3/24 Ferguson AvenueBongaree QLD 4507
Property Details for 3/24 Ferguson Ave, Bongaree
3/24 Ferguson Ave, Bongaree is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (April 2026)
STRATA-TITLED 3 UNIT BLOCK - FRONT ROW BONGAREE, BRIBIE ISLAND
Capitalise on a landmark Bribie Island location and reap the lucrative rewards an entire block of three strata-titled units.
Situated approx. 250m from the sandy beaches of Pumicestone Passage and footsteps from cafs, shops and public transport, this is well-kept, blue-chip, beachside holding offers significant potential.
Spanning a 604m2 parcel with a 21m street frontage, and zoned Next Generation Neighbourhood, it presents a compelling proposition for astute investors and developers.
The combination of wide frontage and height allowance (up to 12m STCA) provides significant development potential, whether you're considering a future redevelopment, a landbank opportunity, or simply a high-performing investment.
Each of the three units offer two good-sized bedrooms, a comfortable living and dining space, a practical kitchen, and a neat, tidy bathroom. One unit has a long balcony that takes in water views, whilst the other two offer a courtyard. The property has been looked after over time, making it a straightforward, low-maintenance investment.
Returning approx $84,240/year in gross income, giving you a solid return from day one.
Bribie Island is widely recognised as one of the Moreton Bay Regions premier coastal suburbs, offering a relaxed lifestyle coupled with a strong sense of community. With a second bridge to Bribie planned for the near future, a Satellite Hospital now fully operational, a patrolled surf beach at Woorim just 8 minute drive away and a lifestyle that has something for everyone, this is truly a prime opportunity for buyers seeking an enviable coastal address that continues to grow in value and appeal.
Property Specifications:
- Entire block of three strata-titled units
- 3 x 2 bedroom, 1 bathroom units, each with a single lock-up garage
- Individually metered electricity and water
- Parking for 6 cars (1 in/1out per unit)
- 604m block with wide 21m street frontage
- Next Generation Neighbourhood Zoning (up to 12m height STCA)
- Views of Pumicestone Passage from front unit
- 2 units currently leased with 1 under advertisement
- Short stroll to pristine waterfront and parklands
- Positioned for a true "walk-everywhere" lifestyle with easy access to beaches, cafes, dining, parks, shops, public transport (including the upcoming 2nd bridge for Bribie)
Unit 1: 87m2 2 bedrooms with BIR, good sized living area, modern kitchen, bathroom, internal laundry, lock up garage and off street parking, air-conditioning, courtyard (leased at $470 PW increasing to $550 PW)
Unit 2: 88m2 2 bedrooms with BIR, good sized living area, modern kitchen, bathroom, internal laundry, lock up garage with internal access, air-conditioning, courtyard (leased at $550 PW)
Unit 3: 124m2 Top floor living, 2 bedrooms with BIR, good sized living area, modern kitchen, bathroom, internal laundry, lock up garage, balcony with views to waterfront (advertised at $520 PW)
With holding income, future development potential and an unbeatable coastal position, this is a strategic acquisition primed for profit. Set yourself up for a bright financial future.
Contact Sally Grant of Wilson And Co Property Professionals on 0425 559 832.
Property Code: 302
Property History for 3/24 Ferguson Ave, Bongaree, QLD 4507
- 20 Apr 2026Listed for Sale CONTACT AGENT
- 26 Feb 2026Listed for Rent $520.00 PER WEEK
- 11 Mar 2025Listed for Rent $470 per week
Recent sales nearby
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About Bongaree 4507
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:
- The median value for Houses in Bongaree is $1,023,514 while the median value for Units is $723,703.
- Houses have a median rent of $655 while Units have a median rent of $510.
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