OFF MARKET

167 Kings Road
Pimlico QLD 4812

Bedrooms: 16
Bathrooms: 8
Car spaces: 1
Land area: 1012m2
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Last updated 11 Nov 2024
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Property Details for 167 Kings Rd, Pimlico

167 Kings Rd, Pimlico is a 16 bedroom, 8 bathroom Unit with 1 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Land Size
1012m2
Local Government
Townsville City
Lot/Plan
153/RP703501

Last Listing description (September 2022)

Two blocks of 4, 2-bedroom units side by side. Two title, two rates notice and NO BODY CORPORATE FEES. Perfect for the astute investor
The eight units are all two bedrooms with built-in robes, tiled open plan living, 1 bathroom, fully Air-Conditioned, security screens on all doors and windows and undercover carport.
All 8 units are currently rented bringing in an income of $2,165.00 per week. As you can see on the internet the current rent it is well under todays rent. The potential rent should be $280 to $290 per week. Not only is it a great Buy it is a solid investment.

Current rental:
BLOCK 1:
Unit 1 $250 per week fixed lease expires 17/10/22
Unit 2 $240 per week fixed lease expires 08/08/22
Unit 3 $275 per week fixed Lease expires 20/04/2
Unit 4 $290 per week fixed lease expires 12/01/23

BLOCK 2:
Unit 1 $270 per week fixed lease expires 12/01/23
Unit 2 $260 per week fixed lease expires 15/04/23
Unit 3 $290 per week fixed lease expires 17/03/23
Unit 4 $290 per week fixed lease expires 27/03/23

You'll never have trouble finding tenants for this spacious Units. Located in the sought-after the inner-city suburb of Pimlico. It is in walking distance to schools, shops. Even walk to the v8 track and much more. This property is convenience plus.
Two solid blocks of units side by side are as rare as hens teeth to find for sale in Pimlico.
You know that old saying you snooze, you lose
Call Doreen Charity 0414 691 666 for an appointment.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.

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Property History for 167 Kings Rd, Pimlico, QLD 4812

A timeline of how this property has performed in the market
Last Sold
$799,000
05 Jul 2022
Listed for Rent
$240/w
17 Jan 2008
  • 05 Jul 2022
    Sold for $799,000
  • 02 Jun 2022
    Listed for Sale $1,598,000
  • 07 Dec 2007
    Listed for Rent - Price not available
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About Pimlico 4812

The size of Pimlico is approximately 1.2 square kilometres. It has 5 parks covering nearly 6.2% of total area. The population of Pimlico in 2011 was 2,599 people. By 2016 the population was 2,454 showing a population decline of 5.6% in the area during that time. The predominant age group in Pimlico is 20-29 years. Households in Pimlico are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Pimlico work in a professional occupation. In 2011, 38.5% of the homes in Pimlico were owner-occupied compared with 39.7% in 2016.

Pimlico has 1,611 properties. Over the last 5 years, Houses in Pimlico have seen a 56.01% increase in median value, while Units have seen a 73.89% increase. As at 31 October 2024:

  • The median value for Houses in Pimlico is $485,969 while the median value for Units is $303,580.
  • Houses have a median rent of $478 while Units have a median rent of $350.
There are currently 9 properties listed for sale, and 8 properties listed for rent in Pimlico on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Pimlico.

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