Address
259 Alma Street, Rockhampton City, Qld 4700
Investment Strategy
Positive Cashflow/High Yield
Development Timeline
Property For Sale
Estimated For Rent
Unfortunately, this property is now listed as Under Offer. You can find more just like it Australia wide at stashproperty.com.au
Rental Insights
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Source: stashproperty.com.au
Investment Stats
2023
5
11
About the Property
Conveniently Located 2-Bed High-Set Home with CBD Proximity
259 ALMA STREET, ROCKHAMPTON CITY
Discover convenience and comfort in this well-appointed high-set home. Situated in a prime location close to the CBD and all amenities, this property offers a lifestyle of ease and accessibility.
Featuring two generously sized bedrooms with Aircon in Main and a convenient sleep-out or study/office area at the front of the house. The spacious kitchen is complemented by a good-sized bathroom offering a shower over bath and a separate toilet.
Both the kitchen and bathroom in this property present an opportunity for renovation, which will significantly enhance the overall value of this property.
Enjoy the convenience of a fenced yard with space by the side of house for vehicle parking. The polished timber floors enhance the charm of this residence, while the inclusion of fans throughout ensures year-round comfort.
Perfectly positioned for those seeking proximity to the Rockhampton CBD, Fitzroy river (non-flood area), schools, and essential services, this property presents an excellent opportunity for a discerning buyer looking for a blend of convenience and comfort, or investor looking to secure this well appointed property in prime location.
Don’t miss out on this fantastic opportunity! Contact us today to schedule a viewing and experience the convenience of this charming Alma Street home firsthand.
Vendor is keen to sell and is inviting offers over $165,000 with final decision to be made on or before the 24th December.
Estimated rental return of $375 per week as is – more if repainted inside and outside and new kitchen & bathroom. Annual Rates around $ 3,000 per year – insurance available with RACQ for $ 1,420 per year for $ 200,000 in value for building – the property NEVER flooded or is classed within a flood area!
From the realestate.com.au listing
Source: stashproperty.com.au
About the Suburb
Rockhampton City is a suburb located in Queensland, with a population of 2,059 residents. The majority of the population falls within the age range of 20-24 years, indicating a younger demographic. The suburb has a diverse mix of occupations, with professionals, technicians and tradesworkers, and community and personal service workers being the top three occupations. Commuting to work typically involves motor vehicles, with a significant number of residents also working from home. The suburb has a median household income of $1,350 per week.
Rockhampton City offers a range of investment opportunities for both homeowners and property developers. With a median house price of $254,000 and a median unit price of $357,000, the suburb is relatively affordable compared to its neighboring areas. The suburb has experienced a median growth of 5.1% and an absorption rate of 17%, indicating high demand for properties. The rental yields for houses and units are 8.4% and 6.1%, respectively, making it an attractive option for investors. The low vacancy rate of 0.5% and high room demand-supply ratio further support the investment potential of the suburb. Additionally, the suburb has shown strong online search interest, suggesting high buyer demand.
Rockhampton City is a vibrant suburb in Queensland with a young population and a diverse mix of occupations. The suburb offers affordable housing options, with a range of investment opportunities for homeowners and property developers. With its high rental yields, low vacancy rate, and strong buyer demand, Rockhampton City presents a promising investment potential. The suburb’s convenient commuting options and growing online search interest further enhance its appeal. Whether you’re looking to live or invest, Rockhampton City is a suburb worth considering.
Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Median
Market Absorption
Suburb Yield
