OFF MARKET

51 King Street
Buderim QLD 4556

Bedrooms: 6
Bathrooms: 3
Car spaces: 6
Floor area: 701m2
Land area: 701m2
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Property Details for 51 King St, Buderim

51 King St, Buderim is a 6 bedroom, 3 bathroom Unit with 6 parking spaces. The property has a land size of 701m2 and floor size of 701m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Floor Size
701m2
Land Size
701m2
Local Government
Sunshine Coast Regional
Lot/Plan
9/RP95520

Last Listing description (March 2021)

Opportunity, Income, Location!

Located in a prime position on top of Buderim within walking distance to CBD and other town amenities is this high set block of three flats, fully occupied by long-term tenants, this is a rock-solid investment on a 701m2 corner site, generating attractive returns.


Each flat comprises two bedrooms with robes, one bathroom, kitchen, open plan living area, covered north facing verandah, courtyard, and double lock up garage with laundry and workshop space.

Neat, tidy, and low maintenance - ceiling fans, security screens and door, shower over bath, carpet in bedrooms and living, are existing features. The block has been well cared for and there's no immediate money to spend only to earn! There is no body corporation, therefore no fees and minimal paperwork.

The location is super-convenient - directly opposite a medical centre and with a bus stop in front of the building. From here the local IGA is 350-metres, leafy Wirreanda Park 550-metres, Coffee Club 550-metres, and 800-metres to the CBD; all flat, walking distance.

Investors and land-bankers will immediately identify the opportunity on offer here. The current gross annual return is $54,080 and with the Sunshine Coast rental market in a supply crisis, there is no fear of any period of low occupancy - plus, its convenient location in sought-after Buderim is another bonus, making this an extremely risk-free investment.

Expressions of interest need to be in no later than 5pm on Friday March 12, if not sold prior. Contact Brodie Rodgers for a copy of the Information Memorandum, providing full details.


- Rock-solid investment on top of Buderim
- 701m2 corner block, prime location
- 3 flats: all 2-bed, 1-bath and DLUG
- Immaculate condition, nothing to spend
- All tenanted, $54,080 pa gross returns
- Bus stop at front, opposite medical centre
- Walk to CBD, cafes, parks, IGA, primary school
- Superb land-banking/investment opportunity

Property History for 51 King St, Buderim, QLD 4556

A timeline of how this property has performed in the market
Last Sold
$1,050,000
22 Mar 2021
  • 22 Mar 2021
    Sold for $1,050,000
  • 30 Jan 2021
    Listed for Sale Expressions of Interest
  • 17 Nov 2020
    Listed for Sale $1,150,000
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About Buderim 4556

The size of Buderim is approximately 30.5 square kilometres. It has 78 parks covering nearly 18.9% of total area. The population of Buderim in 2011 was 27,068 people. By 2016 the population was 29,369 showing a population growth of 8.5% in the area during that time. The predominant age group in Buderim is 50-59 years. Households in Buderim are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Buderim work in a professional occupation. In 2011, 72.5% of the homes in Buderim were owner-occupied compared with 69.8% in 2016.

Buderim has 14,226 properties. Over the last 5 years, Houses in Buderim have seen a 79.91% increase in median value, while Units have seen a 63.01% increase. As at 31 October 2024:

  • The median value for Houses in Buderim is $1,212,055 while the median value for Units is $684,840.
  • Houses have a median rent of $775 while Units have a median rent of $600.
There are currently 154 properties listed for sale, and 29 properties listed for rent in Buderim on OnTheHouse. According to CoreLogic's data, 743 properties were sold in the past 12 months in Buderim.

Suburb Insights for Buderim 4556

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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.