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Location

Market Insights for Ayr QLD 4807

New Listings (last 30 days)

Average price

$572,667

Lowest price

$230,000

Highest price

$1,900,000

23 Burke Street, Ayr QLD 4807

Offers Over $899,000

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$899k - $944k Transparent Transparent Listing Based on an openly advertised listing price.

House 5 Beds 5 Baths 2 Cars 690 m²

Listed: 6 days ago

Updated: 7 hours ago

Overview

23 Burke Street in Ayr presents a rare investment opportunity with its modern design as a rooming house featuring five fully self-contained units under one roof. Built in 2022, this property caters to investors looking for diversified income streams, as each unit offers independent living with private access and courtyard spaces, enhancing tenant privacy and satisfaction.

Constructed with low-maintenance materials and thoughtful layout by Grady Homes, each room benefits from air conditioning and secure key-lock entry, addressing essential comfort and security needs. The property's contemporary solar power system, including a 6.6kW array and efficient daytime hot water timers, underscores its energy-conscious design, potentially reducing operating costs significantly.

The 690-square-meter fully fenced allotment is zoned for Low-Medium Density Residential use without a body corporate, offering flexibility and ease of management. All five units are currently tenanted individually, generating a combined weekly rental income of approximately $1,730, making this an immediate income-producing asset with strong yield potential.

This property is especially suited to investors seeking to avoid the traditional single-tenancy model by capitalising on multiple assured rental incomes within a single location. Comprehensive tenancy and financial details can be made available upon request to facilitate informed decision-making.

Local Market Insights

In Ayr, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $572,667. The property type mix of listed properties is predominantly Houses at 84%, followed by units (16%). The most active agency for houses in the Ayr area is currently Raine & Horne, representing 53% of new listings, followed by Explore Property Burdekin - Ayr with 47%. 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.