FOR SALE
285000 FIRM

27 Trower Street
Tully QLD 4854

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 591m2
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PRIME INVESTMENT OPPORTUNITY -13% ROI- SOLID 4 BRM WALK CBD, NEAR MISSION BEACH- YOUR GATEWAY TO SERENITY & ADVENTURE- $285,000 FIRM

This four bedroom home is not only suitable as a family residence but also serves as an ideal investment property. It is currently rented at $340 per week, providing a steady rental income for potential investors.
Upon entering the front, you step into a spacious open plan area that includes the kitchen, living, and dining areas. The L-shaped kitchen offers ample space, allowing for the addition of an island bench if desired. Additionally, there is a walk-in pantry or storage area for added convenience.
All of the bedrooms in the house are carpeted and equipped with air conditioning for optimal comfort. The bathroom features a shower, and there is a separate toilet. An internal laundry is also present, providing easy access to the clothesline. Adjacent to the home, you'll find a two-vehicle carport for parking convenience.
In addition to its rental potential, the property boasts a desirable feature: it is situated on the riverfront. This scenic location adds to the property's appeal and potential value.
Regarding the costs associated with the property, the approximate rates are $1800 per half year. This information is provided to give potential investors an idea of the ongoing expenses associated with the property.
In summary, this four bedroom home offers not only a great living space but also a lucrative investment opportunity. With its current rental income, riverfront location, and approximate rates, it presents an attractive option for investors seeking a profitable investment property.
Annual Rental Income = $17,680 (as calculated previously)
Annual Expenses = $3,600 (rates)
ROI = 13.94%

Property Details for 27 Trower St, Tully

27 Trower St, Tully is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 591m2. The place is currently for sale with @realty.

Building Type
House
Land Size
591m2

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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 1,382 properties. Over the last 5 years, Houses in Tully have seen a 76.51% increase in median value, while Units have seen a 86.65% increase. As at 30 September 2024:

  • The median value for Houses in Tully is $331,017 while the median value for Units is $205,366.
  • Houses have a median rent of $340 while Units have a median rent of $240.
There are currently 71 properties listed for sale, and 12 properties listed for rent in Tully on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Tully.

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