FOR SALE
$175,000

5/3 Mckenzie Street
Middlemount QLD 4746

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
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Company tenant & 11.88% gross yield

As an Investor owner of this property, you will benefit from having a company lease (one of our best companies) at $400 per week through till March 2025 and a gross yield of 11.88%, calculated at the asking price of $175,000. Steel frame and steel stumps are also a huge plus and many of the furniture items were replaced only last year. These include the washing machine, clothes dryer, 2 Queen mattresses, Lounges, Microwave & also the hot water system.
Nestled in a complex that provides its occupants with access to a pool and community hall, and with an immediate neighbour on one side only, this furnished unit is likely to remain popular with tenants into the future.
Inside there are 2 bedrooms with robes and fans, plus AC & security screens throughout. The kitchen is large and modern, with glossy white cabinetry and there is a good sized bathroom.
The majority of tenants renting units in Middlemount prefer furnished, which means this unit will typically be one of the quicker ones to rent if ever there is a change of tenancy.
Rates: $3300 per year
Body Corp Fees: $4800 per year
To discuss this excellent investment opportunity, call or email Rachel: 0427 967 659 or admin@mmrealestate.com.au

Property Details for 5/3 Mckenzie St, Middlemount

5/3 Mckenzie St, Middlemount is a 2 bedroom, 1 bathroom Unit with 2 parking spaces. The place is currently for sale with Onsite Property.

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About Middlemount 4746

The size of Middlemount is approximately 503.7 square kilometres. It has 6 parks covering nearly 0.2% of total area. The population of Middlemount in 2011 was 1,914 people. By 2016 the population was 1,831 showing a population decline of 4.3% in the area during that time. The predominant age group in Middlemount is 30-39 years. Households in Middlemount are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Middlemount work in a machinery operators and drivers occupation. In 2011, 2.8% of the homes in Middlemount were owner-occupied compared with 3.6% in 2016.

Middlemount has 1,087 properties. Over the last 5 years, Houses in Middlemount have seen a 44.94% increase in median value, while Units have seen a 75.73% increase. As at 31 October 2024:

  • The median value for Houses in Middlemount is $176,312 while the median value for Units is $177,196.
  • Houses have a median rent of $395 while Units have a median rent of $350.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Middlemount on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Middlemount.

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