SOLD
RECENT ADVICE
Sold on 11 Sep 2024 for $920,000

66A Farnborough Road
Meikleville Hill QLD 4703

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 2112m2
Sold By
Harcourts Low & Co Rockhampton
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Property Details for 66a Farnborough Rd, Meikleville Hill

Building Type
Commercial
Land Size
2112m2
Local Government
Livingstone
Lot/Plan
2/LN1613

Last Listing description (October 2024)

This prime location on Farnborough Road, Yeppoon has redevelopment potential (STCA) or simply appreciate the benefits of the existing home and stand-alone shop space.
A 2112m2 block, the combined muti dwelling/shop use is just a stones throw to the popular dog friendly Farnborough beach, a short stroll to Yeppoon CBD and directly next door to a town favourite fish and chip shop.

The Shop,

- 120m2 of shop floor area
- Currently rented at $500per week, making this a nice sturdy income
- Street Parking
- Large exposure from Farnborough Road
- Airconditioning throughout

Vacant Block, (STCA)
- 1027m2

The AirBNB,
- 3 Bedrooms
- 1 spacious bathroom
- Almost always booked out
- Expansive entertaining area

The Shop and Air BNB combined, returning approximately $53,000 Per annum! Use your imagination to develop or simply exchange hands and continue as is. Beachfront properties on just over half an acre are extremely rare.
Don't let this excellent beachfront investment opportunity pass you by!

Property History for 66a Farnborough Rd, Meikleville Hill, QLD 4703

A timeline of how this property has performed in the market
Last Sold
$920,000
11 Sep 2024
Listed for Rent
$280/w
07 Sep 2015
  • 29 Aug 2024
    Listed for Sale Offers over $920,000 Considered
  • 29 Aug 2024
    Sold for $920,000
  • 22 Dec 2023
    Listed for Sale Offers over $920,000 Considered
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About Meikleville Hill 4703

The size of Meikleville Hill is approximately 0.5 square kilometres. It has 2 parks covering nearly 1.8% of total area. The population of Meikleville Hill in 2011 was 467 people. By 2016 the population was 467 showing a stable population in the area during that time. The predominant age group in Meikleville Hill is 50-59 years. Households in Meikleville Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Meikleville Hill work in a professional occupation. In 2011, 54.3% of the homes in Meikleville Hill were owner-occupied compared with 60.6% in 2016.

Meikleville Hill has 308 properties. Over the last 5 years, Houses in Meikleville Hill have seen a 95.28% increase in median value, while Units have seen a 95.66% increase. As at 30 September 2024:

  • The median value for Houses in Meikleville Hill is $735,791 while the median value for Units is $607,802.
  • Houses have a median rent of $443 while Units have a median rent of $340.
There are currently 7 properties listed for sale, and no properties listed for rent in Meikleville hill on OnTheHouse. According to CoreLogic's data, 28 properties were sold in the past 12 months in Meikleville hill.

Suburb Insights for Meikleville Hill 4703

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.