6 Lorraine Court, Gracemere, QLD 4702 | Property Value & History | OnTheHouse
OFF MARKET

6 Lorraine Court
Gracemere QLD 4702

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 77m2
Land area: 801m2
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Property Details for 6 Lorraine Ct, Gracemere

6 Lorraine Ct, Gracemere is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 2003. The property has a land size of 801m2 and floor size of 77m2.

Building Type
House
Year Built
2003
Floor Size
77m2
Land Size
801m2
Local Government
Rockhampton Regional
Lot/Plan
2/SP240863

Last Listing description (February 2025)

Here's your chance to secure a high-yield investment in the heart of Gracemere. Located at 6 Lorraine Court, this property comprises two strata-titled unitseach with their own title, offering the potential for flexible ownership and future capital gains.

Key Features:
Unit 1: Currently returning $420 per week

Unit 2: Currently returning $400 per week
Land size: Generous 800m block, providing ample space for future development or possible strata-split opportunities down the track
2 bedrooms, 1 bathroom per unit designed for easy living and maximum rental appeal
Close proximity to schools, shopping centers, parks, and transport links ensuring strong tenant demand and minimal vacancy
Why is This a Great Investment?
High Rental Return: The units are already generating solid rental income, with Unit 1 earning $420 per week and Unit 2 at $400 per weeka combined weekly rental income of $820. In today's market, this represents a fantastic return on investment.

Strata Titled: With separate titles for each unit, you have increased flexibility in your investment strategy. You can purchase them individually or simply purchase both for strong rental income.

Capital Growth Potential: With a prime location near amenities such as schools, parks, and shopping, these units are well-positioned for long-term capital growth. The large 800m block also offers the possibility for future development (subject to council approval), adding extra value down the road.

Low Maintenance: Each unit is self-contained with separate amenities, making for easy tenant management and minimal maintenance. Strata living also means shared responsibility for external maintenance, reducing costs for owners.

Desirable Location: Gracemere is a growing area with increasing demand for rental properties. The close proximity to key services, parks, and transport options makes these units an attractive option for tenants, ensuring a steady and reliable income stream.

A Rare Find

With rental returns this high and the flexibility offered by strata titles, this property won't last long. Whether you're looking to expand your portfolio or searching for your next cash-flow positive asset, 6 Lorraine Court is the opportunity you've been waiting for.

Call today to secure this fantastic investment before its gone!

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspections or otherwise.

Property History for 6 Lorraine Ct, Gracemere, QLD 4702

A timeline of how this property has performed in the market
Listed for Rent
$200/w
04 Aug 2018
  • 18 Nov 2024
    Listed for Sale $698,000
  • 14 Jul 2018
    Listed for Rent - Price not available
  • 09 Feb 2017
    Listed for Rent $220 / week
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About Gracemere 4702

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 5,056 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:

  • The median value for Houses in Gracemere is $688,572 while the median value for Units is $426,726.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 35 properties listed for sale, and 23 properties listed for rent in Gracemere on OnTheHouse. According to Cotality's data, 292 properties were sold in the past 12 months in Gracemere.

Suburb Insights for Gracemere 4702

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.