2/126 Pierce StreetKoongal QLD 4701
Property Details for 2/126 Pierce St, Koongal
2/126 Pierce St, Koongal is a 2 bedroom, 1 bathroom Unit. The property has a land size of 645m2.
Last Listing description (April 2022)
located on a level fenced 645m2 allotment. These spacious brick units are in strong demand by residential tenants. Each unit features 2 good size bedrooms, an open plan lounge, dining room, a modern kitchen, an excellent bathroom and an internal laundry.
Each unit comes complete with a split sysytem air conditioner,an individual car port with gated security, a garden shed for storage,excellent paint work and good floor coverings.
This complex has a new roof and could easily be fenced to provide private court yards
Unit 2 is rented to reliable tenants at $260 per week with a lease expiry date of 11-1-2023
This complex provides an excellent rental investment with outstanding returns approx 6.7% gross and capable of higher returns
The other benefits to an investor is that each unit provides affordable quality accommodation for a tenant and there are 2 separate income streams
Inspect today you will be inpressed
Property History for 2/126 Pierce St, Koongal, QLD 4701
- 20 Feb 2022Listed for Sale OFFERS OVER $380,000
- 30 Nov 2020Listed for Rent $250 / week
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About Koongal 4701
The size of Koongal is approximately 4.4 square kilometres. It has 8 parks covering nearly 16.8% of total area. The population of Koongal in 2011 was 4,727 people. By 2016 the population was 4,276 showing a population decline of 9.5% in the area during that time. The predominant age group in Koongal is 0-9 years. Households in Koongal are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Koongal work in a labourer occupation. In 2011, 59% of the homes in Koongal were owner-occupied compared with 59.8% in 2016.
Koongal has 2,070 properties. Over the last 5 years, Houses in Koongal have seen a 109.21% increase in median value, while Units have seen a 38.56% increase. As at 31 August 2024:
- The median value for Houses in Koongal is $405,491 while the median value for Units is $245,531.
- Houses have a median rent of $470 while Units have a median rent of $345.
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