Under Offer 19/03/2024
UNDER CONTRACT
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16 Bunting Street, Bungalow QLD 4870

House
1355
Block size: 607 m² approx.

CITY-FRINGE SHARE HOUSE - RETURNING $115,180 P.A

Unlock the potential of exceptional cash flow with this versatile investment - a two-storey, 13-bedroom share house strategically designed with amenities on both levels. Experience the lucrative world of property investment like never before.

Key Highlights:

Prime Location: Situated in a highly sought-after area on the city fringe, this share house enjoys strong demand from long term tenants, ensuring consistent rental income.

13 Bedrooms: Each level is thoughtfully designed to maximize occupancy and floor space, resulting in high rental yields.

Dual-Level Amenities: Unique among share houses, this property offers amenities on both levels, enhancing tenant satisfaction and attracting a steady stream of renters.

Cash Flow Machine: With multiple rental units and desirable amenities, this property generates exceptional monthly cash flow, providing a steady return on investment.

Parking: Ample parking space under development adds to the property's appeal and rental potential.

Strong Tenant Demand: The combination of location, amenities, and affordable accommodation results in consistently high occupancy rates.

'Paint & Profit' Investment: Whilst the property is fully operational there is potential for cosmetic renovations to seek higher room rates.

Flexible Lease Terms: Offering flexibility to attract a wide range of tenants, from short-term to long-term renters.

This share house is a savvy investment choice for those seeking a reliable and lucrative income stream. Don't miss the opportunity to capitalize on the strong demand for shared housing in a tightly held region. Contact us today to seize this outstanding cash flow generator and secure your financial future!

Inspections

No open inspections scheduled.

Send an enquiry

Contact Ray Murphy to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
13
Bathrooms:
5
Garage Spaces:
5
Property type:
House
Block Size:
607 *

Other Details

Lot:
10
Plan Type:
SP
Plan:
155210
Legal description:
10/SP155210
Ray White Cairns

Maps and area information

Block information
Block size: 607 (approx)
Legal description: 10/SP155210
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
31 Mar 2023
Sold
Felix Grasso Real Estate
Listed: 08/09/2022
Transfer type: Full transfer
19 Nov 2021
Sold
Felix Grasso Real Estate
Listed: 19/11/2021
Transfer type: Full transfer

Bungalow suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
39 years
Population
2,358
Listing ID: 181909469. This listing has been viewed 94 times. It was first displayed on 07/09/2023 and last updated on 19/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.