SOLD
Sold on 27 May 2024 for $250,000

18 Lower Mccormack St
Bundamba QLD 4304

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 463m2
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Property Details for 18 Lower Mccormack St, Bundamba

Building Type
Land
Land Size
463m2
Local Government
Ipswich
Lot/Plan
90/SP326403

Last Listing description (May 2024)

Outstanding Land and Home Package in Bundamba, Queensland!

Attention, savvy investors! Here's an unbeatable chance to own an exceptional house and land package in sought-after Bundamba, Queensland.

Presenting an incredible opportunity: a magnificent house and land package starting at just $728,000, providing the perfect investment potential. Projected rental income ranges from $1400 to $1600 per week.

Let's Crunch the Numbers -
$728,000 House and Land Price
$1400 - $1600 Weekly Rental Income
$72,800 - $83,200 Annual Gross Earnings
10% - 11.42% Gross Yield

Bundamba, situated a mere 22 km southwest of Brisbane, is a thriving suburb renowned for its tranquility and natural beauty. With lush parks, picturesque reserves, and serene waterways, it consistently attracts tenants in search of a peaceful lifestyle. Furthermore, the area boasts outstanding local amenities, including schools, shops, and vibrant dining options, ensuring a high demand for rental properties.

This house and land package offers the ultimate investment solution, seamlessly blending a thoughtfully designed home with a prime land location. Featuring ample land space and outstanding amenities, this property guarantees robust rental returns and potential for capital growth.

Don't let this extraordinary house and land package in Bundamba slip through your fingers! Act swiftly to secure your path to investment success. Contact us today for further information and embark on your journey to prosperity!

Perfectly positioned near all the conveniences for a comfortable lifestyle:

Adjacent to Norm Brown Park
Just 500 meters from Thirty-Seven Cafe
1.1 km to Bunnings
3.3 km to Costco
1.3 km to Bundamba State School
2.7 km to Booval Fair Shopping Centre
34 km to Brisbane CBD
5.9 km to Ipswich CBD

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Property History for 18 Lower Mccormack St, Bundamba, QLD 4304

A timeline of how this property has performed in the market
Last Sold
$250,000
27 May 2024
  • 27 May 2024
    Sold for $250,000
  • 19 Jun 2022
    Listed for Sale $736,489

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About Bundamba 4304

The size of Bundamba is approximately 11 square kilometres. It has 16 parks covering nearly 6.8% of total area. The population of Bundamba in 2011 was 5,402 people. By 2016 the population was 6,503 showing a population growth of 20.4% in the area during that time. The predominant age group in Bundamba is 20-29 years. Households in Bundamba are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bundamba work in a labourer occupation. In 2011, 62.7% of the homes in Bundamba were owner-occupied compared with 53.3% in 2016.

Bundamba has 3,347 properties. Over the last 5 years, Houses in Bundamba have seen a 110.25% increase in median value, while Units have seen a 91.54% increase. As at 30 November 2024:

  • The median value for Houses in Bundamba is $593,834 while the median value for Units is $446,472.
  • Houses have a median rent of $500 while Units have a median rent of $430.
There are currently 30 properties listed for sale, and 11 properties listed for rent in Bundamba on OnTheHouse. According to CoreLogic's data, 207 properties were sold in the past 12 months in Bundamba.

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