3/1 Arlott St, Gracemere is a 7 bedroom, 3 bathroom Unit with 3 parking spaces.
These three units are on the same title meaning 1 rates notice and no Body Corporate fees.
With the growing demand in Gracemere for affordable rental opportunity this property has a lot of potential, this has been the case for the current long term tenants. This investment opportunity is in a safe area close to child care facilities, schools, shops, Police Station and the Gracemere Library. Easy drive in to Rockhampton as the road has been upgraded.
Upon inspection you'll find:
Lease Terms;
Unit 1 $320 per week to 03/24
Unit 2 $370 per week to 02/25
Unit 3 $360 per week to 01/25
- Combined currently receiving $1050 per week.
TOTAL RENTAL: $1050pw/$54,600pa
Private inspections by appointment.
If you would like to take advantage of this investment opportunity or have any questions, please feel free to contact Michelle Roberts on 0423 266 911 or email michelle.roberts@cookeproperty.com.au
The size of Gracemere is approximately 70.0 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Gracemere in 2016 was 11315 people. By 2021 the population was 12023 showing a population growth of 6.3% in the area during that time. The predominant age group in Gracemere is 0-9 years. Households in Gracemere are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gracemere work in a trades occupation.In 2021, 58.60% of the homes in Gracemere were owner-occupied compared with 53.10% in 2016.
Gracemere has 5,055 properties. Over the last 5 years, Houses in Gracemere have seen a 121.71% increase in median value, while Units have seen a 111.05% increase. As at 28 February 2026:
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