SOLD
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Sold on 25 Nov 2024 for $725,000

24 Stephens Street
Dimbulah QLD 4872

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 809m2
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Property Details for 24 Stephens St, Dimbulah

24 Stephens St, Dimbulah is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 8 bedroom BlockOfUnits sold in Dimbulah in the last 12 months.

Building Type
BlockOfUnits
Land Size
809m2

Last Listing description (November 2024)

Discover a fantastic one-off investment opportunity, not to be missed, returning a massive 10.3% NET with this solid block of units located at 24 Stephens Street, Dimbulah, a thriving farming region on the edge of the Atherton Tablelands. Featuring 8 bedrooms and 4 bathrooms (4 x 2 bedroom units), this property is perfect for investors looking to add to their rental portfolio and benefit from an immediate income stream.

With its central location and ample parking space, this block of units offers a comfortable and convenient lifestyle for tenants, as well as a myriad of earning opportunities for an astute investor, with the town lacking holiday or motel type accommodation and availability for farmworker and contractor accommodation being very limited. This unique property won’t disappoint.

Each spacious self-contained 2-bedroom unit features generous open-plan kitchen, living and dining areas, double bedrooms with built-ins and aircons, the well-appointed bathrooms are designed with functionality mind, offering a dual laundry and bathroom layout. The property also features 2 carports with space for 4 vehicles, two storage sheds, located in the private, fully fenced back yard.

Situated close to the heart of Dimbulah, residents will enjoy easy access to local amenities including the new medical clinic, shops, schools, and parks. The tranquil surroundings and friendly community make this location highly desirable for tenants seeking a peaceful and relaxed lifestyle.

Opportunities like this do not come along every day, so now is your chance to obtain an entire unit complex and enjoy the benefits of 4 residential rental incomes (estimated at between $350 to $400/apartment/week) or keep it as is - currently a share accommodation address (rented room by room). All units are fully furnished, including kitchen appliances, washing machines, utensils, and bed linen.

Property Features Include:
• 809m2 freehold allotment in the heart of Dimbulah
• Close to town and amenities
• 4 x 2-bedroom well-maintained units (split system air-conditioning & carpet in bedrooms)
• Generously sized bedrooms with built-in robes in 7 rooms
• Open plan, tiled living areas
• Spacious modern kitchen
• Large bathroom/laundry room combined
• Undercover carport space for each unit
• 4 units tenanted earning $140 / person - $560 / week / unit
• Gross investment return of 12.6% for the 2023-2024 financial year
• Net investment return 10.3% for the 2023-2024 financial year
• Chattels list included in the sale
• Wi-Fi to the property

Take advantage of the high rental demand in the Dimbulah area and start generating a steady income with this exceptional investment property.

From all of us at Mareeba Property Office, we wish you every success with your property search. For more information or to arrange an inspection of this property, please call or email us today.

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

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Property History for 24 Stephens St, Dimbulah, QLD 4872

A timeline of how this property has performed in the market
Last Sold
$725,000
25 Nov 2024
Listed for Rent
18 Apr 2017
  • 13 Nov 2024
    Sold for $725,000
  • 11 Jul 2024
    Listed for Sale Not Disclosed
  • 26 Sep 2019
    Sold for $482,000
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About Dimbulah 4872

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 603 properties. Over the last 5 years, Houses in Dimbulah have seen a 148.54% increase in median value. As at 30 November 2024:

  • The median value for Houses in Dimbulah is $464,347 while the median value for Units is $504,308.
There are currently 24 properties listed for sale, and no properties listed for rent in Dimbulah on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Dimbulah.

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