OFF MARKET

16 River Terrace
Millbank QLD 4670

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 1012m2
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Property Details for 16 River Tce, Millbank

16 River Tce, Millbank is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 1012m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in October 2012.

Building Type
House
Year Built
1950
Floor Size
80m2
Land Size
1012m2
Local Government
Bundaberg Regional
Lot/Plan
98/RP13416

Last Listing description (October 2016)

MASSIVE investment opportunity walking distances to hospitals, retirement villages and shops. Features include:

Opportunity to develop (STC)
Returning $280 p/w (6.06% Rental Return)

Modern kitchen electric appliances
Polish Timber Floors
Split system A/C and fans
New roof and guttering + concrete stumps

Act now for your chance to purchase a fantastic opportunity and investment.

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Property History for 16 River Tce, Millbank, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$228,000
09 Oct 2012
Listed for Rent
$285/w
21 Jul 2010
  • 09 Oct 2012
    Sold for $228,000
  • 02 Jun 2012
    Listed for Sale $259,000
  • 08 Dec 2010
    Listed for Sale $259,000 NEG
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About 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.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Millbank on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Millbank.

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