OFF MARKET

34 Morshead Street
Avenell Heights QLD 4670

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Floor area: 177m2
Land area: 728m2
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Property Details for 34 Morshead St, Avenell Heights

34 Morshead St, Avenell Heights is a 4 bedroom, 3 bathroom Unit with 4 parking spaces and was built in 1960. The property has a land size of 728m2 and floor size of 177m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
1960
Floor Size
177m2
Land Size
728m2
Local Government
Bundaberg Regional
Lot/Plan
1/RP110207

Last Listing description (April 2020)

Call Exclusive Marketing Agent Michael Loader direct to ensure you are fully informed on this awesome investment opportunity returning over 8% PER ANNUM, more than three times as good as bank interest with multiple incomes! This cash cow would make the ideal long-term investment for the savvy investor/ super fund portfolio with a combination of positive cashflow and location, its a no brainer!

Featuring:


- 3 x brick units, (one x 2 bedroom + 2x1 bedroom) in a top location with high yields & tight vacancy rates

- All units have single bathroom, single car port & spacious living area

- Sound brick construction, very neat and tidy with large yards & additional balcony for the morning coffee

- Each unit has been updated when required over the years, some tlc required outside

- Long term great tenants in place whom present the units exceptionally well and all live together in harmony. All wanting long term security & care for their units well

- AWESOME RETURNS ON OFFER WITH Unit 1 - $185 p/w + Unit 2 - $195 p/w + Unit 3 $235 p/w, a total of $615 per week in income or $31,980 per annum. Secure income guaranteed!

- Large allotment in great location just 100m to a great park and short stroll to the shops and schooling

- The property has always been fully tenanted over the past 15 years proving very popular for both location and ease of access to the CBD

- Very Quiet, secure and safe location within walking distance to all amenities.

- All three dwellings are on 1 title eg Triplex. Rates approx $3000 ph

- Why would you sell such a dream investment some may ask?? My seller is downsizing their portfolio, meaning an outstanding opportunity presents itself for one lucky buyer!

- Rare as hens teeth, nowhere else in 4670 will you find such a solid positive geared investment property with multiple income and such quality tenancies in place!

- Ideal super fund nest egg/ straight out investment property with the ability to value add down the track. THIS WILL MAKE YOU MONEY NOT COST YOU MONEY!!!

- As far as investments go, this one ticks every box Location, returns, secure tenants and high yields, yes there are a few cosmetics outside to tidy up in time however these returns will fund it. What are you waiting for, act today!

- **Please note unit 3 was not available at the time of photography, photos of this unit can be supplied upon request along with copies of the leases and tenant history***

- 100% FLOOD FREE, HIGH AND DRY & NOTHING TO DO!

IF YOU HAVE BEEN SEARCHING FOR A GREAT LONG TERM INVESTMENT OPTION COMBINING POSITIVE CASHFLOW WITH A SUPERB LOCATION, THIS IS IT! PRICED FOR IMMEDIATE SALE THIS ONE WILL GET SOME SERIOUS INTEREST SO BE QUICK THE OWNERS WANT TO DO A DEAL ASAP

***FOR FURTHER INFORMATION, OPEN TIMES & ADDITIONAL PHOTOS VISIT www.michaelloader.com.au*** CONTACT EXCLUSIVE MARKETING AGENT MICHAEL LOADER TODAY TO ARRANGE YOUR INSPECTION OR TO SUBMIT YOUR OFFER!

*Disclaimer: In preparing this document we have used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility in respect to any errors, omissions, inaccuracies, or misstatements contained in this document. Prospective Purchasers should make their own enquiries to verify the information contained in the document*

Property Code: 130

Property History for 34 Morshead St, Avenell Heights, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$370,000
16 Mar 2020
Listed for Rent
$180/w
01 Mar 2012
  • 16 Mar 2020
    Sold for $370,000
  • 11 Dec 2019
    Listed for Sale Offer's Above - $379,000
  • 06 Sep 2019
    Listed for Rent $235 / week
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About Avenell Heights 4670

The size of Avenell Heights is approximately 3 square kilometres. It has 6 parks covering nearly 15% of total area. The population of Avenell Heights in 2011 was 5,164 people. By 2016 the population was 4,844 showing a population decline of 6.2% in the area during that time. The predominant age group in Avenell Heights is 50-59 years. Households in Avenell Heights are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Avenell Heights work in a professional occupation. In 2011, 60.2% of the homes in Avenell Heights were owner-occupied compared with 61.7% in 2016.

Avenell Heights has 2,403 properties. Over the last 5 years, Houses in Avenell Heights have seen a 129.82% increase in median value, while Units have seen a 72.44% increase. As at 31 October 2024:

  • The median value for Houses in Avenell Heights is $480,164 while the median value for Units is $357,311.
  • Houses have a median rent of $550 while Units have a median rent of $370.
There are currently 8 properties listed for sale, and no properties listed for rent in Avenell heights on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in Avenell heights.

Suburb Insights for Avenell Heights 4670

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.