2 Hyde St, Dimbulah is a 4 bedroom, 1 bathroom Unit with 2 parking spaces. The property has a land size of 607m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
This 2 x 2 bedroom duplex is situated on a 607m2 corner allotment in the heart of Dimbulah, opposite the primary school and only a short walk to the shops. Here is an ideal opportunity to start out in the property market or add to an existing investment portfolio.
Both units are currently rented, returning $120 per week & $140 per week respectively - a combined rental income of $260 (approx. 5.5% net return). There is an option to live in one unit and continue to rent out the other as a long term tenant is happy to stay on.
Of solid rendered concrete block construction and in original condition, these units are a mirror image of one another; comprising of 2 large bedrooms, bathroom and kitchen, lounge/dining area and internal laundry. Each unit has a front patio, single carport and the backyard is divided so that each occupier has their own yard space.
The size of Dimbulah is approximately 704 square kilometres. The population of Dimbulah in 2011 was 1,413 people. By 2016 the population was 1,056 showing a population decline of 25.3% in the area during that time. The predominant age group in Dimbulah is 50-59 years. Households in Dimbulah are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dimbulah work in a managers occupation. In 2011, 70.7% of the homes in Dimbulah were owner-occupied compared with 66.8% in 2016.
Dimbulah has 601 properties. Over the last 5 years, Houses in Dimbulah have seen a 59.00% increase in median value. As at 31 October 2024:
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