393 Paterson AvenueKoongal QLD 4701
Property Details for 393 Paterson Ave, Koongal
393 Paterson Ave, Koongal is a 2 bedroom, 1 bathroom House and was built in 1940. The property has a land size of 1196m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last transferred in August 2024.
Last Listing description (November 2022)
** Vendor has advised he is happy to look at a realistic offer on the property if the buyer is pre-approved or cash.
Investors please note, this property with its huge block of land not only shows great potential, but has been tenanted by the same person for the past 6 years, with a current lease is place until July 2023 @ $340 p/w.
Located close to shops, schools and public transport, this neat 2 bedroom + sleepout timber home, has 8 sets of French doors leading onto the open and enclosed side verandahs to enable the cool breezes of the nearby hills to filter through the house, and a large split system aircon is in the lounge room if required! One side of the enclosed verandah is the sleepout, whilst the open side is lovely and wide, and offers a great place for summer entertainment. The house also offers great views to the close-by green hills.
A small modern kitchen has an electric stove, and polished floors, high ceilings and T&G internal walls throughout are also a feature of this Queenslander, whilst downstairs has partial block walls, paved flooring, a laundry, and a lockable workshop area, and there is side access on both sides of the house, opening up to the huge 1,196m2 block, which is fully fenced.
Cooke Property manage the rental on this property, which is currently showing a good yield of approx. 6.6% on your investment.
A Circuit Breaker switch is in place, and there is a current Compliance Certificate for the new smoke alarm system.
Council Land Rates are approx.$1,850 per half year gross, with a substantial discount offered by Council if they are paid on or before the due date, and Water Rates are approx.$40 per quarter.
As this property is tenanted, 24 hours notice in advance is required for any private inspection, so please contact Exclusive Agent Lorna Myers on M: 0408 615 375 or E: lorna.myers@cookeproperty.com.au to make a suitable time for viewing, as there will be no open homes.
Features:
- 2 spacious bedrooms + sleepout
- Modern Kitchen
- Polished Floors - T&G walls
- Large wrap-around verandahs with French Doors
- Loads of lockable storage under
- 1,196m2 flood free allotment
Property History for 393 Paterson Ave, Koongal, QLD 4701
- 19 Aug 2024Transferred for $50,000
- 24 Sep 2022Sold for $270,000
- 29 Aug 2022Listed for Sale OFFERS OVER $265,000
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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 2,066 properties. Over the last 5 years, Houses in Koongal have seen a 118.35% increase in median value, while Units have seen a 8.70% increase. As at 31 October 2024:
- The median value for Houses in Koongal is $426,715 while the median value for Units is $244,242.
- Houses have a median rent of $475 while Units have a median rent of $350.
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