OFF MARKET

2 Penny Street
Millbank QLD 4670

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 102m2
Land area: 1012m2
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Last updated 11 Nov 2024
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Property Details for 2 Penny St, Millbank

2 Penny St, Millbank is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 1012m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in January 2018.

Building Type
House
Year Built
1940
Floor Size
102m2
Land Size
1012m2
Local Government
Bundaberg Regional
Lot/Plan
8/RP13414

Last Listing description (March 2018)

Located in Millbank just a stone's throw from Hospitals, major shopping centers and schools sits this low set 2 bedroom weatherboard residence on a 1,012m2 easement free Res A allotment with potential to be split into 2 or build a secondary dwelling subject to Council approval.
The home features aluminium windows with security screens throughout, TandG walls, timber floors currently covered, 2 good size bedrooms, front sunroom / sitting room, open lounge and dining area, ample size kitchen and tidy bathroom with shower over bathtub.
The property has a 9m x 7m Besser block garage at the rear of the home comprising of single car accommodation plus workshop and storage area with concrete driveway.

This property would be the perfect for those who are prepared to do a bit of work and bring the home back to scratch and either add to / start an investment portfolio or it would be ideal for those wanting to enter into the housing market and pay off their own home at a similar price to renting!!
This is certainly one home that won't break the bank in a handy position with future potential.
Do not delay and call Aaron or Scott today to organize you inspection on this must see property before it is too late.
At a Glance:
Bedrooms: 2
Living areas: 1
Bathrooms:1
Toilets:1
Car Accommodation:1
Land Size: 1,012 m2 (approx)
LG Zoning:Res A
Safety switch: Yes
Smoke Alarms: Yes
Rates: $ 1,400.00 per half year (approx)
Rental Appraisal: $220.00 - $240.00 per week (approx)
The information provided is for use as an estimate only and potential purchasers should make their own enquires to satisfy themselves of any matters.
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Property History for 2 Penny St, Millbank, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$158,500
05 Jan 2018
Listed for Rent
$240/w
09 Sep 2014
  • 05 Jan 2018
    Sold for $158,500
  • 22 Dec 2017
    Listed for Sale $165,000
  • 04 Aug 2014
    Listed for Rent $240 / 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.
There are currently 3 properties listed for sale, and no properties listed for rent in Millbank on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Millbank.

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