6/31 Payne St, Millbank is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 117m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Unit 5 and 6 are the two units at the rear of the Complex, units are mirror image and both offer 2 built-in bedrooms, 2 bathrooms, ceiling fans and air-conditioned living area. There is a single attached car garage and remote access with direct internal access. To the back of the unit off the living area is an outdoor entertainment area with 6 foot privacy fencing. The open-plan living and dining area with glass sliding door onto the outdoor area is designed to maximize space and natural light. The kitchen overlooks the dining and is equipped with electric cooking, dishwasher and ample storage. There is single gate access on both ends for direct side and back yard access. Both units have a 3KW solar system to keep electricity charges to a minimum.
Unit 5 features two spacious bedrooms, master with an ensuite. Currently tenanted at $340 per week with lease in place to the 08/11/2023.
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:
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