72 Spence StreetMornington QLD 4825
Property Details for 72 Spence St, Mornington
72 Spence St, Mornington is a 4 bedroom, 3 bathroom Unit and was built in 1965. The property has a land size of 1012m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in February 2005.
Last Listing description (October 2023)
Providing a lucrative income for the current owner, this solid block of 3 flats is ready to benefit a new set of investors who are keen to expand their portfolio or live in one and rent the others.
Well situated close to the city, these units feature the following:
- Solid block units (rare find)
- 2 semi-attached and 1 free standing unit
- No body corp fees!
Unit 1 & 2 are the same:
- 1 large carpeted bedroom with BIR
- 1 bathroom
- Aircon throughout
- Tiled living and kitchen
- Neat and tidy kitchen
- External laundry
- Security screens
Unit 3:
- 2 carpeted bedrooms with BIRs
- The master bedroom is huge
- 1 bathroom
- Air con throughout
- New flooring throughout
- Freshly painted
- Internal laundry
- Security screens
The location is easy walking distance to the CBD and these units are consistently leased out, showing a 10% return with the added advantage of bring low maintenance.
Call Tanya (0407 129 148) or Kaydee (0419 700 579) to arrange a viewing.
Property History for 72 Spence St, Mornington, QLD 4825
- 06 Dec 2022Listed for Sale $390,000
- 25 Feb 2005Sold for $190,000
- 12 Feb 1989Sold for $75,000
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0About 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 990 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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