77 Simpson Street, Menzies, QLD 4825 | Property Value & History | OnTheHouse
 
OFF MARKET

77 Simpson Street
Menzies QLD 4825

Bedrooms: 10
Bathrooms: 8
Car spaces: -
Land area: 1012m2
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Property Details for 77 Simpson St, Menzies

Building Type
Land
Land Size
1012m2
Local Government
Mount Isa
Lot/Plan
135/MPH13991

Last Listing description (July 2023)

Looking to invest in good quality??! Look no further than the units at 77 Simpson Street. We have four excellent new units with quality government tenants, leased until 2016 with 2 x 1 year option periods. The units will be strata titled so invest in one or all four! Low maintenance brand new buildings, under original warranty all built by quality local builder. These units are available to purchase for a solid 7.5% investment return.

This quality of build is rare in Mount Isa and the security of these government leases make them a fantastic investment.

2 x 2 bedroom & 2 x 3 bedroom units, all with 2 bathrooms

All currently leased to quality QLD Government tenants
Brand new units leased until 2016 currently returning 7.5%.
Leased for $9533.32 pcm until mid 2016 with a 2 year option.
Ideal for depreciation schedules and tax benefits.
Large kitchen/open plan living, finished perfectly with quality fittings
Private courtyard, covered carport, splits throughout.
Current rates: $3,515.00 half yearly.

Call Kieran Tully 0416 177 001 or John Tully 0429 029 289 if you want to crunch numbers!

Property Code: 852

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Property History for 77 Simpson St, Menzies, QLD 4825

A timeline of how this property has performed in the market
Last Sold
$200,000
15 Apr 2011
  • 21 Apr 2014
    Listed for Sale Reduced $350,000 each
  • 15 Apr 2011
    Sold for $200,000
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About Menzies 4825

The size of Menzies is approximately 1.0 square kilometres. It has 2 parks covering nearly 37.5% of 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 -3.47% decrease in median value, while Units have seen a -31.33% decrease. As at 28 February 2026:

  • The median value for Houses in Menzies is $242,243 while the median value for Units is $245,807.
  • Houses have a median rent of $420 while Units have a median rent of $305.
There are currently 2 properties listed for sale, and 1 property listed for rent in Menzies on OnTheHouse. According to Cotality's data, 23 properties were sold in the past 12 months in Menzies.

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