78 Lancaster StreetGarbutt QLD 4814
Property Details for 78 Lancaster St, Garbutt
78 Lancaster St, Garbutt is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 809m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Garbutt in the last 12 months.
Last Listing description (March 2024)
Inspect Today! An opportunity has presented itself with a fantastic dual residence investment that has consistently great returns on 809 m2. Positioned in one of Townsville's city fringe suburbs of Garbutt and only a short distance to major shopping outlets, schools, city, The Strand and more! Both residence are currently leased and are gaining returns of $610 P/W - with no body corporate costs.
Current Property Features Include:
Dwelling 1
- 4 Bedroom house
- 1 Bathroom
- Multiple living spaces with tiles and timber flooring through out
- Air Conditioning
- Crimsafe screens
- Single carport
- New roof
- Fenced yard with room for pets & family
Dwelling 2
- 1 Bedroom studio
- 1 Bathroom
- Open plan design
- Crimsafe screens
- Outdoor entertainment area
- Single carport
This multi income investment is lowset and of timber construction and have been well maintained over the years, they are both have their own space, air conditioning and have great Tenants in place.
Current Rental Income: $31,720.00 P/Year
1) $350 P/W until 25/11/2024
2) $260 P/W until 05/08/2024
Current Rental Appraisal:
1) $420 P/W
2) $320 P/W
To inspect this great property or to find out more please call Gavin Micola today on 0407 159 314
Property History for 78 Lancaster St, Garbutt, QLD 4814
- 22 Feb 2024Sold for $476,000
- 26 Oct 2023Listed for Sale Not Disclosed
- 19 Mar 2014Sold for $410,000
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About Garbutt 4814
The size of Garbutt is approximately 12 square kilometres. It has 6 parks covering nearly 1.3% of total area. The population of Garbutt in 2011 was 2,482 people. By 2016 the population was 2,425 showing a population decline of 2.3% in the area during that time. The predominant age group in Garbutt is 20-29 years. Households in Garbutt are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Garbutt work in a trades occupation. In 2011, 37.8% of the homes in Garbutt were owner-occupied compared with 37.5% in 2016.
Garbutt has 2,410 properties. Over the last 5 years, Houses in Garbutt have seen a 77.87% increase in median value, while Units have seen a 49.86% increase. As at 30 September 2024:
- The median value for Houses in Garbutt is $490,525 while the median value for Units is $286,759.
- Houses have a median rent of $470 while Units have a median rent of $363.
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