FOR SALE
Under Contract

51 Louisa Street
Mitchell QLD 4465

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 2023m2
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Investment Opportunity : Four 2-Bedroom Units in Mitchell

Calling all Entry Level Investors!
Introducing a remarkable investment opportunity in the tranquil country town of Mitchell, this expansive property offers a unique blend of country living with the potential for substantial rental yield or redevelopment. With a generous land area of 2,023 square meters, this is a rare find in a sought-after location.
Property Highlights:
- An 8-bedroom, 4 Bathroom block of units just awaiting some TLC, continue reaping the great rental return or convert into a bed and breakfast for the constant flow of visitors to this bustling humble town.
- 4 carport spaces provide shelter for vehicles and additional storage options.
- Shared laundry facilities provide convenience for residents. Say goodbye to the hassle of trips to the laundromat as this feature ensures effortless access to laundry facilities within the grounds of the complex
- A sprawling land area of 2,023 sqm, offering extensive outdoor space for gardening, leisure or potential for adding more dwellings (STCA)
- All units are currently rented and accumulate $755 per week which is a 12% rental yield!
These units boast functional layouts with open plan kitchen, living and dining area providing a blank canvas for modernization or customization according to your investment strategy. Outdoor living is a highlight, with a vast covered patio area perfect for al fresco dining, entertaining or simply enjoying the serene country atmosphere.
Investors will appreciate the potential for capital growth in an area characterized by its community feel and steady demand for rental properties. Don't miss the chance to capitalize on this exceptional investment opportunity where country charm meets limitless potential.
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Property Details for 51 Louisa St, Mitchell

51 Louisa St, Mitchell is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 2023m2. The place is currently for sale with LJ Hooker Roma.

Building Type
BlockOfUnits
Land Size
2023m2

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About Mitchell 4465

The size of Mitchell is approximately 602.6 square kilometres. It has 5 parks covering nearly 2.6% of total area. The population of Mitchell in 2011 was 1,310 people. By 2016 the population was 1,042 showing a population decline of 20.5% in the area during that time. The predominant age group in Mitchell is 0-9 years. Households in Mitchell are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mitchell work in a managers occupation. In 2011, 68.4% of the homes in Mitchell were owner-occupied compared with 71.2% in 2016.

Mitchell has 715 properties. Over the last 5 years, Houses in Mitchell have seen a 73.45% increase in median value. As at 31 July 2024:

  • The median value for Houses in Mitchell is $144,513 while the median value for Units is $231,012.
  • Houses have a median rent of $170.
There are currently 19 properties listed for sale, and 1 property listed for rent in Mitchell on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Mitchell.

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Melanie O'Brien
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LJ Hooker Roma
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