91 Ipswich StreetEsk QLD 4312
Property Details for 91 Ipswich St, Esk
91 Ipswich St, Esk is a 9 bedroom, 6 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 1357m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 9 bedroom BlockOfUnits sold in Esk in the last 12 months.
Last Listing description (November 2024)
*Auction this Saturday 31st August at the Somerset Civic Centre, Esk - Registration open from 9:30am - Auction 10:00am Sharp.*
If you are looking for a high yielding investment opportunity, than you cannot look past 91 Ipswich Street, Esk. The property is a 3 unit complex with long term tenants and fantastic rental yields.
Configuration:
• 3 bedrooms
• 2 bathrooms including ensuite
• Single lock up garage
• Large open plan living, kitchen, dining
• Floor plan representative of each unit
• Individual electricity metres
• The water is not separately metered but can be installed*
Age:
• Circa 2004
Current Tenancies:
• Current weekly rental amount $300 - $350 per week
• The three units are all currently occupied on fixed tenancy agreements
• Current gross annual income = $49,920
• Rental Appraisal $375 - $400 per week (high confidence)
• Potential gross annual income = $62,400 at $400 per week per unit
Position:
Located in the heart of Esk, walking distance to all of Esk's amenities;
• IGA
• Post Office
• Esk Hospital
• Public Transportation
• Esk Primary School
• Esk Grand Hotel
• Brisbane Valley Rail Trail
• 50min to Ipswich
• 1hr to Toowoomba
• 1hr 20min to Brisbane
Potential:
• Esk township has one of the lowest investment property ratios in South East Queensland. With limited supply and high demand in the growing Somerset Region, finding tenants will never be an issue.
• The property is also located approximately halfway along the Brisbane Valley Rail Trail that attracts approximately 50,000 riders per annum, there is the potential to explore short term holiday accommodation.
• The units all come under one singular title, however there is potential to strata title.
The property is low maintenance, high yielding and rare to find so enquire today.
The property is set to go to public auction 10:00am Saturday 31st of August.
*To limit the impact on the tenants in the property, we will only be having one unit open for viewing at the advertised inspection times. All the units are mirror images of one another with very slight differences and all in similar condition.
*The floor plan is representative of all three units.
*All development in the region is subject to council approval & Brisbane Valley Rail Trail rider number estimates have been sourced from www.tmr.qld.gov.au.
Property History for 91 Ipswich St, Esk, QLD 4312
- 29 Nov 2024Sold
- 08 Aug 2024Listed for Sale Auction - Saturday 31st August 10am
- 29 Jan 2014Listed for Rent - Price not available
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0About Esk 4312
The size of Esk is approximately 59.6 square kilometres. It has 5 parks covering nearly 0.5% of total area. The population of Esk in 2011 was 1,755 people. By 2016 the population was 1,681 showing a population decline of 4.2% in the area during that time. The predominant age group in Esk is 60-69 years. Households in Esk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Esk work in a labourer occupation. In 2011, 73.1% of the homes in Esk were owner-occupied compared with 70% in 2016.
Esk has 1,082 properties. Over the last 5 years, Houses in Esk have seen a 107.23% increase in median value, while Units have seen a 144.94% increase. As at 30 November 2024:
- The median value for Houses in Esk is $582,852 while the median value for Units is $392,390.
- Houses have a median rent of $450.
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