FOR SALE
$320,000 Firm

43 Constance Street
Mareeba QLD 4880

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 708m2
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OPPORTUNITY AND POTENTIAL PLUS!

If you are looking for a great little property to add to your investment portfolio, then look no further, as 43 Constance Street, Mareeba offers an opportunity like no other!
This property is in an unbeatable location right in between the two local primary schools and just a short walk to the CBD.
Currently configured as a duplex, the old Queenslander that sits on the property yields $290 per week on one side and $310 per week on the other, that's $600 per week in total! Now that's a return that you don't see very often.
Add to that, the fact that the zoning of the land is “Centre” or a business type zoning, meaning that if you look to develop in the future, then you could look at introducing some shops or offices into your future plans!
It currently needs a bit of work, but you won't find a property available for purchase with this kind of potential in a better location than this. Currently it would be a great little earner for anyone's portfolio, add to that the supreme location and the consistent capital growth that the area has seen and it's win-win!
So, if you're looking for something with loads of future potential and want to cash in on the great returns in the short term, you know this one will be a great option to consider for your portfolio.
For more information, or to book a private inspection, call Remo Esposito on 0401 969 473 or email remo@crmareeba.com

Property Details for 43 Constance St, Mareeba

43 Constance St, Mareeba is a 5 bedroom, 2 bathroom BlockOfUnits with 2 parking spaces. The property has a land size of 708m2. The place is currently for sale with Central Realty Mareeba.

Building Type
BlockOfUnits
Land Size
708m2

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About Mareeba 4880

The size of Mareeba is approximately 480.2 square kilometres. It has 30 parks covering nearly 48.1% of total area. The population of Mareeba in 2011 was 10,181 people. By 2016 the population was 11,091 showing a population growth of 8.9% in the area during that time. The predominant age group in Mareeba is 0-9 years. Households in Mareeba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mareeba work in a labourer occupation. In 2011, 62.2% of the homes in Mareeba were owner-occupied compared with 63.4% in 2016.

Mareeba has 6,114 properties. Over the last 5 years, Houses in Mareeba have seen a 61.26% increase in median value, while Units have seen a -1.83% decrease. As at 31 October 2024:

  • The median value for Houses in Mareeba is $453,367 while the median value for Units is $294,033.
  • Houses have a median rent of $480 while Units have a median rent of $350.
There are currently 121 properties listed for sale, and 9 properties listed for rent in Mareeba on OnTheHouse. According to CoreLogic's data, 258 properties were sold in the past 12 months in Mareeba.

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