20 Mellefont St, West Gladstone is a 5 bedroom, 2 bathroom DuplexSemi-detached with 4 parking spaces. The property has a land size of 708m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 5 bedroom DuplexSemi-detached sold in West Gladstone in the last 12 months.
There's no two ways about it, this highset, dual living home is ripe for repair but the hard work and improvements will make you money as both a rental property and in capital gain. If you're wanting a project to work on and can get in and save on labour by doing the work yourself, you'll make even more on the end result. Check out the walk through video here in the listing information to get a real time view of what's on offer and what can be done to get this property back into shape.
What's on offer?:
Downstairs - Two bedrooms, combined bathroom and toilet, open living room with split a/c, separate utility room or possible third bedroom, laundry. My recommendation - paint, carpets replaced, kitchen and bathroom re-model, pave front pad for patio seating (optional)
The home is set up with separate electricity and town gas services, with shared water rates. Council rates to be provided soon. Rental approximation $650pw as a dual living home or $250pw downstairs and $400pw upstairs.
Excellent, central location - walk to Stockland Kin Kora, local bakery and fish and chips, Chanel College, West Gladstone Primary School, Rocky Glen Hotel and Turf Club.
This property will be sold "as is" and finance or purchase ready buyers are invited to inspect by appointment only by phoning me directly.
The size of West Gladstone is approximately 7.1 square kilometres. It has 16 parks covering nearly 14.1% of total area. The population of West Gladstone in 2011 was 5,200 people. By 2016 the population was 4,730 showing a population decline of 9.0% in the area during that time. The predominant age group in West Gladstone is 50-59 years. Households in West Gladstone are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Gladstone work in a trades occupation. In 2011, 59.1% of the homes in West Gladstone were owner-occupied compared with 55.4% in 2016.
West Gladstone has 2,825 properties. Over the last 5 years, Houses in West Gladstone have seen a 117.96% increase in median value, while Units have seen a 126.15% increase. As at 31 October 2024:
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