3/8-10 Nelson StreetBungalow QLD 4870
Property Details for 3/8-10 Nelson St, Bungalow
3/8-10 Nelson St, Bungalow is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1993. The property has a land size of 46m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (November 2024)
Introducing a fantastic investment opportunity centrally located and close to the CBD-this solid block, ground-floor, one-bedroom unit offers the perfect blend of comfort, convenience, and steady rental returns. With a tenancy secured at $270/week until the 15th June 2025 and with the tenant wanting to stay on, this is a true set-and-forget opportunity for savvy investors.
Spanning 46m?, this unit is thoughtfully designed to maximise space and functionality. The open-plan living and dining area creates a welcoming atmosphere, while the well-appointed kitchen offers ample storage and workspace. The solid block construction ensures long-term durability, minimal maintenance, and a cooler environment during the summer months-appealing qualities for both investors and tenants alike.
The unit's central location means it's only a short distance from the CBD, offering unparalleled convenience for those who work in the area. Public transport options are close by, making commuting a breeze, and the vibrant city lifestyle is right at the tenants' doorstep.
Being on the ground floor, this unit is particularly appealing to a wide range of tenants, including those seeking easy access without stairs. The design allows for effortless movement in and out, adding to the property's overall appeal and enhancing tenant satisfaction.
With Body Corp fees being low at only $3246.34 per year and a secure lease in place until June 2025, this property is already generating $270 per week in rental income, providing immediate returns from day one. The solid tenancy means you can invest with confidence, knowing that you'll have a reliable income stream for the coming years.
Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a low-maintenance, high-yield property, this one-bedroom unit ticks all the boxes. Contact us today to arrange a viewing and secure this solid investment in a sought-after location!
Property History for 3/8-10 Nelson St, Bungalow, QLD 4870
- 14 Oct 2024Listed for Sale Now Under Contract
- 20 Dec 2021Sold for $139,500
- 16 Dec 2020Sold for $101,000
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About Bungalow 4870
The size of Bungalow is approximately 2.2 square kilometres. It has 3 parks covering nearly 1.9% of total area. The population of Bungalow in 2011 was 2,164 people. By 2016 the population was 2,159 showing a population decline of 0.2% in the area during that time. The predominant age group in Bungalow is 20-29 years. Households in Bungalow are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bungalow work in a trades occupation. In 2011, 35.1% of the homes in Bungalow were owner-occupied compared with 34.7% in 2016.
Bungalow has 1,949 properties. Over the last 5 years, Houses in Bungalow have seen a 55.86% increase in median value, while Units have seen a 51.99% increase. As at 31 October 2024:
- The median value for Houses in Bungalow is $517,489 while the median value for Units is $307,199.
- Houses have a median rent of $463 while Units have a median rent of $390.
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