OFF MARKET

41 Garden Street
Mundingburra QLD 4812

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 330m2
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Property Details for 41 Garden St, Mundingburra

41 Garden St, Mundingburra is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 330m2.

Building Type
Unit
Year Built
1990
Land Size
330m2
Local Government
Townsville City
Lot/Plan
1/SP189981

Last Listing description (June 2020)

Investors please take note of the following statistics;

- 4 very tidy units
- earning $200 per week each

- in a quiet street with great tenants
- total insurance costs very low for 4 owned units - no body corp
- the complex is strata titled
- we believe this is the single best value for money unit complex in Townsville
- $580K purchase and $800 per week in rent!!!
- Lower risk by virtue of 4 tenants
- Can be sold in full or per unit

Call to arrange an inspection and be really quick as these units will sell.

Property History for 41 Garden St, Mundingburra, QLD 4812

A timeline of how this property has performed in the market
Listed for Rent
26 Jun 2017
  • 15 May 2020
    Listed for Sale $580,000
  • 30 May 2017
    Listed for Rent - Price not available

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About Mundingburra 4812

The size of Mundingburra is approximately 2.5 square kilometres. It has 5 parks covering nearly 22.5% of total area. The population of Mundingburra in 2011 was 3,878 people. By 2016 the population was 3,608 showing a population decline of 7.0% in the area during that time. The predominant age group in Mundingburra is 10-19 years. Households in Mundingburra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mundingburra work in a professional occupation. In 2011, 59% of the homes in Mundingburra were owner-occupied compared with 58.8% in 2016.

Mundingburra has 1,716 properties. Over the last 5 years, Houses in Mundingburra have seen a 70.12% increase in median value, while Units have seen a 61.48% increase. As at 31 October 2024:

  • The median value for Houses in Mundingburra is $508,729 while the median value for Units is $331,539.
  • Houses have a median rent of $495 while Units have a median rent of $370.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Mundingburra on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Mundingburra.

Suburb Insights for Mundingburra 4812

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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.