FOR SALE
Offers over $475000

7/40 Gledson Street
North Booval QLD 4304

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Easy Living Or Investor Special

Easy Living or investor Special!!
7/40-56 Gledson Street, North Booval
Welcome to 7/40-56 Gledson Street, North Booval – an excellent opportunity for investors and first-home buyers alike. Nestled in the sought-after Azzura Village gated community, this property offers a potential rental yield exceeding 5% alongside a low-maintenance, lock-up-and-go lifestyle. Residents enjoy access to a large communal pool, relaxing spa, and BBQ area, all in a secure, well-managed complex. Whether you're looking for a smart investment or a hassle-free home, this property delivers unbeatable value in a prime location.
This property is currently tenanted on a fixed lease agreement for $400.00 per week until 04/01/2025. An increase is due in January to be negotiated with new buyer. Market rent is $435-$475pw.
Features of this property:
- Currently occupied with exceptional tenant wanting to stay the lease expires on 4 January
- Air-conditioned living area
- carpeted lounge and dining room
- Dishwasher, electric cooktop and oven, rangehood, pantry, breakfast bar and plenty of cupboard space
- Single lockup remote garage, with space for a second car in front + additional storage and internal laundry
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Property Details for 7/40 Gledson St, North Booval

7/40 Gledson St, North Booval is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The place is currently for sale with RAAS Property Group.

Building Type
Townhouse

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About North Booval 4304

The size of North Booval is approximately 3 square kilometres. It has 8 parks covering nearly 8.9% of total area. The population of North Booval in 2011 was 2,431 people. By 2016 the population was 3,169 showing a population growth of 30.4% in the area during that time. The predominant age group in North Booval is 0-9 years. Households in North Booval are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in North Booval work in a labourer occupation. In 2011, 52.4% of the homes in North Booval were owner-occupied compared with 44% in 2016.

North Booval has 1,266 properties. Over the last 5 years, Houses in North Booval have seen a 99.42% increase in median value, while Units have seen a 91.90% increase. As at 30 September 2024:

  • The median value for Houses in North Booval is $560,535 while the median value for Units is $460,776.
  • Houses have a median rent of $500 while Units have a median rent of $365.
There are currently 21 properties listed for sale, and 2 properties listed for rent in North booval on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in North booval.

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Mick Rush
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RAAS Property Group
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