6 Milford Street, Ipswich, QLD 4305 | Property Value & History | OnTheHouse
OFF MARKET

6 Milford Street
Ipswich QLD 4305

Bedrooms: -
Bathrooms: 7
Car spaces: 3
Floor area: 870m2
Land area: 1120m2
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Property Details for 6 Milford St, Ipswich

Building Type
Commercial
Year Built
1915
Floor Size
870m2
Land Size
1120m2
Local Government
Ipswich
Lot/Plan
1/RP2951

Last Listing description (February 2025)

Inner city Income-earning investment, High occupancy rates, and only stone's throw to the Ipswich CBD.

A fully licensed boarding house and rooming accommodation complex offering a steady annual income of approximately $296,000 p/a from its 35-room facility all within minutes to the Ipswich CBD, Train stations and Shopping centers.


This complex offers residents a commercial grade Kitchen, Laundry facilities, toilets, bathrooms, and multiple common areas. While each room has free Internet, its own Fridge, Bed, & other furnishings with the current going rates at $165 per week.

Features
- Licensed 35-room boarding house in the heart of Ipswich CBD
- 2-storey dwelling with side access
- High ceilings, tiled floors, and fresh interiors in most rooms
- Large rooms with bed and storage, fridges, and other furnishings
- 7 common bathrooms, 9 toilets, commercial sized kitchen, and onsite parking.
- Shared laundry - with coin operated washing machines
- Security cameras throughout the complex
- Janitor's closet
- Covered parking for 3 Cars.
- Fire and safety accredited
- Current gross return $296,000 per annum approx.
- Great property managers, happy to continue under new ownership.

The building is well located only a few minutes' walk to everything offering tenants the luxury of inner city living. Within a 500m radius you will find Public Transport options Shopping Centers, universities, and all other Ipswich CBD amenities.

The building is fully certified by Fire and Safety and has had many upgrades recently. Currently managed through a local agency who are well experienced in the rooming and boarding house accommodation sector and are more than happy to continue managing the site for its news owner.

For a complete copy of the information memorandum and a link to visit the 360-degree interactive walk-through video, please call Piers Crawford or Steve Landeta.

Disclaimer:
While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own enquiries to verify the information contained here.

Property History for 6 Milford St, Ipswich, QLD 4305

A timeline of how this property has performed in the market
Last Sold
$2,300,000
26 Jul 2024
Listed for Rent
$155/w
12 Jul 2023
  • 26 Jul 2024
    Sold for $2,300,000
  • 08 May 2024
    Listed for Sale Offer Pending - Still Inviting Further Interest
  • 06 Jun 2023
    Listed for Sale Price Reduction - Now Offers at $2,300,000
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About Ipswich 4305

The size of Ipswich is approximately 4.2 square kilometres. There are 11 parks, covering nearly 34.1% of the total area. The population of Ipswich in 2016 was 2459 people. By 2021 the population was 2468 showing a population growth of 0.4% in the area during that time. The predominant age group in Ipswich is 50-59 years. Households in Ipswich are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ipswich work in a professional occupation.In 2021, 41.70% of the homes in Ipswich were owner-occupied compared with 41.30% in 2016.

Ipswich has 1,756 properties. Over the last 5 years, Houses in Ipswich have seen a 125.01% increase in median value, while Units have seen a 199.83% increase. As at 30 April 2026:

  • The median value for Houses in Ipswich is $904,646 while the median value for Units is $629,925.
  • Houses have a median rent of $558 while Units have a median rent of $395.
There are currently 23 properties listed for sale, and 17 properties listed for rent in Ipswich on OnTheHouse. According to Cotality's data, 80 properties were sold in the past 12 months in Ipswich.

Suburb Insights for Ipswich 4305

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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.