FOR SALE
$535,000

19 Richardson Street
Tully QLD 4854

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
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Investment Opportunity in Tully

Discover this exceptional investment opportunity in the heart of Tully. This expansive property boasts Four spacious units with two bedrooms and one bathroom in each unit, making it an ideal choice for investors seeking to capitalize on the growing demand for rental properties in urban areas.
Property Features:
- Land Area: 476 sqm of prime real estate with a car park for each unit on the property.
Location Highlights:
Situated in Tully, this property is strategically located to attract a diverse range of tenants, including professionals, families, and students. The property is only 1 minute walk from the main street, gym and Bank.
Shopping and Dining: A variety of local shops, cafes, and restaurants are just a stone’s throw away, enhancing the appeal of the location.
Parks and Recreation: Nearby green spaces provide opportunities for outdoor activities, promoting a balanced lifestyle.
Investment Potential:
With the current rental market this property presents a lucrative investment opportunity. The high demand for rental accommodation in Tully ensures a steady stream of potential tenants, making it a sound addition to any investment portfolio.
Conclusion:
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Property Details for 19 Richardson St, Tully

19 Richardson St, Tully is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The place is currently for sale with LJ Hooker Tully.

Building Type
Unit

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About Tully 4854

The size of Tully is approximately 16.7 square kilometres. It has 9 parks covering nearly 4.7% of total area. The population of Tully in 2011 was 2,435 people. By 2016 the population was 2,386 showing a population decline of 2.0% in the area during that time. The predominant age group in Tully is 20-29 years. Households in Tully are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tully work in a labourer occupation. In 2011, 55.7% of the homes in Tully were owner-occupied compared with 56.2% in 2016.

Tully has 1,383 properties. Over the last 5 years, Houses in Tully have seen a 78.14% increase in median value, while Units have seen a 84.58% increase. As at 31 October 2024:

  • The median value for Houses in Tully is $321,217 while the median value for Units is $209,391.
  • Houses have a median rent of $340 while Units have a median rent of $300.
There are currently 76 properties listed for sale, and 12 properties listed for rent in Tully on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Tully.

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Hercules Argyros
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LJ Hooker Tully
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