59 Barbarra StreetPicnic Bay QLD 4819
Property Details for 59 Barbarra St, Picnic Bay
59 Barbarra St, Picnic Bay is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 1012m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (September 2021)
Calling all investors! 59 Barbarra Street presents a rare opportunity to purchase a duplex on Magnetic Island - no body corp fees and a solid block and tile low maintenance build to keep outgoings at a minimum whilst you maximise the income.
Unit 2 let to Sept 2021 at $280 per week and with demand far out-stripping supply of rental properties on Magnetic Island, unit 1 would very easily be rented but is being kept vacant to allow an owner-occupier to purchase and live in one side whilst bringing in rent from the other.
Large 1012m2 mostly clear block with side access to allow for further development to the rear or the addition of a pool or shed etc.
Great location in an elevated area an easy short walk to the beach, pub, cafes and jetty which is popular for fishing and scenic strolls.
Each unit consists of two bedrooms, 1 bathroom, internal laundry, external storeroom and undercover carport.
Contact Alex for more information or to arrange a private inspection by appointment.
This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.
Property Code: 1187
Property History for 59 Barbarra St, Picnic Bay, QLD 4819
- 20 Aug 2021Sold for $520,000
- 08 May 2021Listed for Sale $550,000
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About Picnic Bay 4819
The size of Picnic Bay is approximately 4.1 square kilometres. It has 5 parks covering nearly 77.8% of total area. The population of Picnic Bay in 2011 was 335 people. By 2016 the population was 282 showing a population decline of 15.8% in the area during that time. The predominant age group in Picnic Bay is 60-69 years. Households in Picnic Bay are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Picnic Bay work in a professional occupation. In 2011, 50.3% of the homes in Picnic Bay were owner-occupied compared with 50.3% in 2016.
Picnic Bay has 383 properties. Over the last 5 years, Houses in Picnic Bay have seen a 81.62% increase in median value, while Units have seen a 36.18% increase. As at 31 October 2024:
- The median value for Houses in Picnic Bay is $590,769 while the median value for Units is $465,578.
- Houses have a median rent of $275 while Units have a median rent of $250.
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