SOLD
Sold on 05 Aug 2024 for $686,000

37 Tung Yeen Street
Park Avenue QLD 4701

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 96m2
Land area: 1071m2
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Property Details for 37 Tung Yeen St, Park Avenue

37 Tung Yeen St, Park Avenue is a 2 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1950. The property has a land size of 1071m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Park Avenue in the last 12 months.

Building Type
Unit
Year Built
1950
Floor Size
96m2
Land Size
1071m2
Local Government
Rockhampton Regional
Lot/Plan
1/RP605565

Last Listing description (March 2023)

Presenting as a wonderful opportunity for astute investors is this easy-care property, on a large corner block, close to the centre of town. The home is set across three spacious units each comprising a self-contained area.

Unit one has three bedrooms, one bathroom, a kitchen and an open-plan living and dining area.


Unit two has two bedrooms, one bathroom, an open-plan kitchen and dining area and a separate living space.

Unit three has two bedrooms, one bathroom, a kitchen, an open-plan living and dining area and a sunroom.

Each of the units have a dedicated parking space under the home, as well as an additional space for storage. Whether you rent out all three units, or live in one and rent the others, the opportunities are endless and not to be missed. Shopping centres, public transport, parks, takeaway and dining options are all within walking distance or a short drive.

Rent Appraised at $280.00 to $300.00 per week per unit, meaning the return on investment potential is massive.

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Property History for 37 Tung Yeen St, Park Avenue, QLD 4701

A timeline of how this property has performed in the market
Last Sold
$686,000
05 Aug 2024
  • 05 Aug 2024
    Sold for $686,000
  • 19 Dec 2022
    Sold for $300,000
  • 16 Dec 2022
    Listed for Sale $300,000
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About Park Avenue 4701

The size of Park Avenue is approximately 4.6 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Park Avenue in 2011 was 5,366 people. By 2016 the population was 5,089 showing a population decline of 5.2% in the area during that time. The predominant age group in Park Avenue is 20-29 years. Households in Park Avenue are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Park Avenue work in a trades occupation. In 2011, 60.3% of the homes in Park Avenue were owner-occupied compared with 61.8% in 2016.

Park Avenue has 2,665 properties. Over the last 5 years, Houses in Park Avenue have seen a 104.70% increase in median value, while Units have seen a 62.65% increase. As at 31 October 2024:

  • The median value for Houses in Park Avenue is $419,433 while the median value for Units is $370,965.
  • Houses have a median rent of $480 while Units have a median rent of $340.
There are currently 15 properties listed for sale, and 15 properties listed for rent in Park avenue on OnTheHouse. According to CoreLogic's data, 135 properties were sold in the past 12 months in Park avenue.

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