98 Hughes RoadBargara QLD 4670
Property Details for 98 Hughes Rd, Bargara
Last Listing description (March 2024)
For Sale is a large two story Queenslander house on 2 house block size allotments that could be developed at any time with an approx area of 1600sqm.
The house is currently used as a Share House by Back-packers and fruit pickers accommodating up to twelve (12 people) at a time. The share house is fully approved for these purposes and complies with standards.
The home would also suit a large family wanting the sea change.
The current rental rates are $165-$200 per person per week representing a magnificent return with occupancy rates of over 80%. The house is very popular with the back-packers with plenty of work in the locality. Nearby farms are interested in making annual accommodation arrangements for their pickers.
The house comprises of 7 bedrooms and 2 Bathrooms. It is high-set with bedrooms and living area, kitchen & laundry facilities downstairs and
the upper floor has bedrooms, living area, wrap-around verandah on three sides. The front verandah provides a large living
area of covered outdoor living space on both first and ground floors.
The property is superbly located with just a 10 minute walk to central Bargara and a hop-skip-and a jump to the nearest beach, making it very popular with the travelers.
An outstanding opportunity for investment offering immediate returns with the prospect of further growth in this fast moving development area.
Also the current owner would be very interested in renting back for a period of 12 months.
Property History for 98 Hughes Rd, Bargara, QLD 4670
- 17 Jan 2024Listed for Sale Not Disclosed
- 23 Sep 2023Listed for Sale $990,000
- 06 Sep 2022Listed for Sale O/A $899,000
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About Bargara 4670
The size of Bargara is approximately 9.3 square kilometres. It has 33 parks covering nearly 13.8% of total area. The population of Bargara in 2011 was 6,893 people. By 2016 the population was 7,461 showing a population growth of 8.2% in the area during that time. The predominant age group in Bargara is 60-69 years. Households in Bargara are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bargara work in a professional occupation. In 2011, 60.7% of the homes in Bargara were owner-occupied compared with 63.9% in 2016.
Bargara has 4,949 properties. Over the last 5 years, Houses in Bargara have seen a 104.41% increase in median value, while Units have seen a 95.42% increase. As at 31 October 2024:
- The median value for Houses in Bargara is $797,971 while the median value for Units is $651,290.
- Houses have a median rent of $600 while Units have a median rent of $545.
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