22 Briar Cres, Gagebrook is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1985. The property has a land size of 739m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in March 2015.
Investors, this is a property not to look past. The current tenants of 5 years are paying $250 per week with no fixed lease, but are keen to remain at the property. Rental Return over 9.35%.
The property consists of 3 bedrooms, kitchen with separate dining, good sized lounge with woodheater and heatpump. Underneath is the added advantage of a garage and extra concreted space for more cars, or a comfortable 'mans cave', big enough for an 8 ball table, plus lounge and even a bar fridge.
There is a double carport and the backyard is fully fenced and backs onto Council reserve and takes in water views.
The size of Gagebrook is approximately 2.6 square kilometres. It has 6 parks covering nearly 17.1% of total area. The population of Gagebrook in 2011 was 1,567 people. By 2016 the population was 1,440 showing a population decline of 8.1% in the area during that time. The predominant age group in Gagebrook is 0-9 years. Households in Gagebrook are primarily single parents and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Gagebrook work in a labourer occupation. In 2011, 25.1% of the homes in Gagebrook were owner-occupied compared with 24.5% in 2016.
Gagebrook has 649 properties. Over the last 5 years, Houses in Gagebrook have seen a 88.39% increase in median value. As at 30 November 2024:
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