SOLD
Sold on 29 Jul 2024 for $115,000

20/9 Lindsay Street
Bundamba QLD 4304

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 36m2
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Property Details for 20/9 Lindsay St, Bundamba

20/9 Lindsay St, Bundamba is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 36m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in Bundamba in the last 12 months.

Building Type
Unit
Year Built
2004
Land Size
36m2
Local Government
Ipswich
Lot/Plan
20/SP159131

Last Listing description (September 2020)

Fantastic little investment unit for sale in the Oxford Crest over 50's Village in Bundamba.

Approx Outgoings
$12870 Rent

$4000 Body corp levies
$2900 Council rates and water
Income expected approx $4500 a year / 6% net

Long term tenant in place. Suit cash investor buyer. Beat the banks or SMSF.

Upstairs Unit with lift access. Long term tenant in place who has looked after the property extremely well.

The advantage of this type of investment is that like this tenant, most of these properties are rented to age pensioners who are assisted by government. Another bonus is that once a tenant moves in they often stay 5-10 years so you aren't paying relet fees to the agency, which reduce your returns.

The one bedroom unit has reverse cycle air conditioner / heater in the main living area which includes a kitchenette. Large separate bedroom and bathroom with own washing machine and laundry tub.

This is your opportunity to invest in property that produces an income without having to outlay hundreds of thousands of dollars.

Please call the agent Daniel Scanlan to discuss further 0499 227 551

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Property History for 20/9 Lindsay St, Bundamba, QLD 4304

A timeline of how this property has performed in the market
Last Sold
$115,000
29 Jul 2024
  • 29 Jul 2024
    Sold for $115,000
  • 04 Feb 2022
    Sold for $70,000
  • 11 Jun 2020
    Listed for Sale $75000
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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 3,327 properties. Over the last 5 years, Houses in Bundamba have seen a 103.95% increase in median value, while Units have seen a 71.75% increase. As at 31 October 2024:

  • The median value for Houses in Bundamba is $577,770 while the median value for Units is $430,614.
  • Houses have a median rent of $500 while Units have a median rent of $430.
There are currently 29 properties listed for sale, and 13 properties listed for rent in Bundamba on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Bundamba.

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