54 Milton St, Maryborough is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1940. The property has a land size of 739m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Investors take note this one is for you.
Loads of potential here to possibly redevelop in the future STCA as the current building sits at the front of this block and there is quite a bit of land at the rear. This may mean you could benefit from holding income while the redevelop?
The current property configuration is 2 x 2bedroom apartments each with their own kitchen, bathroom and lounge room (mirror images of each other).
There is under cover parking for each apartment under the building as well as laundry and storage.
Currently rented out to good long term tenants for a combined weekly income of $435pw means a healthy gross ROI approaching 7% is very achievable for this property.
This one is sure to be popular so book in a private inspection today by calling Justen Tillman on 0412 262325.
Property Code: 4874
The size of Maryborough is approximately 26.5 square kilometres. It has 45 parks covering nearly 7.5% of total area. The population of Maryborough in 2016 was 15406 people. By 2021 the population was 15287 showing a population decline of 0.8% in the area during that time. The predominant age group in Maryborough is 60-69 years. Households in Maryborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maryborough work in a community and personal service occupation.In 2021, 61.50% of the homes in Maryborough were owner-occupied compared with 59.70% in 2016.
Maryborough has 8,401 properties. Over the last 5 years, Houses in Maryborough have seen a 137.43% increase in median value, while Units have seen a 100.41% increase. As at 30 April 2026:
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