Address
242 Berserker Street, Berserker, QLD 4701
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
11
7
About the Property
CHARMING 4 BEDROOM GABLE HOME ON A FENCED 800M2 CORNER ALLOTMENT
242 Berserker Street, Berserker, Qld 4701 has a land size of 800 m². It is a house with 4 bedrooms, 1 bathroom, and 2 parking spaces.
Located on a fenced corner 800m2 allotment within an easy walk to the Northside Plaza Shopping Centre and a short distance from the Popular Frenchville Sports Club.
This charming high-set gable home with a low maintenance clad exterior features 4 bedrooms, main bedroom with a decorative bay feature window, a sleep-out, a spacious lounge with split-system air conditioner, a formal dining room, and modern kitchen with pantry, wall-oven, ceramic hot plates and a bathroom with a large shower which would be disability friendly.
The lower level is fully enclosed, has excellent height, is concreted, and provides 2 separate garages, a laundry and storage area.
This home comes complete with a traditional pine timber interior, polished timber floors, ceiling fans and security screens.
From the domain.com.au listing
Source: stashproperty.com.au
About the Suburb
Berserker, QLD 4701 has a population of 7,020 people. The suburb has a good mix of age groups, with a significant number of residents in the 20-24 and 25-34 age brackets. The median household income is $1,171 per week, indicating a decent level of income. The suburb has a range of occupations, with professionals, technicians and tradeworkers, and community and personal service workers being the top three occupations. The suburb has good transportation options, with a high number of residents commuting by motor vehicle.
Berserker is an attractive suburb for property investors. The median sale price for houses is $299,500, with a sale price IQR ratio of 30.1%, indicating potential for finding renovators. The median growth rate for houses is 10.9%, indicating good capital appreciation. The market absorption rate is 25.5%, suggesting high demand and the possibility of rising home prices. The rental yield for houses is 7.2%, which is above average. The vacancy rate is low at 0.7%, indicating a strong rental market. The suburb also has a high demand for renting out rooms, with a room demand supply ratio of 75.0%.
Berserker, QLD 4701 is a suburb with a diverse demographic and a good mix of age groups. The suburb offers a range of occupations and has good transportation options. For property investors, Berserker presents a good opportunity with its affordable median sale price, high rental yield, low vacancy rate, and strong demand for renting out rooms. The suburb also shows potential for renovators due to its sale price IQR ratio. With a growing market absorption rate and above-average median growth, Berserker is an attractive suburb for both homeowners and 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
