2/10 East Gordon StreetMackay QLD 4740
Property Details for 2/10 East Gordon St, Mackay
2/10 East Gordon St, Mackay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 57m2 and floor size of 41m2. While the property is not currently for sale or for rent, it was last sold in February 2024.
Last Listing description (December 2022)
A low maintenance dream or a savvy investors delight, currently this property is ideal for someone looking to get into the property market or expand their existing portfolio.
There has never been a better time to invest in our strong and ever growing Mackay Region currently experiencing an all-time low with our rental vacancy rate below 1% enforcing the strength of our property market. Investing in this unit could potentially see you with a return of $330 per week which is approximately a 11.4% gross return annually. (Unit 2 currently renting for $220 per week seeing a return of 6.9%) . Outgoings for the property like body corp. are minimal with quarterly contributions of approx. $497, plus rates half yearly at approx. $1,450. These out goings don't impact your return greatly still at 8.4% after these costs.
Positioned on the city fringe of Mackay you'll be offered both convenience in the sense of location and low maintenance living. Inside you'll enjoy open plan living, a generously sized bedroom, functional bathroom combine with laundry and a secure lock-up garage. The open plan living area compiles the kitchen, dining and lounge spaces. There is room for both a dining table and lounge suite if you wish or the kitchen includes a breakfast bar, perfect to replace the traditional dining table if you wish for more living space. This home is air conditioned throughout for your comfort and the lock-up garage not only keeps your car secure but allows for extra storage if needed.
Take advantage of this unique opportunity today to secure this fantastic investment opportunity. With vacancy rates so low there has never been a better time to invest in the Mackay Region.
Disclaimer:
The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.
Property History for 2/10 East Gordon St, Mackay, QLD 4740
- 09 Feb 2024Sold for $175,000
- 08 Nov 2022Sold for $150,000
- 25 Oct 2022Listed for Sale SOLD by Dean Fuhlbohm
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About Mackay 4740
The size of Mackay is approximately 4.4 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Mackay in 2016 was 3659 people. By 2021 the population was 4026 showing a population growth of 10.0% in the area during that time. The predominant age group in Mackay is 20-29 years. Households in Mackay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mackay work in a professional occupation.In 2021, 30.70% of the homes in Mackay were owner-occupied compared with 31.80% in 2016.
Mackay has 3,527 properties. Over the last 5 years, Houses in Mackay have seen a 82.28% increase in median value, while Units have seen a 87.73% increase. As at 31 December 2025:
- The median value for Houses in Mackay is $515,159 while the median value for Units is $412,903.
- Houses have a median rent of $488 while Units have a median rent of $450.
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