OFF MARKET

5 Gray Street
Mount Isa City QLD 4825

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 88m2
Land area: 1012m2
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Property Details for 5 Gray St, Mount Isa City

5 Gray St, Mount Isa City is a 0 bedroom, 0 bathroom House and was built in 1950. The property has a land size of 1012m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in October 2009.

Building Type
House
Year Built
1950
Floor Size
88m2
Land Size
1012m2
Local Government
Mount Isa
Lot/Plan
28/MPH13994

Last Listing description (July 2024)

Situated near the southern end of Gray street, this block is perfectly positioned for higher density development, exactly what the current owners have envisioned.

The block comes complete with plans for a 6 unit complex as well as DA approval (these can also be changed) and an agreement for leasing the finished units to Queensland Health.

The market is screaming for more accommodation for all government departments.

The block has been cleared, sewer encasement works completed as well as a retaining wall in line with the planned development.

The property is connected to reticulated town water and has a septic tank. Electricity and telephone services are all able to be connected to the property.

This opportunity is perfect for the seasoned developer or someone looking to expand their property portfolio with a new build complex.

The subject property is zoned Mixed Use under the town planning scheme in operation in the city of Mount Isa. However, enquiries should be made to Mount Isa City Council for confirmation regarding intended usage.

For further information call Tanya on 0407 129 148.

Property History for 5 Gray St, Mount Isa City, QLD 4825

A timeline of how this property has performed in the market
Last Sold
$275,000
22 Oct 2009
  • 03 Jul 2024
    Listed for Sale $120,000
  • 03 Jan 2014
    Listed for Sale $495,000 EA
  • 22 Oct 2009
    Sold for $275,000
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About Mount Isa City 4825

The size of Mount Isa City is approximately 0.5 square kilometres. The population of Mount Isa City in 2011 was 217 people. By 2016 the population was 89 showing a population decline of 59.0% in the area during that time. The predominant age group in Mount Isa City is 20-29 years. Households in Mount Isa City are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Isa City work in a professional occupation. In 2011, 31% of the homes in Mount Isa City were owner-occupied compared with 32.4% in 2016..

Mount Isa City has 226 properties. Over the last 5 years, Houses in Mount Isa City have seen a 11.60% increase in median value. As at 31 October 2024:

  • The median value for Houses in Mount Isa City is $225,827 while the median value for Units is $193,514.
There are currently no properties listed for sale, and 1 property listed for rent in Mount isa city on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Mount isa city.

Suburb Insights for Mount Isa City 4825

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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.