OFF MARKET

50 Alamein Street
Svensson Heights QLD 4670

Bedrooms: 12
Bathrooms: 6
Car spaces: 6
Floor area: 613m2
Land area: 1640m2
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Property Details for 50 Alamein St, Svensson Heights

50 Alamein St, Svensson Heights is a 12 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 1640m2 and floor size of 613m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Floor Size
613m2
Land Size
1640m2
Local Government
Bundaberg Regional
Lot/Plan
52/SP283989

Last Listing description (December 2021)

Beaut brick complex located in Svensson Heights, Bundaberg.

Bundaberg is currently sitting at less than 1% vacancy rate, driving rental prices up and creating exceptional yields for those looking to invest.

Situated in an established residential area, only minutes from the Bundaberg CBD, this complex is near to public transport, hospitals, schools, sporting grounds and much more - making it a popular and convenient residential location for Bundaberg.

On offer are 6 sturdy brick units separated into 2 triplexes upon a 1,640m2 block, all under 1 title.

A variety of updates have been made throughout the complex, including the smoke alarm compliancy upgrade (2022 legislation) being completed throughout.

Several of the units boast new flooring and kitchens, and re-painted ceilings.

All units feature 2 bedrooms, 1 bathroom, with an attached lock-up garage with internal access, along with partially closed in front patios.

Fully occupied complex with consistent occupancy history. All residences are in 12 month lease's, 3 of which continuing into 2022.

Potential for future subdivision and on-sale (STCA).

Bundaberg is one of QLD's tightest rental markets with roughly a 0.4% residential vacancy rate.

Estimated Rental Income: $72,540 p.a
Estimated Insurance: $1,400 p.a
Estimated Rates: $12,000 p.a

Viewings are by appointment only.

For a more in-depth look of this high return investment, explore the complex using the Virtual Tour, or email to request additional photos.

Call, text or email Ainsley Driver and Zak Wright for more information, or to book your private viewing!

Property History for 50 Alamein St, Svensson Heights, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$890,000
02 Dec 2021
  • 02 Dec 2021
    Sold for $890,000
  • 05 Aug 2021
    Listed for Sale Offers Over $899,000
  • 07 Feb 2017
    Sold for $830,000
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About Svensson Heights 4670

The size of Svensson Heights is approximately 2.9 square kilometres. It has 4 parks covering nearly 2.1% of total area. The population of Svensson Heights in 2011 was 3,204 people. By 2016 the population was 3,218 showing a population growth of 0.4% in the area during that time. The predominant age group in Svensson Heights is 50-59 years. Households in Svensson Heights are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Svensson Heights work in a professional occupation. In 2011, 60.6% of the homes in Svensson Heights were owner-occupied compared with 57.7% in 2016.

Svensson Heights has 1,706 properties. Over the last 5 years, Houses in Svensson Heights have seen a 119.70% increase in median value, while Units have seen a 94.77% increase. As at 31 October 2024:

  • The median value for Houses in Svensson Heights is $460,128 while the median value for Units is $383,432.
  • Houses have a median rent of $500 while Units have a median rent of $420.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Svensson heights on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Svensson heights.

Suburb Insights for Svensson Heights 4670

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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.