SOLD
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Sold on 22 Nov 2024 for $680,000

21 Power Road
Southside QLD 4570

Bedrooms: 7
Bathrooms: 3
Car spaces: 4
Land area: 2000m2
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Property Details for 21 Power Rd, Southside

21 Power Rd, Southside is a 7 bedroom, 3 bathroom Other with 4 parking spaces. The property has a land size of 2000m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 7 bedroom Other sold in Southside in the last 12 months.

Building Type
Other
Land Size
2000m2

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 NaN properties. Over the last 5 years, Houses in Southside have seen a 83.82% increase in median value, while Units have seen a 55.17% increase. As at 30 November 2024:

  • The median value for Houses in Southside is $664,250 while the median value for Units is $398,868.
  • Houses have a median rent of $563 while Units have a median rent of $365.
There are currently no properties listed for sale, and no properties listed for rent in Southside on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Southside.

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