4 Price StreetBelgian Gardens QLD 4810
Property Details for 4 Price St, Belgian Gardens
4 Price St, Belgian Gardens is a 7 bedroom, 4 bathroom Unit and was built in 1950. The property has a land size of 809m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 7 bedroom Unit sold in Belgian Gardens in the last 12 months.
Last Listing description (September 2024)
UNIT 4 ONLY - Open for Inspection
Nestled just moments away from the beach and conveniently close to the CBD and the airport, this sturdy four pack promises a savvy investment for smart buyers. Boasting three well-appointed 2-bedroom units and one very large 1 bedroom unit, this property in a prime location offers durability and reliability, ensuring long-term value for investors.
The rental return is as follows:
The following are all two bedrooms, 1 bathroom:
Unit 2 - $260/week, lease expires 12/01/2025. Appraised amount for future tenancy $320-$360/week.
Unit 3 - $290/week, lease expires 13/01/2025. Appraised amount for future tenancy $320-$360/week.
Unit 4 - Currently vacant and ripe for renovation. Appraised amount for future tenancy $320-$360/week.
All four units have a single open air car space on site.
With a little TLC, this four pack of units could be the added gem to your portfolio, or just rent them as they currently are.
Present approximate yield with current tenancies in place including approximate rental amount for unit 4, approx $58,000, a current gross yield of 7.8%.
A little TLC and a potential future yield of approx $70,000, a whopping 9.4% yield.
Townsville City Council Rates approx $6,200/half year
Let's talk about location!
This city fringe opportunity excels when it comes to location, and being situated in a tree lined street of Belgian Gardens, you can be sure that all the best that Townsville has to offer is at your fingertips. The seaside attractions of Rowes Bay, Soroptimist Park, the Strand and Castle Hill are right on the doorstep of your new investment. Plus sought after cafes, the Townsville airport and the CBD are all just moments away - the list is endless when it comes to location convenience.
All information (including but not limited to the property area, floor size, price, address and general property description) on online advertising is provided as a convenience to you, and has been provided to Whaites + Co by third parties.
Property History for 4 Price St, Belgian Gardens, QLD 4810
- 19 Jun 2024Sold for $750,000
- 11 Jun 2024Listed for Sale Offers Over $739,000
- 31 Jan 2024Sold for $540,000
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0About Belgian Gardens 4810
The size of Belgian Gardens is approximately 1.1 square kilometres. It has 3 parks covering nearly 10.5% of total area. The population of Belgian Gardens in 2011 was 1,935 people. By 2016 the population was 2,060 showing a population growth of 6.5% in the area during that time. The predominant age group in Belgian Gardens is 40-49 years. Households in Belgian Gardens are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belgian Gardens work in a professional occupation. In 2011, 58.7% of the homes in Belgian Gardens were owner-occupied compared with 52.9% in 2016.
Belgian Gardens has 1,140 properties. Over the last 5 years, Houses in Belgian Gardens have seen a 60.04% increase in median value, while Units have seen a 69.86% increase. As at 31 October 2024:
- The median value for Houses in Belgian Gardens is $734,670 while the median value for Units is $453,680.
- Houses have a median rent of $580 while Units have a median rent of $400.
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