197 Fairymead RoadBundaberg North QLD 4670
Property Details for 197 Fairymead Rd, Bundaberg North
197 Fairymead Rd, Bundaberg North is a 1 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 9676m2. While the property is not currently for sale or for rent, it was last sold in January 2017.
Last Listing description (March 2020)
Sometimes one simply has to value add the individual portions of a property up to establish that the sum total that the property for sale represents is great value for money and offers a wide range of uses and applications.
Firstly, this highset house featuring 3 generous sized bedrooms would make a great family home or would be a sought after rental property. All bedrooms are located upstairs as well as a separate lounge room, combined dining kitchen and bathroom featuring a shower and toilet. The upper portion of the house is supported by solid and level concrete stumps. Downstairs, the laundry is located with another shower and toilet for convenience. There is another massive multipurpose room which could be further subdivided for any number of individual purposes. The entire downstairs area sits on a concrete slab of impressive proportions. The rental appraisal for the house is approximately $300 per week.
Secondly, the property features a massive 270m2 high roof shed with solid hard stand concrete floors, town water and 3 Phase Power connected. The shed features 2 full length 7 metre high doors, and 2 roller doors. The shed once housed a crane hire business which operated out of it successfully and would be ideal for the storage and or maintenance of trucks, harvestors or other machinery. A rental appraisal of the shed is approximately $500 per week. There would therefore be a great opportunity for an owner occupier to rent the shed, derive a passive income and cover the entire mortgage.
Thirdly, sitting on a flat, arable 9679m2 block which has previously been used to grow a substantial chilli crop with the use of town water on tap, the rural portion of the block could be sub-let for those purposes to make a substantial profit on the purchase. There is even irrigation equipment for the new owner or farmer to use when needed.
The fencing is partially completed with the remaining materials on hand to do the job needed specific for the task of the new owners.
Being about a 5 minute drive to the Bundaberg CBD and with close proximity to the Hospital Precinct and schools, this great value property is worthy of inspection and consideration for the owner occupier or investor.
For the homebuyer or the investor, you are encouraged to do your own mathematics, establish the individual worth of the 3 main components of this property and determine that the sum total at hand is very reasonably priced for owners who wish to move on to the next phase of their lives.
Look past the listing price, motivated vendors seeking offers. Call Exclusive Listing Agent Greg McMahon on 0414 518 315 to inspect today.
Property History for 197 Fairymead Rd, Bundaberg North, QLD 4670
- 28 Jun 2019Listed for Sale $350,000
- 25 Jan 2017Sold for $207,000
- 04 Mar 2011Sold for $220,000
Recent sales nearby
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About Bundaberg North 4670
The size of Bundaberg North is approximately 15.4 square kilometres. There are 16 parks, covering nearly 10.2% of the total area. The population of Bundaberg North in 2016 was 5451 people. By 2021 the population was 5563 showing a population growth of 2.0% in the area during that time. The predominant age group in Bundaberg North is 70-79 years. Households in Bundaberg North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bundaberg North work in a labourer occupation.In 2021, 61.70% of the homes in Bundaberg North were owner-occupied compared with 62.20% in 2016.
Bundaberg North has 2,854 properties. Over the last 5 years, Houses in Bundaberg North have seen a 131.66% increase in median value, while Units have seen a 134.87% increase. As at 30 June 2026:
- The median value for Houses in Bundaberg North is $606,033 while the median value for Units is $469,622.
- Houses have a median rent of $590 while Units have a median rent of $420.
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