OFF MARKET

10 Banksia Street
Forrest Beach QLD 4850

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 148m2
Land area: 701m2
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Last updated 2 Sep 2024
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Property Details for 10 Banksia St, Forrest Beach

10 Banksia St, Forrest Beach is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 701m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last sold in July 2021.

Building Type
Unit
Floor Size
148m2
Land Size
701m2
Local Government
Hinchinbrook
Lot/Plan
5/RP738534

Last Listing description (September 2021)

Duplexes are a great option for property investment as they offer more security and flexibility than a regular home.
This set of 2 bedroom units property has been updated over the past few years with new split system a/c to the living areas, tiles throughout and maintenance issues duly attended to.
Following one tenant moving out recently, the owners have decided to keep one side empty to show potential purchaser through. Demand for rentals is high so we should be able have the property fully tenanted by settlement, maximising your rental income.

The tenanted unit is rented at $150wk and we would suggest a rent of $165 for the vacant unit.
Another option is to live in one and rent the other or set one up as a holiday rental and use yourself when it is available.
The Duplex is situated with walking distance to the beach and shops, across the road from a large park and has a vacant block next door and at the rear, making for a quiet location. Please call or email for an inspection or details

Property History for 10 Banksia St, Forrest Beach, QLD 4850

A timeline of how this property has performed in the market
Last Sold
$230,000
09 Jul 2021
Listed for Rent
$150/w
11 Oct 2011
  • 09 Jul 2021
    Sold for $230,000
  • 06 Oct 2020
    Listed for Rent - Price not available
  • 19 Jul 2011
    Listed for Rent - Price not available
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About Forrest Beach 4850

The size of Forrest Beach is approximately 45.2 square kilometres. It has 2 parks covering nearly 10.4% of total area. The population of Forrest Beach in 2011 was 1,232 people. By 2016 the population was 1,247 showing a population growth of 1.2% in the area during that time. The predominant age group in Forrest Beach is 60-69 years. Households in Forrest Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forrest Beach work in a trades occupation. In 2011, 69.8% of the homes in Forrest Beach were owner-occupied compared with 70.7% in 2016.

Forrest Beach has 1,041 properties. Over the last 5 years, Houses in Forrest Beach have seen a 68.02% increase in median value, while Units have seen a 15.78% increase. As at 31 July 2024:

  • The median value for Houses in Forrest Beach is $346,302 while the median value for Units is $236,893.
  • Houses have a median rent of $425.
There are currently 19 properties listed for sale, and 1 property listed for rent in Forrest beach on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Forrest beach.

Suburb Insights for Forrest Beach 4850

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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.