8 Taroom StreetTaroom QLD 4420
Property Details for 8 Taroom St, Taroom
Last Listing description (February 2020)
New 30 year leasehold purchase of 14 country styled motel units all of which have recently been refurbished are being offered with a superb small dining restaurant with bar highlighted by an external deck surrounding great tables & stools for that quiet afternoon "sip"!! A below average annual rent of $105,000 and a NOP of $164,524 (36% return) after rent & all operating costs make this a serious contender for that new motel operator.
Property History for 8 Taroom St, Taroom, QLD 4420
- 18 Jul 2019Listed for Sale $465,000 vendor finance available
- 25 Nov 2013Sold for $1,030,000
- 23 Jun 2009Sold for $970,000
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About Taroom 4420
The size of Taroom is approximately 1,382.4 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Taroom in 2011 was 873 people. By 2016 the population was 873 showing a stable population in the area during that time. The predominant age group in Taroom is 0-9 years. Households in Taroom are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taroom work in a managers occupation. In 2011, 67.4% of the homes in Taroom were owner-occupied compared with 65.4% in 2016.
Taroom has 622 properties. Over the last 5 years, Houses in Taroom have seen a 89.74% increase in median value, while Units have seen a -58.49% decrease. As at 31 October 2024:
- The median value for Houses in Taroom is $266,960 while the median value for Units is $204,691.
- Houses have a median rent of $200.
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