SOLD
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Sold on 23 Jul 2024 for $260,500

2/50 Bergin Road
Cranbrook QLD 4814

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
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Property Details for 2/50 Bergin Rd, Cranbrook

2/50 Bergin Rd, Cranbrook is a 4 bedroom, 2 bathroom Other with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom Other sold in Cranbrook in the last 12 months.

Building Type
Other

Last Listing description (July 2024)

Attention investors! Presenting a rare opportunity to acquire a well-maintained duplex in the sought-after suburb of Cranbrook. This dual-unit property is perfect for savvy investors looking to capitalize on a strong rental market and secure a steady income stream.
Key Features:
Dual Income Potential: Each side of this duplex offers 2 spacious bedrooms, 1 bathroom, and a single carport, ensuring maximum rental return.

Low Maintenance: With minimal upkeep required, this property is an ideal choice for investors seeking a hassle-free investment.
Prime Location: Situated in a family-friendly neighborhood, the property is close to local amenities, schools, parks, and public transport, making it highly attractive to tenants.
Strong Rental Demand: Cranbrook is a high-demand area for renters, ensuring a low vacancy rate and consistent rental income.
Investment Highlights:
Secure Tenancies: Long-term tenants in place, providing immediate rental income.
Potential for Growth: The property market in Cranbrook is on an upward trend, offering excellent capital growth prospects.
Flexible Options: Investors have the option to rent out both units or live in one while renting out the other, providing flexibility and additional income security.
Financials:
Current Rental Income: $660 per week
Rates and Outgoings: rates approx. $6951 per year (each unit is individually titled)
Building strata insurance $870 per year
Location Benefits:
Proximity to Schools: Close to reputable schools, making it an ideal location for families. The property is also a short drive to the James Cook University, and Townsville University Hospital, making it the perfect rental for University students and hospital workers.
Convenient Shopping: Minutes away from Townsville shopping centre, providing easy access to daily essentials.
Community Amenities: Nearby parks and a few roads back from the Ross River, making for an ideal lifestyle
Don't miss out on this fantastic investment opportunity. For more information, please email Ben Moon: sales1@townsvillecentury21.com.au

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Property History for 2/50 Bergin Rd, Cranbrook, QLD 4814

A timeline of how this property has performed in the market
Last Sold
$260,500
23 Jul 2024
Listed for Rent
$285/w
04 Mar 2012
  • 08 Jul 2024
    Listed for Sale RECENT SALES
  • 02 Jul 2024
    Sold for $260,500

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About Cranbrook 4814

The size of Cranbrook is approximately 3.4 square kilometres. It has 6 parks covering nearly 8.2% of total area. The population of Cranbrook in 2011 was 6,146 people. By 2016 the population was 5,926 showing a population decline of 3.6% in the area during that time. The predominant age group in Cranbrook is 20-29 years. Households in Cranbrook are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cranbrook work in a professional occupation. In 2011, 67% of the homes in Cranbrook were owner-occupied compared with 65.1% in 2016.

Cranbrook has 2,695 properties. Over the last 5 years, Houses in Cranbrook have seen a 99.77% increase in median value, while Units have seen a 45.39% increase. As at 30 November 2024:

  • The median value for Houses in Cranbrook is $475,444 while the median value for Units is $247,179.
  • Houses have a median rent of $490 while Units have a median rent of $375.
There are currently 17 properties listed for sale, and 7 properties listed for rent in Cranbrook on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Cranbrook.

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Contact agent
Katrina Mersky
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CENTURY 21 Aaron Moon Realty (Townsville)
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