OFF MARKET

16 King Street
The Gap QLD 4825

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 89m2
Land area: 809m2
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Property Details for 16 King St, The Gap

16 King St, The Gap is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 809m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in April 2011.

Building Type
House
Year Built
1970
Floor Size
89m2
Land Size
809m2
Local Government
Mount Isa
Lot/Plan
8/MPH22032

Last Listing description (October 2024)

Are you looking for your first home? Something with easy upkeep that won't get out of hand. Or even another investment for your portfolio? Well this 3 bedroom block home is the perfect size. This cottage style home is the perfect size for a couple or a new starting family.

Featuring:
- 3 bedrooms with built in wardrobes to 2 rooms.

- Split system cooling throughout with ceiling fans in 2 bedrooms as well.
- Kitchen with dishwasher and electric cooking.
- Modern Bathroom with bathtub and separate toilet.
- Internal laundry.
- Large salt water swimming pool with an undercover outdoor entertaining area.
- Full security screens throughout.
- 2 bay undercover carport and Large shed with roller door; as well as a garden shed for storage

All of this on a fully fenced 809sqm block.

It is in a great location, being within walking distance to the CBD while still being away from main roads.

Looking at investing - this home has a track record of being constantly tenanted for 10+ year period boasting the owner a a postive return. This 10% gross return investment could be a great addition.

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Property History for 16 King St, The Gap, QLD 4825

A timeline of how this property has performed in the market
Last Sold
$312,000
14 Apr 2011
Listed for Rent
$500/w
03 Nov 2022
  • 31 Oct 2024
    Listed for Sale $275,000
  • 21 Jan 2021
    Listed for Rent - Price not available
  • 08 May 2020
    Listed for Rent $440 / week
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About The Gap 4825

The size of The Gap is approximately 0.7 square kilometres. It has 3 parks covering nearly 21.3% of total area. The population of The Gap in 2011 was 801 people. By 2016 the population was 824 showing a population growth of 2.9% in the area during that time. The predominant age group in The Gap is 20-29 years. Households in The Gap are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in The Gap work in a trades occupation. In 2011, 37.7% of the homes in The Gap were owner-occupied compared with 38.4% in 2016.

The Gap has 556 properties. Over the last 5 years, Houses in The Gap have seen a 23.56% increase in median value, while Units have seen a -24.20% decrease. As at 31 October 2024:

  • The median value for Houses in The Gap is $239,671 while the median value for Units is $255,297.
  • Houses have a median rent of $450 while Units have a median rent of $295.
There are currently 1 property listed for sale, and no properties listed for rent in The gap on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in The gap.

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