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.
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!
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:
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