37 Hannam Street is well located in Bungalow between Scott Street and Mulgrave Road. The property is ideal for investment as it has two street frontages with potentially three tenant income streams. Fronting Hannam Street is a high set Queenslander with two residential tenants, and fronting Brown Street is a warehouse which has a long standing mechanical operator as the tenant. Currently vacant is the food processing cold store.
The total building area is 600 sqm and land area is 944 sqm.
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 1,961 properties. Over the last 5 years, Houses in Bungalow have seen a 45.24% increase in median value, while Units have seen a 50.38% increase. As at 31 August 2024:
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