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Sold on 02 Aug 2024 - Price Unavailable

50 Bergin Road
Cranbrook QLD 4814

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 607m2
Land area: 206m2
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Property Details for 50 Bergin Rd, Cranbrook

50 Bergin Rd, Cranbrook is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 206m2 and floor size of 607m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom Unit sold in Cranbrook in the last 12 months.

Building Type
Unit
Floor Size
607m2
Land Size
206m2
Local Government
Townsville City
Lot/Plan
1/SP218325

Last Listing description (August 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 50 Bergin Rd, Cranbrook, QLD 4814

A timeline of how this property has performed in the market
Last Sold
02 Aug 2024
  • 02 Aug 2024
    Sold
  • 13 Jun 2024
    Listed for Sale Offers over $515,000

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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 2,684 properties. Over the last 5 years, Houses in Cranbrook have seen a 93.34% increase in median value, while Units have seen a 43.38% increase. As at 31 October 2024:

  • The median value for Houses in Cranbrook is $457,160 while the median value for Units is $250,338.
  • Houses have a median rent of $480 while Units have a median rent of $350.
There are currently 18 properties listed for sale, and 15 properties listed for rent in Cranbrook on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Cranbrook.

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CENTURY 21 Aaron Moon Realty (Townsville)
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