OFF MARKET

3/17 Willoughby Crescent
East Mackay QLD 4740

Bedrooms: 12
Bathrooms: 6
Car spaces: 2
Land area: 810m2
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Last updated 16 Dec 2024
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Property Details for 3/17 Willoughby Cres, East Mackay

3/17 Willoughby Cres, East Mackay is a 12 bedroom, 6 bathroom Unit with 2 parking spaces. The property has a land size of 810m2.

Building Type
Unit
Land Size
810m2
Local Government
Mackay Regional

Last Listing description (June 2024)

MASSIVE INVESTMENT OPPORTUNITY

Are you looking for a lucrative investment opportunity in the dynamic and thriving community of Mackay? Look no further! Presenting 17 Willoughby Crescent, a modern Triplex built in 2014 that promises excellent returns and an enviable $7,820 gross rental income per month.

Current Tenancies:

Unit 1: $630 per week until September 2024
Unit 2: $2700 per month ($675 per week) until February 2025
Unit3 : $650 per week until 27 August 2024

Gross monthly income of: $7,820

Outgoings:
Building Insurance approximately $2500 per annum
Council Rates approximately $5,500 per 6 months

Prime Location in Mackay: Mackay is a transient mining and farming community that's bustling with opportunities. The property's strategic location ensures consistent demand from both industries.

High Demand and Low Vacancy Rate: Mackay is known for its strong rental market. Currently, the vacancy rate is less than 1%, making it a landlord's dream with minimal downtime.

Investors, seize this opportunity to enter the lucrative Mackay real estate market. With its impressive yield and the booming local industries, 17 Willoughby Crescent is a smart investment choice. Don't miss out on this chance to secure your financial future. Contact us today to arrange a viewing and take the first step toward securing your piece of Mackay's prosperous real estate market.

For enquiries and viewings, please contact Nikita Kinnane at 0401 928 281. Invest wisely, invest in Mackay!

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Property History for 3/17 Willoughby Cres, East Mackay, QLD 4740

A timeline of how this property has performed in the market
Listed for Rent
$675/w
16 Jan 2024
  • 16 Jan 2024
    Listed for Rent $675 / week
  • 18 Sep 2023
    Listed for Sale SOLD BY NIKITA KINNANE - 0401 928 281
  • 07 Jul 2022
    Listed for Sale $1,199,000

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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 1,928 properties. Over the last 5 years, Houses in East Mackay have seen a 61.72% increase in median value, while Units have seen a 107.55% increase. As at 30 November 2024:

  • The median value for Houses in East Mackay is $542,777 while the median value for Units is $350,448.
  • Houses have a median rent of $550 while Units have a median rent of $420.
There are currently 22 properties listed for sale, and 3 properties listed for rent in East mackay on OnTheHouse. According to CoreLogic's data, 143 properties were sold in the past 12 months in East mackay.

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