SOLD
Sold on 25 May 2024 for $1,150,000

105 Bowen Street
Roma QLD 4455

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 800m2
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Property Details for 105 Bowen St, Roma

105 Bowen St, Roma is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 800m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 8 bedroom Unit sold in Roma in the last 12 months.

Building Type
Unit
Land Size
800m2
Local Government
Maranoa Regional
Lot/Plan
12/R86118

Last Listing description (July 2024)

- 4 x 2 bedroom units (fully furnished)
- NOT strata titled
- NO body corporate fees

- Cash flow POSITIVE
- Best Location
- Invest in Roma? WHY - our booming gas industry forecast, lack of rental accommodation

Fully Information Memorandum available by request.

This impressive double story block consists of four x two bedroom units, each boasting their own laundry, and private patio/balcony. Occupying 800 sqm of land, this property presents a remarkable opportunity as a low maintenance, excellent rental yield investment. Its proximity to local amenities including both schools, hospital and parks adds to its appeal.

Meticulously renovated with generous floorplans, creating a sense of timeless elegance and high-end finishes catering to professional tenants, ensuring both style and functionality in every detail.

Key Features:

- Four x two bedroom units each with excellent sized built in bedrooms and open plan living areas boasting a modern, white kitchen at the centre of its entertainment space between the living and dining

- Modern bathrooms with toilet, vanity and showers. Downstairs units have laundry facilities in that space

- Split systems air conditioning throughout each unit (both bedrooms plus the living area)

- Two x two six metre carports with concrete driveway access

- Low maintenance lawn and garden areas surrounding the complex, including separate grassed areas to the rear of units 2 and 4

- Each unit is fully furnished with an inventory list available on request

Approximately yielding a gross rental income of $104,000 pa with projected operating costs of $9,760, the approximate net yield of $95,000 pa places this property at the forefront of solid investments. The rental surge driven by Roma's expanding population and persistent undersupply of rental stock indicates a trend unlikely to wane.

What sets 105 Bowen Street apart is its commitment to design and deluxe with high-end finishes, impressively low outgoings, proven factual rents with room to grow, while boasting the lowest running costs on the market, with bare-bones maintenance and no body corporate fees, providing the best net return.

Contact Morgan Rowbotham to arrange an inspection on 0419 850 369 or for an information memorandum, email - morgan.rowbotham@raywhite.com

Property History for 105 Bowen St, Roma, QLD 4455

A timeline of how this property has performed in the market
Last Sold
$1,150,000
25 May 2024
Listed for Rent
$200/w
17 Jul 2010
  • 25 May 2024
    Sold for $1,150,000
  • 04 Apr 2024
    Listed for Sale Offers Over $1,150,000
  • 27 Mar 2020
    Listed for Rent - Price not available
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About Roma 4455

The size of Roma is approximately 78 square kilometres. It has 14 parks covering nearly 1.9% of total area. The population of Roma in 2011 was 6,905 people. By 2016 the population was 6,826 showing a population decline of 1.1% in the area during that time. The predominant age group in Roma is 0-9 years. Households in Roma are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Roma work in a trades occupation. In 2011, 57.2% of the homes in Roma were owner-occupied compared with 52.4% in 2016.

Roma has 4,103 properties. Over the last 5 years, Houses in Roma have seen a 54.59% increase in median value, while Units have seen a 30.87% increase. As at 31 October 2024:

  • The median value for Houses in Roma is $301,557 while the median value for Units is $260,050.
  • Houses have a median rent of $420 while Units have a median rent of $300.
There are currently 109 properties listed for sale, and 26 properties listed for rent in Roma on OnTheHouse. According to CoreLogic's data, 225 properties were sold in the past 12 months in Roma.

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Contact agent
Morgan Rowbotham
Show contact details
Ray White Roma
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.