13 Payne St, Millbank is a 8 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 2009. The property has a land size of 1344m2 and floor size of 280m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Much better than Bank Interest - up to $820 per week or $42,640 - per annum Rates and Insurance approx. $8624 showing a net return of Approx. $34,000 or 4.25%.
The owners of this stable investment have decided it is time to sell. They built the 2 standalone homes in very handy Millbank, using well known local builders.
The size of Millbank is approximately 3.4 square kilometres. It has 4 parks covering nearly 7.8% of total area. The population of Millbank in 2011 was 2,601 people. By 2016 the population was 2,516 showing a population decline of 3.3% in the area during that time. The predominant age group in Millbank is 60-69 years. Households in Millbank are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millbank work in a professional occupation. In 2011, 60.4% of the homes in Millbank were owner-occupied compared with 55.7% in 2016.
Millbank has 1,209 properties. Over the last 5 years, Houses in Millbank have seen a 118.49% increase in median value, while Units have seen a 80.01% increase. As at 31 October 2024:
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