47/306-310 James StreetHarristown QLD 4350
Property Details for 47/306-310 James St, Harristown
47/306-310 James St, Harristown is a 1 bedroom, 1 bathroom Unit and was built in 2004. The property has a land size of 34m2. While the property is not currently for sale or for rent, it was last sold in May 2016.
Last Listing description (May 2016)
Where can you buy a decent unit for only $105 000 which is safe, clean and recently completely renovated, in a well-run complex and a pleasure to live in? I challenge you to look on the Internet and see if you can get better value to live in or a better return for investors!
Each unit has an air conditioned lounge/kitchen, bathroom/laundry and a bedroom with built in wardrobes. Private covered patio, the complex has a clubhouse/dining room, communal laundry with machines. Covered outdoor communal area. Tenants can cook at home, or use on-site chef and dining room! Very attractive setting and gardens. Opposite Clifford Gardens shopping centre. On bus routes, plenty of parking.
The on-site managers are excellent in looking after the property and the gardens and overseeing the kitchens, organising outings and entertainment, and they really care for the occupants under their management. People live here because it is semi supported living.
Investors: Here is an opportunity to purchase a unit, with a positive cash flow from day one! Let your tenants pay the properties off for you. All you need to do is to wait for the capital appreciation and rent increases. The unit is rented for $500 per fortnight
Existing tenant wants to stay, and you will take over the existing lease. There is also usually a long waiting list of prospective tenants.
Monthly Budget per unit:
(based on rent of $500 each per fortnight and borrowing every cent to buy the property, and not using any of your own money)
Rent income $1083.33
Less expenses:
Insurance $ 24.36
Rat $165.70
Water rates $ 51.18
Levy $297.58
Interest on Mortgage $436.63 (4.99% of $105000)
Positive cash flow $107.88 per unit per month ( $1294.56 per annum)
If you paid cash for the unit, on a $105 000 investment you will get a gross return of over 12% per annum and a nett return of approximately $543.06 per month which is $6516.72 per annum which equates to over 6.2% per annum, which is very good.
You are also able to write off the depreciation against your tax if you have a depreciation schedule. Tenants can usually arrange for the rent to be paid from their pension money direct from Centrelink.
To book an inspection please use the RED 'Email Agent' tab (on a desktop) or RED 'Email Agent' (on an Android) or RED 'Send' tab (iPhone or iPad) which will go directly to the person managing the property.
Property History for 47/306-310 James St, Harristown, QLD 4350
- 03 May 2016Sold for $104,000
- 12 Apr 2016Listed for Sale $105,000
- 01 May 2013Sold for $94,000
Recent sales nearby
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0About Harristown 4350
The size of Harristown is approximately 7.2 square kilometres. There are 18 parks, covering nearly 2.8% of the total area. The population of Harristown in 2016 was 8555 people. By 2021 the population was 9081 showing a population growth of 6.2% in the area during that time. The predominant age group in Harristown is 20-29 years. Households in Harristown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Harristown work in a community and personal service occupation.In 2021, 52.00% of the homes in Harristown were owner-occupied compared with 53.90% in 2016.
Harristown has 4,824 properties. Over the last 5 years, Houses in Harristown have seen a 122.21% increase in median value, while Units have seen a 122.26% increase. As at 31 July 2026:
- The median value for Houses in Harristown is $756,231 while the median value for Units is $555,548.
- Houses have a median rent of $570 while Units have a median rent of $440.
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