12 Cornes St, Mount Morgan is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 450m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
This charming 2 bedroom cottage is dated but just smacks of potential and growth.
It is currently tenanted and is an easy investment for option for someone looking to get there foot in the door on the property market. The tenant is paying $180pw, with the potential for more with the right improvements.
The rental potentials growth is massive, as is the possible renovators flip. The home has stunning period features still in it, some tucked away under older carpet or waiting for updates like the kitchen and bathroom.
The ability to improve your returns is just oozing out of this home. There is even a garage/shed out back that will house two cars, coming in from the rear laneway access.
Call today to discuss investing in your future.
The size of Mount Morgan is approximately 12.1 square kilometres. It has 6 parks covering nearly 1.9% of total area. The population of Mount Morgan in 2011 was 2,114 people. By 2016 the population was 1,979 showing a population decline of 6.4% in the area during that time. The predominant age group in Mount Morgan is 60-69 years. Households in Mount Morgan are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Morgan work in a labourer occupation. In 2011, 63.5% of the homes in Mount Morgan were owner-occupied compared with 65.6% in 2016.
Mount Morgan has 1,446 properties. Over the last 5 years, Houses in Mount Morgan have seen a 198.77% increase in median value, while Units have seen a -12.04% decrease. As at 31 October 2024:
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