46 Machan StreetMachans Beach QLD 4878
Property Details for 46 Machan St, Machans Beach
46 Machan St, Machans Beach is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1968. The property has a land size of 596m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in August 2020.
Last Listing description (January 2021)
Make no mistake - this property needs someone who can do a little home handyman work for a few weekends, so pack your hammer and paint brushes! A building inspection has been done already. There is nothing intrinsically wrong with this lovely cottage. It simply needs maintenance! It is structurally sound, with a solid roof and the cladding is well sealed and painted. While you're tied up in isolation, you have the perfect opportunity to bog up some holes, run some silicone over some gaps, wash down the external walls and return this old lady back to her best!
The owners has held onto this property for the past seven years, achieving excellent rental returns. They are now downsizing so this lovely cottage can now be yours. All reasonable offers will be listened to. Buy now to live in as-is, or retain the excellent tenants while making instant returns on your investment.
You'll hear people in the real estate industry use platitudes like "ideal first home" and "renovators delight" or "ideal investment opportunity". But in this case, this beautiful post-war Machans Beach cottage fills all three slots quite nicely. Whilst it is currently in solid condition, it could do with a fresh set of hands to give it a good going over. It is however, so well priced you can afford to buy and do the repairs as you go.
The current owner has been renting this property out with consistent quality tenants in place. It's currently achieving $395 per week, approximately 6% gross returns on the purchase price. That makes it a sure thing from an investor's point of view.The current tenants have a lease until October 2020 and are happy to extend. As a family home, the two bedrooms are quite generously sized, with the master bedroom having built-in wardrobes.
As you walk in through the front french doors, you'll enter the combined lounge dining room and kitchen allowing an nice open plan layout. The stand alone large studio at the rear of the property adds that extra dimension. Whilst it can't legally be classified as a bedroom, it has in the past been used as a teenager's retreat and an office very successfully. There is also water connected to the studio.
All rooms including the studio, are air conditioned with quality split systems, there is a wide and long concrete driveway with undercover, and open spaces for parking several vehicles. It also has drive through gates to the backyard which make landscaping and garden care a breeze. The property has gas hot water and stove.
It is fully fenced, and previous tenants have been allowed dogs and the fencing has proven to be large and small dog secure. Yes, you will see that there is work to be done, this is no sit back and relax property, but if you're handy on the tools, it soon will be! Homes in this price bracket don't last long so get your skates on! As an added bonus, you'll be living in a very welcoming community.
The house is a 50 metre stroll to a great primary school with after school and vacation care in place. It's also a mere minute's walk to one of the best little stores/servo/post offices in Cairns. Then you have O'Shea's restaurant with a wonderful menu and views to gaze at forever. And for some of the best coffee and food in town? Mayhem at Machans! Your selling agent lived at Machans Beach for over a decade and loved it, maybe it's time you discovered it too!
Property History for 46 Machan St, Machans Beach, QLD 4878
- 16 Aug 2020Sold for $335,000
- 04 Feb 2020Listed for Sale Offers over $330,000
- 13 Oct 2015Listed for Sale Offers around $385000
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About Machans Beach 4878
The size of Machans Beach is approximately 4 square kilometres. It has 3 parks covering nearly 3.4% of total area. The population of Machans Beach in 2011 was 941 people. By 2016 the population was 1,061 showing a population growth of 12.8% in the area during that time. The predominant age group in Machans Beach is 50-59 years. Households in Machans Beach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Machans Beach work in a professional occupation. In 2011, 62.9% of the homes in Machans Beach were owner-occupied compared with 68.1% in 2016.
Machans Beach has 512 properties. Over the last 5 years, Houses in Machans Beach have seen a 36.86% increase in median value, while Units have seen a 95.11% increase. As at 31 August 2024:
- The median value for Houses in Machans Beach is $520,886 while the median value for Units is $462,108.
- Houses have a median rent of $550.
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