13 Payne StreetMillbank QLD 4670
Property Details for 13 Payne St, Millbank
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.
Last Listing description (August 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.
Each Home consists of:
4 Built in Bedrooms, Mains with ensuite and A/C
Modern Kitchens with Cooktop, underbench oven and Dishwasher
Open Plan living and dining with A/C, Undercover outdoor area
Double attached remote garages
Fenced allotments - rear home has large backyard
Brick and colorbond - easy access to amenities, close to medical and shopping
*INTERNAL PHOTOS ARE PRIOR TO CURRENT TENANTS ENTRY
Benefits include:
2 Rental incomes with estimated Rental of $400-$410 per week (In current market) per house.
Opportunity to live in one and receive income from the other
The owners are committed to sell and will discuss and interest presented. Call the Exclusive Agent Brant Duff on 0413 136 857 to discuss and arrange a viewing.
DISCLAIMER
The information provided is for use as an estimate only and potential purchasers should make their own inquiries to satisfy themselves of any matters.
Property History for 13 Payne St, Millbank, QLD 4670
- 17 Jul 2021Sold for $750,000
- 11 Feb 2021Listed for Sale $799,000
- 18 Jun 2019Listed for Rent - Price not available
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0About Millbank 4670
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 1,208 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:
- The median value for Houses in Millbank is $509,231 while the median value for Units is $368,389.
- Houses have a median rent of $500 while Units have a median rent of $355.
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