5 Marathon StreetProserpine QLD 4800
Property Details for 5 Marathon St, Proserpine
5 Marathon St, Proserpine is a 12 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1978. The property has a land size of 650m2 and floor size of 9m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (September 2023)
This block of units (1 title) would be a great addition to your rental portfolio or super fund.
Proserpine's rental market has been very low historically however the past 3 years has been consistently below 1%.
With strong migration due to lifestyle and employment prospects, the Whitsundays has benefitted strongly.
There are 3 units on the ground floor with 3 units on the first floor. Comprises 2-bedroom 1 bathroom (unfurnished) with open plan design, built-in wardrobes in all bedrooms, air-conditioning in all units and private courtyards in the downstairs units. Each unit has 1 car park allocation.
Great opportunity for an investor to own the whole block and not be subject to a body corporate and third parties. Provides a strong degree of control. Sales of similar complexes are rare in the Whitsunday market.
However, should you choose, there is the flexibility to strata into six separate titles. The complex was previously individually titled however the owner changed back to one title to save on body corporate, management fees and council rates. Separate titles can provide the opportunity to sell these individually whenever it suits you.
This unit complex is in handy town position within easy walk to schools and town facilities. Popular Airlie Beach is only 20 minutes away.
Property History for 5 Marathon St, Proserpine, QLD 4800
- 30 Aug 2023Sold for $1,175,000
- 29 Jan 2023Listed for Sale UNDER CONTRACT
- 17 Jun 2020Listed for Rent $235 / week
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0About 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 1,911 properties. Over the last 5 years, Houses in Proserpine have seen a 89.77% increase in median value, while Units have seen a 86.85% increase. As at 31 October 2024:
- The median value for Houses in Proserpine is $475,851 while the median value for Units is $317,594.
- Houses have a median rent of $600 while Units have a median rent of $350.
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