OFF MARKET

21/5 Bridge Road
East Mackay QLD 4740

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 56m2
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Property Details for 21/5 Bridge Rd, East Mackay

21/5 Bridge Rd, East Mackay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1986. The property has a land size of 56m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
1986
Floor Size
50m2
Land Size
56m2
Local Government
Mackay Regional
Lot/Plan
21/GTP70226

Last Listing description (May 2023)

Calling all property enthusiast looking for a unique opportunity, this renovated studio unit nestled within the Ocean Village Resort is a prospect you don't want to miss. Whether its long term or short term this property could be utilised anyway you please, whether you're downsizing, maybe you're looking to dip your toe into being an Airbnb host or wanting to expand your property portfolio.

Nestled within the Ocean Village Resort positioned along the beachfront of East Mackay you'll be offered both convenience in the sense of location and a lifestyle by the beach. Inside this renovated studio unit style property you'll enjoy a recently refreshed space throughout with the capacity to accommodate up to four if you please. The open plan layout compiles the kitchen, dining and lounges spaces, plus ample room for a queen and bunk bed to maximise return. The combine bathroom and laundry is certainly functional and the unit is air conditioned for year round comfort, not to forget the secure and covered car space. Plus, kick back on the front deck with views to the pool or head down to East Mackay Beach for morning walks and afternoon drinks watching the waves roll in.

There has never been a better time to invest in our strong and ever growing Mackay Region currently experiencing an all-time low with our rental vacancy rate below 1% enforcing the strength of our property market. Investing in a property such as this will currently see you with a return of $330 per week which is approximately an 18% gross return annually, or after associated costs your net return is approximately 8.7%.

The hard work has been done and there is nothing left to do but secure this unique opportunity at once. Being so close to life's conveniences as well as offering a great lifestyle, this renovated studio unit is a fantastic prospect for any real estate enthusiast looking for something a little different from the rest.

Disclaimer:
The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.

Property History for 21/5 Bridge Rd, East Mackay, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$95,000
06 Apr 2023
  • 06 Apr 2023
    Sold for $95,000
  • 29 Mar 2023
    Listed for Sale SOLD by Dean Fuhlbohm
  • 07 Feb 2023
    Sold for $50,814
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About East Mackay 4740

The size of East Mackay is approximately 3.3 square kilometres. It has 6 parks covering nearly 9.9% of total area. The population of East Mackay in 2011 was 3,636 people. By 2016 the population was 3,571 showing a population decline of 1.8% in the area during that time. The predominant age group in East Mackay is 40-49 years. Households in East Mackay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Mackay work in a professional occupation. In 2011, 63.2% of the homes in East Mackay were owner-occupied compared with 58.7% in 2016.

East Mackay has 1,920 properties. Over the last 5 years, Houses in East Mackay have seen a 46.81% increase in median value, while Units have seen a 100.15% increase. As at 30 September 2024:

  • The median value for Houses in East Mackay is $513,193 while the median value for Units is $312,329.
  • Houses have a median rent of $533 while Units have a median rent of $440.
There are currently 26 properties listed for sale, and 7 properties listed for rent in East mackay on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in East mackay.

Suburb Insights for East Mackay 4740

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.