  • 08 May 2024
    Listed for Sale Under Offer
  • 14 Apr 2023
    Sold for $220,000
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About Gympie 4570

The size of Gympie is approximately 15.2 square kilometres. It has 32 parks covering nearly 13.9% of total area. The population of Gympie in 2011 was 10,156 people. By 2016 the population was 10,787 showing a population growth of 6.2% in the area during that time. The predominant age group in Gympie is 0-9 years. Households in Gympie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gympie work in a labourer occupation. In 2011, 57.8% of the homes in Gympie were owner-occupied compared with 54.1% in 2016.

Gympie has 6,440 properties. Over the last 5 years, Houses in Gympie have seen a 104.56% increase in median value, while Units have seen a 37.24% increase. As at 31 August 2024:

  • The median value for Houses in Gympie is $521,757 while the median value for Units is $387,969.
  • Houses have a median rent of $495 while Units have a median rent of $335.
There are currently 76 properties listed for sale, and 23 properties listed for rent in Gympie on OnTheHouse. According to CoreLogic's data, 397 properties were sold in the past 12 months in Gympie.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.