8 Symons Street SSouth Mackay QLD 4740
Property Details for 8 Symons St S, South Mackay
8 Symons St S, South Mackay is a 10 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1970. The property has a land size of 1271m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (August 2022)
Investment properties are hot right now across the Mackay region with our vacancy rate sitting below 1%. And this set of units is no different. 8 Symons Street will be a sought-after commodity with it already having tenants in place.
This rejuvenated block of 5 x two-bedroom units is an excellent investment with each unit having a rental return between $285 - $320. With these kinds of numbers and a gross rental yield of nearly 8.5% this block of units would be a prize acquisition to one's property portfolio.
Notable features from each of the unit include:
- 2 tiled bedrooms with built in robes, air conditioning and ceiling fans
- Modern kitchen with ample storage
- Tiled large bathroom with separate toilet
- Neat and tidy laundry
- Private courtyard
- Single Carport
The property sits close to some of Mackay's best schools and all sporting facilities plus the Mackay CBD, beaches, Paget and the airport.
With a limited number of affordable rental properties available in Mackay, this set of units will only grow in value as increased competition at this end of the market forces rental viabilities down.
For more information, please contact Mick McLeod 0408 777 971 or Ryan Patton 0435 825 323
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Property History for 8 Symons St S, South Mackay, QLD 4740
- 30 May 2022Sold for $975,000
- 03 Feb 2022Listed for Sale $950,000
- 24 Apr 2020Listed for Rent $290 / week
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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.
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