FOR SALE
$450,000

4 Alfred Street
Nanango QLD 4615

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Land area: 814m2
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Calling All Investors - Tidy Grand Old Building with an Excellent 8% + Return

Zoned multi units & currently configured into 3 separate units this grand old lady is located in a great down town locale within an easy stroll to the cbd shops, schools and town pool.
Offering the following features:-
• Configuration: Three individual units
Gross Return: Solid over 8%
Total Weekly Income: Currently returning $705 per week
Location: Prime downtown spot, close to shops, schools, and town pool
• Unit Details:
Unit 1 a 3-Bedroom unit currently returning $255/wk with the current lease ending early April 2025.
Unit 2 a 1-Bedroom unit currently returning $215/wk with the current lease ending mid December 2024.
Unit 3 a 2 -Bedroom unit currently returning $235/wk with the current lease ending early April 2025.
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Property Details for 4 Alfred St, Nanango

4 Alfred St, Nanango is a 6 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 814m2. The place is currently for sale with Freeman Estates.

Building Type
BlockOfUnits
Land Size
814m2

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About Nanango 4615

The size of Nanango is approximately 31.2 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of Nanango in 2011 was 3,795 people. By 2016 the population was 3,596 showing a population decline of 5.2% in the area during that time. The predominant age group in Nanango is 60-69 years. Households in Nanango are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nanango work in a labourer occupation. In 2011, 63.1% of the homes in Nanango were owner-occupied compared with 60.8% in 2016.

Nanango has 2,198 properties. Over the last 5 years, Houses in Nanango have seen a 116.71% increase in median value, while Units have seen a 22.98% increase. As at 31 October 2024:

  • The median value for Houses in Nanango is $403,203 while the median value for Units is $185,166.
  • Houses have a median rent of $440 while Units have a median rent of $295.
There are currently 45 properties listed for sale, and 3 properties listed for rent in Nanango on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Nanango.

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James Mckee
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Freeman Estates
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