24 Ferguson Ave, Bongaree is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1970. The property has a land size of 299m2.
SOLD BY WILSON AND CO. Exceptional opportunity to acquire a secure investment property with three established tenancies in the front row of the Bongaree precinct.
This well-appointed and maintained unit complex of three is anchored on Res C zoning and provides all aspects that the astute investor looks for - stable tenancies, prime location, development opportunity and a point of difference like walk to shops, cafes, public transport at the door and a walk to the waterfront in just a few quick minutes.
Current rental income on all three units $54,860* per annum
UNIT FEATURES
Unit 1: 2 bedrooms with BIR, good sized living area, kitchen, bathroom, internal laundry, lock up garage + off street parking, air-conditioning, courtyard
Unit 2: 2 bedrooms with BIR, good sized living area, kitchen, bathroom, internal laundry, lock up garage with internal access + off street parking, air-conditioning, courtyard
Unit 3: Top floor living, 2 bedrooms with BIR, good sized living area, updated kitchen, bathroom, internal laundry, lock up garage + off street parking, balcony with views of waterfront
Individually metered electricity usage.
Parking for 6 cars - 1 in (lock up), 1 out per unit
To arrange your inspection contact Sally Grant on 0425 559 832 (24 hours notice required for tenants).
*Total annual income is based upon information provided by the vendor, excluding potential costs that will vary according to the purchaser.
Property Code: 113
The size of Bongaree is approximately 6.9 square kilometres. It has 17 parks covering nearly 34.8% of total area. The population of Bongaree in 2016 was 6947 people. By 2021 the population was 8162 showing a population growth of 17.5% in the area during that time. The predominant age group in Bongaree is 70-79 years. Households in Bongaree are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bongaree work in a community and personal service occupation.In 2021, 69.40% of the homes in Bongaree were owner-occupied compared with 64.00% in 2016.
Bongaree has 4,846 properties. Over the last 5 years, Houses in Bongaree have seen a 84.78% increase in median value, while Units have seen a 94.18% increase. As at 31 March 2026:
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