OFF MARKET

21 Musgrave Street
Gympie QLD 4570

Bedrooms: 10
Bathrooms: 5
Car spaces: 4
Land area: 1265m2
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Property Details for 21 Musgrave St, Gympie

21 Musgrave St, Gympie is a 10 bedroom, 5 bathroom Unit with 4 parking spaces. The property has a land size of 1265m2. While the property is not currently for sale or for rent, it was last sold in April 2019.

Building Type
Unit
Land Size
1265m2
Local Government
Gympie Regional
Lot/Plan
2/MPH33131

Last Listing description (July 2024)

Strong opportunity to secure a rock solid investment that has stood the test of time!

* 5 x two bedroom, one bathroom units

* All units are currently tenanted, returning $1,020 per week in total
* 7.58% gross return p.a. (approximately 6.12% net return p.a.) calculated on $700,000
* Fresh paint to the exterior of the entire unit block
* Three of the units have refurbished kitchens
* All units feature ceiling fans in the main bedroom and lounge room
* All units have front & rear access
* Units 2, 3 & 5 are fully security screened, with units 1 & 4 partially security screened
* Situated within walking distance to Gympie's CBD
* Rates are approximately $4,600/half year (inclusive of water usage)
* Double carport & additional two car spaces underneath the unit block
* Communal laundry area underneath

This rock solid investment is the perfect addition to your expanding portfolio. Make YOUR next move count today!

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Property History for 21 Musgrave St, Gympie, QLD 4570

A timeline of how this property has performed in the market
Last Sold
$680,000
24 Apr 2019
Listed for Rent
$190/w
06 Apr 2012
  • 21 Oct 2019
    Listed for Rent - Price not available
  • 24 Apr 2019
    Sold for $680,000
  • 11 Mar 2019
    Listed for Sale UNDER CONTRACT
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About Gympie 4570

The size of Gympie is approximately 15.2 square kilometres. It has 32 parks covering nearly 13.9% of total area. The population of Gympie in 2011 was 10,156 people. By 2016 the population was 10,787 showing a population growth of 6.2% in the area during that time. The predominant age group in Gympie is 0-9 years. Households in Gympie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gympie work in a labourer occupation. In 2011, 57.8% of the homes in Gympie were owner-occupied compared with 54.1% in 2016.

Gympie has 6,440 properties. Over the last 5 years, Houses in Gympie have seen a 107.99% increase in median value, while Units have seen a 38.01% increase. As at 30 September 2024:

  • The median value for Houses in Gympie is $529,625 while the median value for Units is $387,749.
  • Houses have a median rent of $490 while Units have a median rent of $350.
There are currently 75 properties listed for sale, and 21 properties listed for rent in Gympie on OnTheHouse. According to CoreLogic's data, 404 properties were sold in the past 12 months in Gympie.

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