OFF MARKET

3 Holmes Street
Stratford QLD 4870

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 84m2
Land area: 1012m2
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Last updated 11 Nov 2024
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Property Details for 3 Holmes St, Stratford

3 Holmes St, Stratford is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1990. The property has a land size of 1012m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
1990
Floor Size
84m2
Land Size
1012m2
Local Government
Cairns Regional
Lot/Plan
2/RP711169

Last Listing description (December 2021)

What an incredibly rare offering and an outstanding opportunity to secure a lucrative nest egg investment with options to expand the portfolio on this multi dwelling site.

This full 2 x 2 duplex sits on a 1012sqm elevated block in the heart of Stratford and has existing use rights for 3 dwellings. Being a single title there is NO body corporate.

The property is currently fully tenanted on a periodic basis at $320/wk each side and is due to increase to $350/wk in Dec 2021 to provide a solid rental return at $36,400 pa.

A short 300m walk leads you down to Stratford Village which offers all the local conveniences like the Stratford General Store, Barron River Hotel, Butchers, Medical Centre, Library, bar, cafes, bus stop and much more. The property also falls in the Freshwater State School and Cairns High State School Catchment areas which is a huge appeal for tenants with children.

3m side access driveway leads up to the vacant land at the rear which is approximately 350sqm in size and originally housed the 3rd dwelling that was recently demolished. This section provides a wonderful opportunity to capitalize on by building a new dwelling, shed, caravan port or whatever council permits on the site.

A configuration like this is extremely rare and unlikely to be offered again.

*The seller reserves the right to accept any offer up to and including the deadline for offers at 5pm on 16th November 2021 so please register your interest today to avoid missing out.*

For more information please enquire today!

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Property History for 3 Holmes St, Stratford, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$693,000
17 Nov 2021
Listed for Rent
26 Nov 2018
  • 17 Nov 2021
    Sold for $693,000
  • 27 Oct 2021
    Listed for Sale UNDER CONTRACT
  • 16 Nov 2018
    Listed for Rent - Price not available
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About Stratford 4870

The size of Stratford is approximately 1.9 square kilometres. It has 2 parks covering nearly 12.4% of total area. The population of Stratford in 2011 was 1,110 people. By 2016 the population was 1,149 showing a population growth of 3.5% in the area during that time. The predominant age group in Stratford is 40-49 years. Households in Stratford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stratford work in a professional occupation. In 2011, 63% of the homes in Stratford were owner-occupied compared with 62.9% in 2016.

Stratford has 623 properties. Over the last 5 years, Houses in Stratford have seen a 47.49% increase in median value, while Units have seen a 54.96% increase. As at 31 October 2024:

  • The median value for Houses in Stratford is $726,122 while the median value for Units is $447,667.
  • Houses have a median rent of $550 while Units have a median rent of $460.
There are currently 3 properties listed for sale, and 1 property listed for rent in Stratford on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Stratford.

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