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Sold on 21 Jun 2024 - Price Unavailable

1 Cotton Street
Barney Point QLD 4680

Bedrooms: 4
Bathrooms: 4
Car spaces: 4
Land area: 1166m2
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Property Details for 1 Cotton St, Barney Point

1 Cotton St, Barney Point is a 4 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 1166m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 4 bedroom BlockOfUnits sold in Barney Point in the last 12 months.

Building Type
BlockOfUnits
Land Size
1166m2
Local Government
Gladstone Regional
Lot/Plan
2/RP608897

Last Listing description (June 2024)

Introducing 1 Cotton St, THE way to optimise your investment returns. The main dwelling
featuring 4 units with the other house being burned down all on one title.

Property highlights:

4 units along with a burnt out house (with quote for demolition provided)
On the cusp of both Barney Point and South Gladstone
Current rental income of $795 per week with potential for higher with further development

Why Invest Here?

Flexibility: With the option to develop the land, you have the flexibility to tailor the property to suit
your investment goals, whether it's adding additional rental units or a new home
Consistent returns: The 4 units (along with having no body corporate fees) provide a consistent
return for someone to generate income while also investing into the land next to it on the same
title.
Steady Rental Income: Enjoy a reliable stream of rental income from day one, with the current
property already generating $795 per week. Plus, capitalise on the potential for increased rental
returns with additional development.

Contact Atlas Corrin today for more information on 0434 314 283.

Property History for 1 Cotton St, Barney Point, QLD 4680

A timeline of how this property has performed in the market
Last Sold
21 Jun 2024
Listed for Rent
$160/w
28 Feb 2015
  • 30 May 2024
    Sold for $370,000
  • 11 Apr 2024
    Listed for Sale $435,000
  • 06 Feb 2017
    Sold for $270,000
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About Barney Point 4680

The size of Barney Point is approximately 3.3 square kilometres. It has 6 parks covering nearly 6.5% of total area. The population of Barney Point in 2011 was 1,155 people. By 2016 the population was 1,102 showing a population decline of 4.6% in the area during that time. The predominant age group in Barney Point is 50-59 years. Households in Barney Point are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Barney Point work in a trades occupation. In 2011, 47.5% of the homes in Barney Point were owner-occupied compared with 47.8% in 2016.

Barney Point has 744 properties. Over the last 5 years, Houses in Barney Point have seen a 119.10% increase in median value, while Units have seen a 116.29% increase. As at 30 September 2024:

  • The median value for Houses in Barney Point is $372,940 while the median value for Units is $257,588.
  • Houses have a median rent of $420 while Units have a median rent of $360.
There are currently 21 properties listed for sale, and 5 properties listed for rent in Barney point on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Barney point.

Suburb Insights for Barney Point 4680

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Contact agent
Lachlan Corrin
Show contact details
Andrew Allen
Show contact details
Ray White Gladstone
Preferred contact:
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.