OFF MARKET

364 Bourbong Street
Millbank QLD 4670

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 108m2
Land area: 1012m2
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Property Details for 364 Bourbong St, Millbank

364 Bourbong St, Millbank is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 1012m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
House
Year Built
1970
Floor Size
108m2
Land Size
1012m2
Local Government
Bundaberg Regional
Lot/Plan
32/RP13414

Last Listing description (August 2022)

Plenty of investment potential with these 2 homes on one block!
No matter if you are looking for a set and forget investment, or something with dual living potential to live in one and rent out the other.

Potential yield of 7.33%!

(based on expected rental returns in our current market).

House 1 offers;
- Built in 2020
- Open plan combined living in the heart of the home
- Kitchen with dishwasher, electric oven and stove top, island bench, plenty of cabinetry and featuring a walk-in pantry
- Family living room at the front of the home
- Master bedroom with walk-in wardrobe and ensuite
- Bedroom 2 and 3 with ceiling fans and built-in wardrobes
- Main bathroom with separate bath, shower and vanity
- Ceiling fans throughout with multiple storage/linen cupboards
- Covered outdoor patio area
- Double lock-up garage
- Currently rented for $500 per week on a periodic

House 2 offers;
- Original style kitchen with free-standing gas oven and cooktop
- Separate living and dining areas
- 3 good-sized bedrooms
- Bathroom with shower, vanity and built-in cupboard
- Step down to the laundry with backyard access
- Ceiling fans and security screens throughout
- Double carport
- Surrounded by 6ft fencing
- Tenants on periodic lease at $330 per week
- Estimated rental appraisal of $360 per week

Separately metered.
Rates are a combined approx. $3,300 per half year.

Conveniently located in a flood free location and close to schools, shops, the medical precinct, public transport, and just a 5 minute drive to Bundaberg CBD!

Inspections by appointment only. Call, text or email Ainsley Driver and Zak Wright for more information, or to book a private viewing.

Property History for 364 Bourbong St, Millbank, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$620,000
11 Jul 2022
  • 11 Jul 2022
    Sold for $620,000
  • 06 Jul 2022
    Listed for Sale Offers Over $599,000
  • 01 Jul 2016
    Sold for $225,000
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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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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.