26 Channel StreetBushland Beach QLD 4818
Property Details for 26 Channel St, Bushland Beach
26 Channel St, Bushland Beach is a 6 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 718m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 6 bedroom House sold in Bushland Beach in the last 12 months.
Last Listing description (June 2024)
This eight year old duplex is well located in an elevated part of Bushland Beach surrounded by other desirable properties. The whole property is on one title so there is no body corporate fees. Each unit is three bed, two bath, double garage with a back deck and small back yard for kids or dogs to play.
Unit 1 is rented at $450/week till January 2025 while unit 2 is rented at $490/week till May 2025 giving a total annual rental income of $48,880 at a gross rental yield of 6.52%. Annual rates and insurance costs for the whole complex is $9566 leaving a net income of $39,314 after rates & insurance for a net rental yield of 5.24%
In comparison freestanding houses in Bushland Beach are only yielding a gross rental yield of approx. 5.40% with a net rental yield after rates and insurance of approx. 4.10%.
Each unit is a mirror image of each other in terms of floor plan so the photos included are only of one of the units. A full walk through video of each unit is available on request from the agent.
This duplex on one title is an outstanding opportunity for the experienced investor seeking a higher than average return in the ever popular suburb of Bushland Beach.
Call the agent now on 0423 692 422 to discuss further.
Property History for 26 Channel St, Bushland Beach, QLD 4818
- 13 Jun 2024Sold for $740,000
- 28 Mar 2024Listed for Sale $750,000
- 06 Oct 2023Listed for Rent $450 / week
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About Bushland Beach 4818
The size of Bushland Beach is approximately 8 square kilometres. It has 6 parks covering nearly 4% of total area. The population of Bushland Beach in 2011 was 5,658 people. By 2016 the population was 6,177 showing a population growth of 9.2% in the area during that time. The predominant age group in Bushland Beach is 0-9 years. Households in Bushland Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bushland Beach work in a trades occupation. In 2011, 65.6% of the homes in Bushland Beach were owner-occupied compared with 64.8% in 2016.
Bushland Beach has 2,720 properties. Over the last 5 years, Houses in Bushland Beach have seen a 76.43% increase in median value, while Units have seen a 78.69% increase. As at 31 October 2024:
- The median value for Houses in Bushland Beach is $649,058 while the median value for Units is $537,020.
- Houses have a median rent of $560 while Units have a median rent of $378.
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