15 Greetham StreetSarina QLD 4737
Property Details for 15 Greetham St, Sarina
15 Greetham St, Sarina is a 5 bedroom, 7 bathroom House and was built in 1930. The property has a land size of 11020m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Last Listing description (June 2022)
Currently operated as a nine room accommodation facility this recently renovated 100 year old 'Queenslander' is set amongst a beautiful bush landscape with views looking back over the Sarina Township and nearby coast.
Letting terms are variable but typically medium term.
The property is enjoying high occupancy levels and strong letting rates however there is still upside on these numbers as the regions economy continues to thrive.
Gross Returns for 10 month period to 30 April 2021 - $98,002.
This is an ideal property to self manage with minimal time and effort required or still extremely profitable as a passive investment via agent management.
Sarina is a thriving country town just south of Mackay servicing the coal ports of Hay Point and Dalrymple Bay, the Jilalan Rail facility and the local sugar industry.
Whilst operating successfully and very profitably in its current form, this property is well suited to a shift in operating format toward a tourism oriented B & B set up with minimum outlay required or conversion to a residential property in a tranquil setting close to all amenities.
Property History for 15 Greetham St, Sarina, QLD 4737
- 13 Apr 2022Sold for $545,000
- 03 Mar 2021Listed for Sale $600,000
- 13 Mar 2020Listed for Sale $500,000
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About Sarina 4737
The size of Sarina is approximately 250.8 square kilometres. It has 18 parks covering nearly 7.6% of total area. The population of Sarina in 2011 was 5,729 people. By 2016 the population was 5,503 showing a population decline of 3.9% in the area during that time. The predominant age group in Sarina is 50-59 years. Households in Sarina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sarina work in a trades occupation. In 2011, 67.7% of the homes in Sarina were owner-occupied compared with 65.4% in 2016.
Sarina has 2,715 properties. Over the last 5 years, Houses in Sarina have seen a 75.48% increase in median value, while Units have seen a 121.57% increase. As at 31 October 2024:
- The median value for Houses in Sarina is $459,100 while the median value for Units is $332,437.
- Houses have a median rent of $550 while Units have a median rent of $320.
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