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Overview
This substantial duplex investment located in the heart of Walkerston occupies a generous 1,012 square meter block, a size that provides ample space and potential for future enhancements. Designed as two separate units, each offers comfortable and functional living spaces ideal for tenants seeking privacy and convenience.
The property yields an impressive immediate rental income of $900 per week, evidencing quality tenants and stable cash flow for investors. Each unit includes two bedrooms and one bathroom, with the added convenience of a single carport per unit. This practical layout caters well to small families, couples, or professionals looking for affordable rental options.
One of the units has been recently renovated, presenting an upgraded lifestyle offering, while the other is well maintained and ready for use, offering the potential for value enhancement over time. This blend of updated and maintained accommodation supports a balanced investment with scope for improvement.
Strategically positioned just minutes from local schools, shops, childcare facilities, and essential amenities, residents benefit from the ease of access to everyday needs. Furthermore, the proximity to Mackay CBD, approximately 15 minutes away, enhances the location’s appeal, making it attractive for commuting professionals and families alike.
Additional features include air conditioning and built-in wardrobes, enhancing comfort and storage options for occupants. The absence of body corporate fees combined with council rates of approximately $3,350.24 per half year further adds to the investment’s practical appeal, reducing ongoing maintenance costs.
Local Market Insights
In Mackay, Quiet Listings observed 4 new duplexes entering the market over the last 30 days, down from 22 during the previous 30-day period, with an average advertised asking price of $927,250. The property type mix of listed properties is predominantly Houses at 69%, followed by units (10%), and land (9%). The most active agency for duplexes in the Mackay area is currently McGrath Estate Agents, representing 50% of new listings, followed by Mackay City Property with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Walkerston QLD 4751
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