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.

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 2,904 properties. Over the last 5 years, Houses in Biloela have seen a 78.40% increase in median value, while Units have seen a -43.72% decrease. As at 31 October 2024:

  • The median value for Houses in Biloela is $303,893 while the median value for Units is $228,722.
  • Houses have a median rent of $370 while Units have a median rent of $290.
There are currently 35 properties listed for sale, and 2 properties listed for rent in Biloela on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in Biloela.

Suburb Insights for Biloela 4715

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Contact agent
Ross Munroe
Show contact details
First National Real Estate Biloela
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.