OFF MARKET

52 Marathon Street
Proserpine QLD 4800

Bedrooms: 13
Bathrooms: 7
Car spaces: 7
Floor area: 108m2
Land area: 1009m2
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Last updated 14 Oct 2024
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Property Details for Lot 1/52 Marathon St, Proserpine

Lot 1/52 Marathon St, Proserpine is a 13 bedroom, 7 bathroom Unit with 7 parking spaces and was built in 2007. The property has a land size of 1009m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Year Built
2007
Floor Size
108m2
Land Size
1009m2
Local Government
Whitsunday Regional
Lot/Plan
1/SP225058

Last Listing description (January 2023)

Prime Investment Opportunity In The Town Of Proserpine

With the current pressure on the rental market pushing yields higher and vacancy rates dropping below 1% - there has never been a better time to invest in affordable housing options with no Strata fees.

On offer is a block of seven tidy units situated on Marathon Street, Proserpine. With the demand for rentals, this property will never be short on tenants eager to take full advantage of this prized location close to everything Proserpine has to offer.

* Solid income of $1,720.00 weekly
* 6x 2 Bedrooms - 1 Bathroom rent $250.00 week
* 1x 1 Bedroom - 1 Bathroom rent $220.00 week
* Open plan Lounge, Dining, and Kitchen area
* Spilt Air Conditioners
* Situated on 2x titles on 1,009 m2
* Rental Appraisal (2 beds $280 - $300 per week (if both bedrooms are air-conditioned)
* Rental Appraisal (1 bed $240 - $260 per week ( if living area is air-conditioned)

This a sensational opportunity to expand your property or superannuation portfolio. This very well-maintained apartment block of seven is ideal for an investor who wants to purchase an entire building with consistent rental returns.

For further information, please send an enquiry to receive additional information for a copy of rates and insurance, or call Andrea on 0418 796 323

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Property History for Lot 1/52 Marathon St, Proserpine, QLD 4800

A timeline of how this property has performed in the market
Last Sold
$926,000
17 Nov 2022
  • 17 Nov 2022
    Sold for $926,000
  • 24 Oct 2022
    Listed for Sale UNDER CONTRACT

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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 1,906 properties. Over the last 5 years, Houses in Proserpine have seen a 85.40% increase in median value, while Units have seen a 85.14% increase. As at 30 September 2024:

  • The median value for Houses in Proserpine is $454,518 while the median value for Units is $301,996.
  • Houses have a median rent of $600 while Units have a median rent of $340.
There are currently 11 properties listed for sale, and 5 properties listed for rent in Proserpine on OnTheHouse. According to CoreLogic's data, 76 properties were sold in the past 12 months in Proserpine.

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