1 Dempsey St, Menzies is a 8 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 1965. The property has a land size of 1012m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
Exceptional ROI: We invite you to consider an unparalleled investment opportunity at 21 Dempsey Street, featuring a current approximate return on investment of 11.5%
This property complex has been astutely designed to meet the needs of worker accommodation, offering a strong and stable revenue stream for investors.
Well-Appointed Units: Each single-occupancy room is equipped with built-in wardrobes and air conditioning, meeting the functional requirements of modern tenants while providing the convenience of individual climate control.
Thoughtful Communal Facilities: The property features a communal kitchen, designed for both usability and hygiene, fitted with stainless steel sinks. Additionally, individual storage is provided for each unit's occupants, allowing for the separate and secure storage of groceries and personal items.
Efficient Shared Amenities: To maximize utility and space, the complex includes a shared laundry and bathroom facility. This strategic design approach not only optimizes the use of common spaces but also simplifies maintenance and operational efficiency.
Parking Solutions: The property also includes an off-street parking area located at the rear of the complex. This feature is not merely a convenience but a value-added proposition for potential tenants, mitigating common urban parking challenges.
Contact for Further Information: Due to the lucrative nature of this opportunity, we recommend interested investors act promptly. Please contact our sales team at City & Country Realty for more information: Kieran Tully at 0416 177 001 or Rachael Wilson at 0467 076 756
Property Code: 4333
The size of Menzies is approximately 1.0 square kilometres. There are 2 parks, covering nearly 37.5% of the total area. The population of Menzies in 2016 was 985 people. By 2021 the population was 824 showing a population decline of 16.4% in the area during that time. The predominant age group in Menzies is 20-29 years. Households in Menzies are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Menzies work in a professional occupation.In 2021, 34.20% of the homes in Menzies were owner-occupied compared with 34.30% in 2016.
Menzies has 565 properties. Over the last 5 years, Houses in Menzies have seen a 5.59% increase in median value, while Units have seen a -30.56% decrease. As at 30 April 2026:
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