4 English StreetManunda QLD 4870
Property Details for 4 English St, Manunda
4 English St, Manunda is a 7 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1986. The property has a land size of 749m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in December 1986.
Last Listing description (March 2023)
SOLD UNDER THE HAMMER!
Ideally positioned less than 5km from Cairns CBD, this is the perfect investment opportunity to add to your property portfolio with potential returns of approximately $71,240 per year!
Land Details:
- Single title on Freehold
- Land use: Multi Unit dwelling (Flats)
- Zoned: Low Medium Density Residential
- 1,419sqm block of land
Units Details:
- 3 x 2 bedroom, 1 bathroom units
- 1 x 1 bedroom, 1 bathroom unit
- 4 x Secure Carports
Consisting of:
- Large Bedrooms with built in robes
- Each unit has an internal laundry, private rear yard and patio
- Air-Conditioning
- Security Screens throughout
- Fenced grounds with easy to maintain landscaped gardens
Return Details:
Unit 1 - Currently renting at $250/wk (New rental appraisal $320/wk)
Unit 2 - Currently renting at $290/wk (New rental appraisal $350/wk)
Unit 3 - Currently renting at $270/wk (New rental appraisal $350/wk)
Unit 4 - Currently renting at $260/wk (New rental appraisal $350/wk)
Total annual income $55,640/pa (Achievable annual income approximately $71,240/pa)
- Council rates: $5,334.02 per half year
- Water rates: Approx. $232.36 per quarter
Summation: This is a tidy and well-maintained complex with the opportunity to achieve some of the strongest returns in residential real estate. Consisting of four registered units (on one title) with a current gross rental income per week of $1,070 for residential leases, with scope to increase gross profits through short term/holiday rental via Airbnb or renovate and maximise potential residential lease rental returns.
This is truly a rare and exceptional opportunity for the astute investor. Call to arrange your inspection today!
Auction In Room at LJ Hooker (81-83 Woodward Street, Edge Hill)
and Online Via Realtair.
13/02/23 at 5:30pm
**Offers considered prior to Auction**
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Please note: Some virtual editing has been completed to remove personal items from images.
Property History for 4 English St, Manunda, QLD 4870
- 26 Jan 2023Listed for Sale Auction at 81-83 Woodward St, Edge Hill & Online
- 10 Dec 1986Sold for $68,000
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0About Manunda 4870
The size of Manunda is approximately 4.2 square kilometres. It has 12 parks covering nearly 16.2% of total area. The population of Manunda in 2011 was 4,963 people. By 2016 the population was 5,400 showing a population growth of 8.8% in the area during that time. The predominant age group in Manunda is 20-29 years. Households in Manunda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manunda work in a community and personal service occupation. In 2011, 39.3% of the homes in Manunda were owner-occupied compared with 38.3% in 2016.
Manunda has 3,105 properties. Over the last 5 years, Houses in Manunda have seen a 53.69% increase in median value, while Units have seen a 88.35% increase. As at 31 October 2024:
- The median value for Houses in Manunda is $540,250 while the median value for Units is $285,137.
- Houses have a median rent of $470 while Units have a median rent of $380.
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