Mount Pleasant Positive Cashflow – 8% Yield

Rental Insights

About the Property

Welcome to 22 Tolcher Street, Mount Pleasant! This charming house is now available for sale, offering a comfortable and convenient living experience. With its prime location and desirable features, this property is sure to capture your attention.

Featuring three bedrooms, one bathroom, and a new 6.6kw Solar System this house is perfect for families or those looking for extra space. The bedrooms are well-proportioned, providing ample room for relaxation and privacy. Some renovations already have been done for you, with some left for you to add your own style and taste to make it your own.

Situated on a generous land area of 807 sqm, this property offers plenty of space for outdoor activities and potential expansion. The building area spans 77 sqm, providing a cozy and manageable living space.

Built in 1980, this house has stood the test of time and offers a solid foundation for your future. The location of this property is truly unbeatable. Mount Pleasant is a highly sought-after suburb, known for its peaceful atmosphere and convenient amenities.

You’ll find yourself just a short distance away from schools, parks, shopping centres, and public transport options. Everything you need is within reach, making daily life a breeze.

Now, let’s talk about the price. open to offers over $355,000 and invites you to submit your best offer.

Don’t miss out on this incredible opportunity to own a piece of Mount Pleasant Real Estate.

To arrange a private inspection or to obtain further information about this property, please contact our friendly team at Raine & Horne Mackay. We are here to assist you in any way we can and look forward to helping you secure your dream home at 22 Tolcher Street.

From the view.com.au listing

About the Suburb

Mount Pleasant, QLD 4740 is a suburb with a population of 4,694 people. The suburb has a diverse age distribution, with a significant number of residents between the ages of 20 and 64. The median household income is $1,686 per week. The suburb is popular among families, with a good number of school-aged children and young adults. The suburb offers a range of commuting options, with a majority of residents using motor vehicles. The suburb has a high percentage of residents who work in managerial, professional, and technical occupations.

Mount Pleasant, QLD 4740 offers investment opportunities for both house and unit properties. The median house price is $495,000, with a median rental price of $560 per week. The rental yield for houses is 6.2%. The suburb has a high market absorption rate of 26.7%, indicating strong demand for properties. The sale price IQR ratio is 28.8%, suggesting potential for renovators. The suburb has shown a median growth rate of 11.9%. The vacancy rate is low at 0.3%, indicating a low supply of rental properties. Online search interest for the suburb is high, indicating strong buyer demand.

Mount Pleasant, QLD 4740 is a family-friendly suburb with a diverse demographic profile. The suburb offers a range of housing options, with both houses and units available for investment. The suburb has a strong demand for properties, with a high market absorption rate and high online search interest. The suburb presents investment opportunities for renovators due to its sale price IQR ratio.

Overall, Mount Pleasant is a desirable suburb for both homeowners and property investors.

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

Sales Volume