SOLD
RECENT ADVICE
Sold on 22 Nov 2024 for $680,000

21 Power Road
Southside QLD 4570

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 208m2
Land area: 194708m2
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Property Details for 21 Power Rd, Southside

21 Power Rd, Southside is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 194708m2 and floor size of 208m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom House sold in Southside in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
208m2
Land Size
194708m2
Local Government
Gympie Regional
Lot/Plan
1/LX2718

Last Listing description (November 2024)

How often does a dwelling with an income, in the core of Southside, come onto the market? This property is a great addition to any savvy investor's portfolio with the potential for renovation to further your rental yield.

Currently tenanted with a collective rental return of $750 per week, with immediate potential for an increase and further growth with some renovations, the opportunities are endless. Please be advised that unit 2 will have a rent increase to $370 taking effect on 15/09/2024 that will increase the total yield to $870.

This exceptional offering consists of 3 seperate accomodatIons, 2 x 2 bedrooms and 1 x 3 bedroom.

Set on a substantial allotment of approx 2,000 square metres and being within a two minute drive to the local shopping precinct, doctors surgery, cafes and amenities this conveniently located property ticks a lot of boxes.

Accomodation 1:
- Upstairs unit
- 2 bedrooms with built in wardrobes
- Modern kitchen
- Open plan living areas
- Bathroom
- Single carport
- Downstairs external laundry

Accomodation 2:
- 3 bedrooms with built in wardrobes to 2 rooms
- Modern kitchen
- Open plan living areas
- Bathroom
- Double carport
- Yard has dividing fence from other units for additional privacy

Accomodation 3:
- 2 bedrooms
- Kitchen
- Open plan living areas
- Bathroom
- Single carport
- External laundry

TENANCY:
UNIT 1: Currently tenanted at $250 per week until 25/08/2024
UNIT 2: Currently tenanted at $370 per week until 12/03/2025
UNIT 3: Currently tenanted at $250 per week until 16/08/2025

There is terrific potential for renovation or development. Renovate or add units to add to your portfolio.

Southside is thriving. This is ready for the savvy investor!!

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Property History for 21 Power Rd, Southside, QLD 4570

A timeline of how this property has performed in the market
Last Sold
$680,000
22 Nov 2024
Listed for Rent
$210/w
03 Dec 2014
  • 22 Nov 2024
    Sold for $680,000
  • 21 Aug 2024
    Listed for Sale RECENT SALES
  • 13 Jul 2015
    Listed for Rent - Price not available
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About Southside 4570

The size of Southside is approximately 18.6 square kilometres. It has 27 parks covering nearly 3.5% of total area. The population of Southside in 2011 was 5,509 people. By 2016 the population was 5,718 showing a population growth of 3.8% in the area during that time. The predominant age group in Southside is 10-19 years. Households in Southside are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Southside work in a trades occupation. In 2011, 67.8% of the homes in Southside were owner-occupied compared with 65% in 2016.

Southside has 3,677 properties. Over the last 5 years, Houses in Southside have seen a 86.21% increase in median value, while Units have seen a 55.17% increase. As at 31 October 2024:

  • The median value for Houses in Southside is $653,337 while the median value for Units is $394,379.
  • Houses have a median rent of $555 while Units have a median rent of $340.
There are currently 115 properties listed for sale, and 9 properties listed for rent in Southside on OnTheHouse. According to CoreLogic's data, 323 properties were sold in the past 12 months in Southside.

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