OFF MARKET

10 Mcgill Street
Basin Pocket QLD 4305

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 79m2
Land area: 971m2
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Last updated 30 Sep 2024
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Property Details for 10 Mcgill St, Basin Pocket

10 Mcgill St, Basin Pocket is a 0 bedroom, 0 bathroom House with 3 parking spaces and was built in 1920. The property has a land size of 971m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1920
Floor Size
79m2
Land Size
971m2
Local Government
Ipswich
Lot/Plan
37/RP23979

Last Listing description (April 2022)

SET DATE SALE - IF YOU WISH TO SECURE THIS PROPERTY YOU MUST INSPECT AND SUBMIT YOUR OFFER BY SUNDAY 28TH NOVEMBER.
PLEASE CONTACT THE AGENT TO REGISTER YOUR INTEREST.

An investor's dream. A beautiful family character home AND a as new condition self-contained second home (two separate dwellings) on a large 971sqm Lot. With both properties securely tenanted with long term tenants AND a combined rental income of $595 per week (6.31% rental yield) - this lucrative investment opportunity is one you do not want to pass up!

* Owners are also selling neighbouring property 8 McGill Street Basin Pocket *

1/10 MCGILL ST, BASIN POCKET
Home 1 - Renovated Pre-War Workers Cottage
3 bed | 1 bath | 1 car
Rent: $310 p/week
Tenancy agreement ending 18th of January, 2022.

2/10 MCGILL ST, BASIN POCKET
House 2 - As New Timber Home
1 bed | 1 bath | 2 car
Rent: $285 p/week
Tenancy agreement ending 4th of September, 2022.

✓ Location
✓ Big 971sqm block
✓ High Rental Yield
✓ Low Vacancy Rate
✓ Cash Flow & Return
✓ Population Growth
✓ Value Adding Potential

Nestled in a close-knit community, only 2.5km from the Ipswich CBD and the popular Riverlink Shopping Centre. The properties are within the catchment of Ipswich East State School and Bremer State High School and if private schooling is an option, a handful of private schools including Ipswich Girls Grammar, St Mary's Catholic College and St Edmunds College are all within 5 km's.

We have no doubt that this investment opportunity will be snatched up quickly. To assist buyers in having equal opportunity of adding this asset to their portfolio, the selling agent Josie Smith will be conducting personal inspections with a close date in mind, where all offers must be received by. To book your inspection please contact Josie Smith on 0421 472 330 as soon as possible.

Miljose Pty Ltd t/a Century 21 Josie Smith and Co has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, opt-in marketing campaigns to the user or misstatements contained.

Property History for 10 Mcgill St, Basin Pocket, QLD 4305

A timeline of how this property has performed in the market
Last Sold
$511,000
29 Nov 2021
Listed for Rent
$290/w
10 Jul 2020
  • 29 Nov 2021
    Sold for $511,000
  • 17 Nov 2021
    Listed for Sale UNDER CONTRACT/OFFER
  • 29 Sep 2020
    Listed for Rent $270 / week
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About Basin Pocket 4305

The size of Basin Pocket is approximately 0.6 square kilometres. It has 2 parks covering nearly 2.5% of total area. The population of Basin Pocket in 2011 was 860 people. By 2016 the population was 890 showing a population growth of 3.5% in the area during that time. The predominant age group in Basin Pocket is 20-29 years. Households in Basin Pocket are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Basin Pocket work in a trades occupation. In 2011, 61.8% of the homes in Basin Pocket were owner-occupied compared with 61.2% in 2016.

Basin Pocket has 443 properties. Over the last 5 years, Houses in Basin Pocket have seen a 104.74% increase in median value, while Units have seen a 63.91% increase. As at 30 September 2024:

  • The median value for Houses in Basin Pocket is $553,911 while the median value for Units is $401,403.
  • Houses have a median rent of $480.
There are currently 1 property listed for sale, and 3 properties listed for rent in Basin pocket on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Basin pocket.

Suburb Insights for Basin Pocket 4305

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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.