3/46 Bagshaw Cres, Gray is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 1966m2.
Outstanding 2-bedroom apartment, ideal for a first home buyer or an investor. Currently rented until November 2022 with an approximate return of 6%.
Features:
- Set in a small quiet complex of seven units with a large rear courtyard, making it perfect for entertaining guests or enjoying a quiet afternoon.
In an ideal location being only 5 minutes from Palmerston CBD with the Library, University, water park, shopping centre, coffee shops and so much more.
Body corporate fees: $933/quarter approx. (inc sinking fund)
The size of Gray is approximately 1.5 square kilometres. It has 10 parks covering nearly 14.7% of total area. The population of Gray in 2016 was 3288 people. By 2021 the population was 3142 showing a population decline of 4.4% in the area during that time. The predominant age group in Gray is 0-9 years. Households in Gray are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gray work in a trades occupation.In 2021, 46.60% of the homes in Gray were owner-occupied compared with 46.40% in 2016.
Gray has 1,478 properties. Over the last 5 years, Houses in Gray have seen a 56.73% increase in median value, while Units have seen a 40.57% increase. As at 31 January 2026:
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