OFF MARKET

9 Alba Street
Webb QLD 4860

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 113m2
Land area: 1012m2
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Last updated 14 Oct 2024
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Property Details for 9 Alba St, Webb

9 Alba St, Webb is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 1012m2 and floor size of 113m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
House
Year Built
1940
Floor Size
113m2
Land Size
1012m2
Local Government
Cassowary Coast Regional
Lot/Plan
87/RP706421

Last Listing description (October 2021)

Looking for an investment that is CASH POSITIVE ?

This property has the potential for well over a 12% NET RETURN

Two dwellings for the price of one on 1/4 acre (1012m2) corner block perfect for the savvy Investor or big family. This cash flow positive property has a three bedroom house and a two bedroom unit, both dwellings are fully air-conditioned with modern kitchens and plenty of parking with a fully undercover two-car carport and entertaining area as well as a high-clearance two-car open carport (perfect for boats, caravans, trucks)..

3 BEDROOM HOUSE:
-2 bathrooms (one bathtub), 1 toilet, separate shower
- two large box air-conditioners
- polished wood floors in bedrooms
- ceramic tiles throughout remainder of the house
- ceiling fans throughout
- built-in robes to ceiling in 2 bedrooms
- Large laundry room
- undercover parking
- external TV antennas and connections for cable TV
- Currently renting at a discounted rate of $285 per week
( Fair Rental on the house would be $320 - $340 per week )

2 BEDROOM GRANNY FLAT
The Granny flat is a separate stand-alone dwelling
with separate electricity meter, separate water meter & wheelie bins
Currently vacant due to selling,
( Fair Rental on the Granny Flat would be $240 - $260 per week.)

Just do the figures above, this property could be getting $500 pw - $600 pw

- split system air-con in living areas
- box air-con in master bedroom
- fly screens
- ensuite, cast-iron bathtub, and matching pedestal cast-iron vanity basin
- built in mirrored sliding doors on robes - to ceiling
- pure wool carpet in living room
- built in timber corner wall shelving/unit in living room
- both bedrooms carpeted
- external T.V Antennas & connections for cable TV

Live in one rent the other, or rent both for a ridiculously good return and let the tenants pay the mortgage with extra cash left over for a rainy day.

THE PROPERTY
- 1.5 kms from Innisfail CBD
- On bus route
- Two street access ( The Highest Block in the Street )
- Fenced

RATES $5,400 per year

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Property History for 9 Alba St, Webb, QLD 4860

A timeline of how this property has performed in the market
Last Sold
$175,000
15 Apr 2021
  • 15 Apr 2021
    Sold for $175,000
  • 26 Feb 2021
    Listed for Rent $315 / week
  • 05 Apr 2016
    Listed for Sale Not Disclosed
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About Webb 4860

The size of Webb is approximately 3.1 square kilometres. It has 2 parks covering nearly 1.6% of total area. The population of Webb in 2011 was 367 people. By 2016 the population was 365 showing a population decline of 0.5% in the area during that time. The predominant age group in Webb is 10-19 years. Households in Webb are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Webb work in a labourer occupation. In 2011, 58.9% of the homes in Webb were owner-occupied compared with 57.2% in 2016.

Webb has 213 properties. Over the last 5 years, Houses in Webb have seen a 76.73% increase in median value, while Units have seen a 35.94% increase. As at 30 September 2024:

  • The median value for Houses in Webb is $313,877 while the median value for Units is $288,754.
  • Houses have a median rent of $270.
There are currently 5 properties listed for sale, and 1 property listed for rent in Webb on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Webb.

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