OFF MARKET

174 Edith Street
Innisfail QLD 4860

Bedrooms: 8
Bathrooms: 4
Car spaces: 2
Floor area: 101m2
Land area: 504m2
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Property Details for 174 Edith St, Innisfail

174 Edith St, Innisfail is a 8 bedroom, 4 bathroom Unit with 2 parking spaces. The property has a land size of 504m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Floor Size
101m2
Land Size
504m2
Local Government
Cassowary Coast Regional
Lot/Plan
1/RP709611

Last Listing description (April 2024)

INVESTOR ALERT - GREAT OPPORTUNITY
Currently showing a return between 8% and 9%...with tenants all leased up and happy to stay on.

This opportunity exists for the Entrepreneur Investor that can see the big picture.

Offering four Independent Units run on separate meters, you have an immediate source of income pouring in to offset anything you need to deliver on with this property.
A gross weekly return of $790pw is its current lease takings and with the future looking bright for Innisfail. There is certainly scope for rental increase and higher returns.
For more information of this Investment property please call me to discuss further.

* Walking distance to to town
* Currently all Tenanted
* All four units are fully independent
* Close to all basic amenities
* Showing a great return at purchase price
* Innisfail is in a positive transition period
* Nothing to be done to it

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Property History for 174 Edith St, Innisfail, QLD 4860

A timeline of how this property has performed in the market
Last Sold
$392,000
29 Oct 2021
Listed for Rent
$250/w
11 Aug 2023
  • 10 Jul 2023
    Listed for Rent $250 / week
  • 29 Oct 2021
    Sold for $392,000
  • 11 Nov 2019
    Listed for Rent $200 / week
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About Innisfail 4860

The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2011 was 1,075 people. By 2016 the population was 1,137 showing a population growth of 5.8% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation. In 2011, 35.4% of the homes in Innisfail were owner-occupied compared with 32% in 2016.

Innisfail has 887 properties. Over the last 5 years, Houses in Innisfail have seen a 85.36% increase in median value, while Units have seen a 58.53% increase. As at 30 September 2024:

  • The median value for Houses in Innisfail is $298,576 while the median value for Units is $305,027.
  • Houses have a median rent of $250 while Units have a median rent of $300.
There are currently 37 properties listed for sale, and 20 properties listed for rent in Innisfail on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Innisfail.

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