OFF MARKET

34 Somer Street
Hyde Park QLD 4812

Bedrooms: 5
Bathrooms: 3
Car spaces: 5
Floor area: 215m2
Land area: 425m2
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Property Details for 34 Somer St, Hyde Park

34 Somer St, Hyde Park is a 5 bedroom, 3 bathroom Unit with 5 parking spaces and was built in 1985. The property has a land size of 425m2 and floor size of 215m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
1985
Floor Size
215m2
Land Size
425m2
Local Government
Townsville City
Lot/Plan
73/RP703349

Last Listing description (August 2023)

Situated on the city fringe in beautiful Hyde Park, this positively geared and beautifully renovated property will be providing one lucky investor with amazing rental income in one of the most popular suburbs Townsville has to offer!

Welcome to 34 Somer Street, Hyde Park.

The Opportunity:

The savvy investor who purchases this property will immediately reap the benefits thanks to the 3 established tenancies through to 12 July 2023, 2 Feb 2024 and 14 September 2023 generating a collective $830 per week or $43,160.00 per annum worth of rental income for a gross rental yield of over 8.5%!**

**Based on the sale price of $500,000.

The Property:
- 5 Generously sized bedrooms
- 3 Fully renovated bathrooms
- Split into 3 dwellings, each with their own kitchen (two 2 Bedroom units, and a single 1 Bedroom unit)
- Shared laundry facilities
- Polished wooden floorboards on top floor
- High quality, durable and newly installed vinyl tiles on ground floor
- No carpet providing for easy and carefee cleaning
- Well appointed kitchens with quality appliances
- Built in wardrobes throughout
- Recently undergone major renovations throughout including QBCC Coverage for defects in works until May 2026.
- Single title; NO BODY CORPORATE FEES!
- Deprecation schedule in place providing benefits for years to come

The Location:
Situated in the heart of Hyde Park, this beautiful 5 bedroom, 3 bathroom multi unit dwelling is just minutes away from everything that Townsville City has to offer!
- 6 minute drive to the CBD and city restaurants
- 2 minute drive to Castletown Shopping World
- 8 minute drive to the strand beachfront
- 6 minute drive to the newly built Queensland Country bank Stadium

The numbers speak for themselves here. Don't miss out on the chance to purchase this large, positively geared property with multiple dwellings within. This is an absolutely unbeatable opportunity.

**Council Rates are $7500 per annum**

Call Dylan on 0447 267 806 to find out more!

Property History for 34 Somer St, Hyde Park, QLD 4812

A timeline of how this property has performed in the market
Last Sold
$485,000
04 Jul 2023
Listed for Rent
14 Jun 2014
  • 04 Jul 2023
    Listed for Sale Not Disclosed
  • 04 Jul 2023
    Sold for $485,000
  • 13 Aug 2018
    Sold for $285,000
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About Hyde Park 4812

The size of Hyde Park is approximately 1.2 square kilometres. It has 4 parks covering nearly 6.3% of total area. The population of Hyde Park in 2011 was 1,425 people. By 2016 the population was 1,374 showing a population decline of 3.6% in the area during that time. The predominant age group in Hyde Park is 30-39 years. Households in Hyde Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hyde Park work in a professional occupation. In 2011, 47.9% of the homes in Hyde Park were owner-occupied compared with 49.3% in 2016.

Hyde Park has 933 properties. Over the last 5 years, Houses in Hyde Park have seen a 61.34% increase in median value, while Units have seen a 78.54% increase. As at 31 October 2024:

  • The median value for Houses in Hyde Park is $504,398 while the median value for Units is $287,957.
  • Houses have a median rent of $400 while Units have a median rent of $345.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Hyde park on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Hyde park.

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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.