298 Palmerston HighwayBelvedere QLD 4860
Property Details for 298 Palmerston Hwy, Belvedere
298 Palmerston Hwy, Belvedere is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 809m2.This Property is currently listed for sale with Raine & Horne Innisfail
Last Listing description (October 2024)
This renovated duplex is a fantastic rental investment opportunity.
This property has recently had a full renovation with fresh paint right through, new floor coverings, and new split system air conditioning throughout. The kitchen cabinets were supplied by a leading local company and all tapware and vanity cabinets are new. The plumbing has been renewed as has the electrical with all new switches, power points, and ceiling fans. Both hot water units have also been replaced. Both Laundry tubs are new and the property had a full roof replacement under ten years ago which brought them up to the current code for cyclone rating. Both units have their lock-up garages with internal access, also freshly painted. They are quiet and secure and only a 5-minute drive to the town centre.
On one title they get $300 per week each in rent and the rental market in Innisfail is currently running at almost zero vacancy. The tenant in the first unit is an older woman who keeps the property immaculately and the other tenant is on a month-to-month lease. You will get the benefit of depreciation of all the new improvements and you would expect that both rents will rise at the next review in May. With a tenant on a month-to-month lease, this allows the ability to possibly live in one and rent the other. Sitting on 809 square metres and surrounded by quality homes this is a rare find.
These are set and forget. We have managed this duplex for several years and there have been no issues.
Contact Michael Skuse
Property History for 298 Palmerston Hwy, Belvedere, QLD 4860
- 30 Sep 2024Listed for Sale $450,000
- 29 Dec 2022Listed for Sale Not Disclosed
- 09 Apr 2010Listed for Rent - Price not available
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0About Belvedere 4860
The size of Belvedere is approximately 2.1 square kilometres. It has 2 parks covering nearly 1.4% of total area. The population of Belvedere in 2011 was 851 people. By 2016 the population was 914 showing a population growth of 7.4% in the area during that time. The predominant age group in Belvedere is 0-9 years. Households in Belvedere are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Belvedere work in a labourer occupation. In 2011, 60.8% of the homes in Belvedere were owner-occupied compared with 61.3% in 2016.
Belvedere has 378 properties. Over the last 5 years, Houses in Belvedere have seen a 73.02% increase in median value, while Units have seen a 42.16% increase. As at 31 August 2024:
- The median value for Houses in Belvedere is $294,817 while the median value for Units is $262,911.
- Houses have a median rent of $425 while Units have a median rent of $230.
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