2/77 Avoca StreetMillbank QLD 4670
Property Details for 2/77 Avoca St, Millbank
2/77 Avoca St, Millbank is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 155m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Last Listing description (October 2022)
Golden opportunity to get into the rising Bundaberg property market here, the potential purchase price of early $200's along with the potential rental return of around $290/wk makes this a very affordable way to get onto the property ladder or add to the real estate that you hold.
The unit will be vacant at settlement allowing an owner occupier to move in and relax.
The rental demand far out ways supply and permission will be granted to advertise for rent once a contract is unconditional to have a tenant approved by yourself organised to move in as soon as settlement occurs.
Lovely air-conditioned open plan kitchen, dining, lounge room living area flowing seamlessly through to a huge, full length outdoor entertaining area and private, fully fenced courtyard. Recently renovated with a new kitchen and updated bathroom, lovely colour palette, good floor coverings through-out making this 2-bedroom unit in outstanding condition ready for the new owner to move in and enjoy. Both bedrooms are large with one of them air-conditioned.
You could be a young working adult living comfortably at home, continue to live at home, buy this property, place a tenant in and let the tenants rent cover most of the costs. Watch your investment grow over time and co-ordinate a lease to provide you the option to move into when the time is right. For those that are paying off their own home, use your new equity with the increase in property values to buy this and allow the tenants to cover the interest payments on the loan.
Highly sought-after location as it is within a 5-minute drive of the Bundaberg C.B.D, 3-minute drive to hospitals and major shopping. Walking distance to Schools, parks, public transport, Salters Oval sports ground and more.
AT A GLANCE
- Recently renovated throughout
- 2 bedrooms with built-in wardrobes
- 1 Bathroom with separate toilet off laundry
- Air conditioning to living area and master bedroom.
- Storeroom with roller door entry and internal access which could be converted into a 3rd bedroom or used for the motor bike.
- Full length outdoor entertaining area.
- Private courtyard.
Town Water: Yes
Town Sewage: Yes
Rates: $1500 per half year
Body Corporate Fees: $71.30 per week approx.
Vacant possession- YES
Rental appraisal $290-$330/wk.
Agent: Tim McCollum
Mobile: 0427 523 088
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 2/77 Avoca St, Millbank, QLD 4670
- 17 Aug 2022Sold for $225,000
- 01 Aug 2022Listed for Sale Offers Above $200,000
- 15 Jan 2021Listed for Rent $280 / week
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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 1,209 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:
- 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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