112 Belmont RoadTingalpa QLD 4173
Property Details for 112 Belmont Rd, Tingalpa
112 Belmont Rd, Tingalpa is a 4 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 607m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Last Listing description (May 2022)
While this property wouldn't win any architectural design awards for street appeal, what it does represent is a sound investment opportunity. With long-term leases in place, a cashflow positive ledger, and around a 5% gross rental yield, this property is a solid long-term investment. Current leases are under market value providing the potential for even better returns in future years.
All three units have been renovated in recent years, including new kitchens with stainless steel appliances and new bathrooms. With built-in wardrobes, tiled floors throughout, and air-conditioning, each unit has its own allocated car park in the high-bay carport in the backyard.
Conveniently located, your tenants will enjoy easy access to the Gateway Motorway, and a short drive to the Wynnum/Manly foreshores! The property is also within walking distance to Kianawah Park, Twin Parks Shopping Centre, and Tingalpa State School, and falls in the Tingalpa State School catchment.
All units feature the following:
Built-in wardrobes to all bedrooms
Modern kitchen/s
Modern appliances
Modern bathroom
Split-system air-conditioning
Separate electricity meters
Current Leases Information
Unit 1 (front) - 2 Bedrooms $300
Unit 2 (middle) - 1 Bedroom $270
Unit 3 (rear) - 1 Bedroom $265
Investment Summary
Total Weekly Rental Income $835 per week
Total Annual Rental Income $43,420 per annum
No Body Corporate Fees
Currently Self-managed
Call Scott or Tom to book your inspection.
Property History for 112 Belmont Rd, Tingalpa, QLD 4173
- 01 Apr 2022Sold for $970,000
- 13 Mar 2022Listed for Sale SOLD BY THE SCOTT AUER TEAM
- 08 Sep 2020Listed for Rent - Price not available
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About Tingalpa 4173
The size of Tingalpa is approximately 8.9 square kilometres. It has 23 parks covering nearly 32.9% of total area. The population of Tingalpa in 2011 was 8,539 people. By 2016 the population was 8,294 showing a population decline of 2.9% in the area during that time. The predominant age group in Tingalpa is 30-39 years. Households in Tingalpa are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tingalpa work in a professional occupation. In 2011, 70.5% of the homes in Tingalpa were owner-occupied compared with 71% in 2016.
Tingalpa has 3,898 properties.
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