OFF MARKET

42 The Esplanade
Grasstree Beach QLD 4740

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 89m2
Land area: 645m2
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Property Details for 42 The Esplanade, Grasstree Beach

42 The Esplanade, Grasstree Beach is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 645m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in December 2017.

Building Type
House
Year Built
1960
Floor Size
89m2
Land Size
645m2
Local Government
Mackay Regional
Lot/Plan
5/Z8508

Last Listing description (July 2018)

Apart from the sensational views it is only a short stroll to one of the best sandy beaches in the Mackay District.
If you are looking for a short term investment or a land banker this may tick all the boxes as the current long term tenant is keen to stay.

The site is improved with an older style two bedroom highset home which has reached the stage where substantial renovation/maintenance expenditure is required.

Given the prime location I believe the highest and best use of the site would be for re-development purposes in the long term. In the short term the property can provide a modest income stream or would be ideal for a weekender.

Take a drive by or phone for an inspection.
Esplanade frontage sites don't come on the market every day.

Under Contract Subject to Conditions

Property History for 42 The Esplanade, Grasstree Beach, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$285,000
06 Dec 2017
  • 06 Dec 2017
    Sold for $285,000
  • 09 Nov 2017
    Listed for Sale $310,000
  • 20 Jun 1988
    Sold for $57,500

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About Grasstree Beach 4740

The size of Grasstree Beach is approximately 16.9 square kilometres. The population of Grasstree Beach in 2011 was 988 people. By 2016 the population was 740 showing a population decline of 25.1% in the area during that time. The predominant age group in Grasstree Beach is 50-59 years. Households in Grasstree Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Grasstree Beach work in a professional occupation. In 2011, 76.8% of the homes in Grasstree Beach were owner-occupied compared with 76.3% in 2016.

Grasstree Beach has 518 properties. Over the last 5 years, Houses in Grasstree Beach have seen a 87.27% increase in median value, while Units have seen a 116.99% increase. As at 31 October 2024:

  • The median value for Houses in Grasstree Beach is $546,690 while the median value for Units is $302,744.
  • Houses have a median rent of $400.
There are currently 6 properties listed for sale, and no properties listed for rent in Grasstree beach on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Grasstree beach.

Suburb Insights for Grasstree Beach 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.