259 Alma Street, Rockhampton City, Qld 4700
Positive Cashflow/High Yield
Property For Sale
Estimated For Rent
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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
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.
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022