OFF MARKET

3 Mill Street
Proserpine QLD 4800

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 673m2
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Property Details for 3 Mill St, Proserpine

3 Mill St, Proserpine is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1984. The property has a land size of 673m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Year Built
1984
Land Size
673m2
Local Government
Whitsunday Regional
Lot/Plan
1/RP709112

Last Listing description (August 2022)

Anyone on the hunt for the ultimate investment in a prime location needs to look no further than this rare and exciting opportunity. On offer is a block of four neat and tidy units generating an impressive rental return of $1,090 per week with three units generating $280 per week and one returning $250 per week. With a gross return of approximately 7.2%, this would be a worthy addition to any investment portfolio and could now be all yours.

All the units are bright, comfortable and inviting with functional floorplans that stretch over two levels. The lounge, dining and kitchen areas are set on the lower level while the bedrooms are housed upstairs with each residence enjoying three bedrooms and one bathroom.


The kitchens are well-equipped and designed for busy lifestyles, with ample storage and bench space, plus there's air-conditioning, ceiling fans and neutral finishes throughout. The homes each have parking for one car with the carport also housing the laundry facilities for added convenience.

Depending on your needs, you might look to update the units, modernise and increase the rental appeal or you could simply continue to enjoy this property as a low-maintenance income-producing asset. The easy-care grounds only add to the appeal as does the wide driveway, generous street frontage and no body corporate fees.

You will never be short on tenants eager to take full advantage of this prized location close to everything Proserpine has to offer. The local IGA, cafes, dining options and specialty stores are all a short walk away as are picturesque parks and the Proserpine Hospital. Proserpine Golf Club and a host of local schools are also nearby and you'll relish quick access to the Bruce Highway for a hassle-free commute.

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Property History for 3 Mill St, Proserpine, QLD 4800

A timeline of how this property has performed in the market
Last Sold
$750,000
13 Jul 2022
Listed for Rent
$240/w
16 Jul 2013
  • 13 Jul 2022
    Sold for $750,000
  • 08 Jun 2022
    Listed for Sale SOLD - $750,000
  • 14 Oct 2019
    Listed for Rent $220 / week
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About Proserpine 4800

The size of Proserpine is approximately 23.4 square kilometres. It has 10 parks covering nearly 2.1% of total area. The population of Proserpine in 2011 was 3,390 people. By 2016 the population was 3,558 showing a population growth of 5.0% in the area during that time. The predominant age group in Proserpine is 50-59 years. Households in Proserpine are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Proserpine work in a trades occupation. In 2011, 57.7% of the homes in Proserpine were owner-occupied compared with 59.5% in 2016.

Proserpine has 1,918 properties. Over the last 5 years, Houses in Proserpine have seen a 77.19% increase in median value, while Units have seen a 56.16% increase. As at 30 November 2024:

  • The median value for Houses in Proserpine is $483,229 while the median value for Units is $280,679.
  • Houses have a median rent of $600 while Units have a median rent of $363.
There are currently 6 properties listed for sale, and 6 properties listed for rent in Proserpine on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Proserpine.

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