2 Boundary StreetCooktown QLD 4895
Property Details for 2 Boundary St, Cooktown
2 Boundary St, Cooktown is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1990. The property has a land size of 1189m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (October 2024)
Within walking distance from schools, the hospital and everything Cooktown this tidy 3-bedroom 2-bathroom home is a top investment house. With a head lease with Queensland Health, the house is currently used to house visiting surgeons and doctors working at the Cooktown hospital. It is within a 5min walking distance to the hospital and most other services.
The owners offer this property to the market after 10 years of ownership. They lived in the house for the first 7 years before changing jobs leading them away from Cooktown. It has been rented to Qld Health for the past 3 years with the head lease now in its first of two 1-year options.
The house is an easy to maintain property, it is fully airconditioned with split and box air conditioners. All windows and doors are security screened making it compliant for the health & education departments to rent. The property is returning $450 p.w or $23,400 p.a with a net return on investment of 4.3% or ROI of 5.75% gross.
Property History for 2 Boundary St, Cooktown, QLD 4895
- 23 Oct 2023Listed for Sale Not Disclosed
- 18 Oct 2023Sold for $381,000
- 11 Apr 2023Listed for Sale Not Disclosed
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0About Cooktown 4895
The size of Cooktown is approximately 2,145.1 square kilometres. It has 20 parks covering nearly 19.8% of total area. The population of Cooktown in 2011 was 2,338 people. By 2016 the population was 2,635 showing a population growth of 12.7% in the area during that time. The predominant age group in Cooktown is 60-69 years. Households in Cooktown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooktown work in a professional occupation. In 2011, 52.5% of the homes in Cooktown were owner-occupied compared with 54.1% in 2016.
Cooktown has 1,811 properties. Over the last 5 years, Houses in Cooktown have seen a 68.38% increase in median value, while Units have seen a 52.70% increase. As at 30 September 2024:
- The median value for Houses in Cooktown is $345,912 while the median value for Units is $471,434.
- Houses have a median rent of $500 while Units have a median rent of $315.
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