36 Flynn StreetMornington QLD 4825
Property Details for 36 Flynn St, Mornington
36 Flynn St, Mornington is a 8 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 1303m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (December 2021)
Mount Isa 8 units returning mega money.
"Success Leaves Clues "
---> Always purchase property with future subdivision potential.
---> Always purchase property with immediate rent increase available.
---> Always purchase property in a strong rental market.
---> Always purchase property when interest rates are low.
This property has all the boxes ticked.
Mount Isa has a good rental history for the past 40 plus years. This property has just been appraised at $1800.00 per week, Currently all tenanted.
Current rent is $1665.00 per week with long term tenants, easy income.
All units are separately metered for power, the current owners had an DA approval to divide into 2 lots of 4 units with very little work to complete the change, however this has recently expired and would require resubmission.
Extensively refurbished over the past five years these units are solid construction and require minimal maintenance.
Here is an opportunity not to be missed what a Christmas present to add to your portfolio $900,000
or make an offer.
sustainability declaration available from agent
A copy of the Sustainability Declaration Form is available from our office
Property Code: 7
Property History for 36 Flynn St, Mornington, QLD 4825
- 08 Sep 2021Sold for $520,000
- 22 May 2019Listed for Rent $120 / week
- 13 Dec 2018Listed for Rent $100 / week
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About Mornington 4825
The size of Mornington is approximately 1 square kilometres. It has 2 parks covering nearly 9.8% of total area. The population of Mornington in 2011 was 1,918 people. By 2016 the population was 1,754 showing a population decline of 8.6% in the area during that time. The predominant age group in Mornington is 20-29 years. Households in Mornington are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation. In 2011, 40.4% of the homes in Mornington were owner-occupied compared with 38.5% in 2016.
Mornington has 991 properties. Over the last 5 years, Houses in Mornington have seen a 14.26% increase in median value, while Units have seen a -27.64% decrease. As at 31 October 2024:
- The median value for Houses in Mornington is $240,911 while the median value for Units is $223,790.
- Houses have a median rent of $450 while Units have a median rent of $280.
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