OFF MARKET

1/2318// Absolon Street
South Mackay QLD 4740

Bedrooms: 7
Bathrooms: 3
Car spaces: 6
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 14 Oct 2024
Low

High
Save

Property Details for 1/2318// Absolon St, South Mackay

1/2318// Absolon St, South Mackay is a 7 bedroom, 3 bathroom House with 6 parking spaces.

Building Type
House
Local Government
Mackay Regional

Last Listing description (October 2023)

If you are looking for a great investment opportunity in the Mackay region, do yourself a favour and take a look at this great property in South Mackay.

The property consists of a duplex comprising of 2x2 bedroom units at the front of the property and a free standing 3 bedroom unit at the rear. All 3 units are in excellent condition and are fully tenanted for the next 12 Months. The units are for sale individually or as a group. The combined rent is $1,140 per week.


There is a very reasonable body corporate in place with $20,000 in the sinking fund. Obviously if you bought all 3 you would not need to run the body corporate and you would still have use of the $20,000 in the sinking fund. Each unit has a lock up garage and a visitors car space as well. Location is ideal with all essential facilities only minutes away.

Individually the 2x2 bedroom units in the duplex are for sale at offers from $279,000 each and the freestanding unit is at offers from $319,000. If you would like to buy all 3 units the price is offers from $879,000.

After 20 years of ownership the seller has decided to sell as he moves toward retirement.

Property History for 1/2318// Absolon St, South Mackay, QLD 4740

A timeline of how this property has performed in the market
  • 28 Sep 2023
    Listed for Sale Offers from $879,000

Commute Calculator

About South Mackay 4740

The size of South Mackay is approximately 7.2 square kilometres. It has 11 parks covering nearly 13.1% of total area. The population of South Mackay in 2011 was 7,415 people. By 2016 the population was 6,732 showing a population decline of 9.2% in the area during that time. The predominant age group in South Mackay is 50-59 years. Households in South Mackay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Mackay work in a trades occupation. In 2011, 59.5% of the homes in South Mackay were owner-occupied compared with 57.9% in 2016.

South Mackay has 3,525 properties. Over the last 5 years, Houses in South Mackay have seen a 65.58% increase in median value, while Units have seen a 98.39% increase. As at 30 September 2024:

  • The median value for Houses in South Mackay is $442,343 while the median value for Units is $309,682.
  • Houses have a median rent of $550 while Units have a median rent of $440.
There are currently 22 properties listed for sale, and 3 properties listed for rent in South mackay on OnTheHouse. According to CoreLogic's data, 215 properties were sold in the past 12 months in South mackay.

Suburb Insights for South Mackay 4740

Market Insights
South Mackay Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Mackay Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.