SOLD
Sold on 07 Feb 2024 for $520,000

2 Park Street
Biloela QLD 4715

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 604m2
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Property Details for 2 Park St, Biloela

2 Park St, Biloela is a 6 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 604m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 6 bedroom Unit sold in Biloela in the last 12 months.

Building Type
Unit
Land Size
604m2
Local Government
Banana Shire
Lot/Plan
5/B74420

Last Listing description (March 2024)

INFORMATION MEMORANDUM - https://fnre.co/?b=135637

(copy and paste link into your web browser)

Located a short walk from the Biloela Anzac Club and CBD you will find this fantastic investment opportunity consisting of two 3-bedroom, 1-bathroom low maintenance dwellings situated on a 604m2 allotment on one title. Currently returning a total of $720.00 per week with a gross return of 7%. The quality tenants are long term - one with a corporate lease in place.

Each home incudes:

3 bedrooms all with built in wardrobes

Spacious kitchen, dining and living area that opens out to the large entertaining deck

Modern tiled bathroom with shower, two-way access from the hallway and master bedroom

European style, functional laundry

Split-system air-conditioning throughout (living & bedrooms)

Fully fenced, private, low maintenance yards (house 1 with pop-up sprinkler system)

Tinted windows and security screens throughout

Carport and small lock up garden shed

Lease information:

House 1 - Lease end date 04/07/2024 $360 p/w

House 2 - Lease end date 20/05/2024 $360 p/w (corporate lease)

Presented in immaculate condition, these dwellings are ideal for the astute investor looking to enhance their portfolio. A unique opportunity like this does not come along often. Contact Ross or Amanda for further information and to book your personal inspections.

Council Rates: $2,594 per half year approx.

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Property History for 2 Park St, Biloela, QLD 4715

A timeline of how this property has performed in the market
Last Sold
$520,000
07 Feb 2024
Listed for Rent
$300/w
07 Aug 2014
  • 07 Feb 2024
    Sold for $520,000
  • 15 Aug 2022
    Listed for Sale $545,000
  • 04 Apr 2019
    Listed for Sale 465000
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About Biloela 4715

The size of Biloela is approximately 17.6 square kilometres. It has 17 parks covering nearly 7.8% of total area. The population of Biloela in 2011 was 5,884 people. By 2016 the population was 5,770 showing a population decline of 1.9% in the area during that time. The predominant age group in Biloela is 0-9 years. Households in Biloela are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Biloela work in a trades occupation. In 2011, 57.3% of the homes in Biloela were owner-occupied compared with 57.5% in 2016.

Biloela has 2,891 properties.

    There are currently 42 properties listed for sale, and 2 properties listed for rent in Biloela on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Biloela.

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    Ross Munroe
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    First National Real Estate Biloela
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