FOR SALE
$550,000

77-79 Rankin Street
Innisfail QLD 4860

Bedrooms: 8
Bathrooms: 5
Car spaces: -
Land area: 2024m2
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POSITION, PRICE, OUTSTANDING POTENTIAL

The central location of this 2,024 sqm double block makes it a stand out future development site. And whilst you are exploring all the possibilities, you can maintain a steady rental income stream.
5 x Tenanted units.
1 x 3 Bedrooms, 2 x 2 Bedrooms, 2 x 1 Bedroom.
River views.
Located approximately 250 metres from the Innisfail Hospital and 450 metres from the Innisfail CBD.
List #1680

Property Details for 77-79 Rankin St, Innisfail

77-79 Rankin St, Innisfail is a 8 bedroom, 5 bathroom BlockOfUnits. The property has a land size of 2024m2. The place is currently for sale with A&A Realty - Innisfail.

Building Type
BlockOfUnits
Land Size
2024m2

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About Innisfail 4860

The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2011 was 1,075 people. By 2016 the population was 1,137 showing a population growth of 5.8% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation. In 2011, 35.4% of the homes in Innisfail were owner-occupied compared with 32% in 2016.

Innisfail has 885 properties. Over the last 5 years, Houses in Innisfail have seen a 81.65% increase in median value, while Units have seen a 58.14% increase. As at 31 October 2024:

  • The median value for Houses in Innisfail is $286,061 while the median value for Units is $314,516.
  • Houses have a median rent of $325 while Units have a median rent of $285.
There are currently 34 properties listed for sale, and 16 properties listed for rent in Innisfail on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Innisfail.

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