3/16 Colamba StreetMiles QLD 4415
Property Details for 3/16 Colamba St, Miles
3/16 Colamba St, Miles is a 6 bedroom, 4 bathroom Unit. The property has a land size of 1004m2.
Last Listing description (May 2026)
Positioned in a convenient and high-demand pocket of Miles, this outstanding investment opportunity at 1, 2 & 3/16 Colamba Street (also known as 1, 2 & 3/56 Edith Street) offers the perfect blend of strong returns, low-maintenance living, and long-term investment security.
Set on a single title with no body corporate or strata fees, this fully tenanted complex comprises three well-maintained units, delivering immediate income from day one. Whether you are looking to grow your portfolio or secure a reliable set-and-forget investment, this property is packed with potential.
Unit 1 features 2 bedrooms and 1 bathroom and is currently leased at $340 per week, with an approved rental increase to $360 per week taking effect from 20 July 2026.
Unit 2 offers 2 bedrooms and 1 bathroom and is currently returning $320 per week.
Unit 3 boasts a more spacious design with 2 bedrooms and 2 bathrooms and is achieving $380 per week.
Together, the three units generate a strong combined rental return, making this an attractive opportunity for savvy investors seeking consistent cash flow in a thriving regional market.
Each unit has been thoughtfully designed for easy, low-maintenance living, featuring practical layouts and private concrete courtyards that minimise upkeep while still providing functional outdoor space for tenants to enjoy.
Located in the ever-growing Western Downs region, Miles continues to attract strong rental demand thanks to its affordability, community appeal, and ongoing industry activity. Properties offering multiple income streams on one title with no strata costs are tightly held and rarely become available.
Three units, one title, no body corporate, and immediate returns - this is the kind of investment opportunity that makes sense now and into the future.
Enquire today to secure a quality income-producing asset in the heart of Miles.
Property History for 3/16 Colamba St, Miles, QLD 4415
- 14 Apr 2026Listed for Sale $850,000.00
Recent sales nearby
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About Miles 4415
The size of Miles is approximately 437.8 square kilometres. There are 8 parks, covering nearly 0.2% of the total area. The population of Miles in 2016 was 1746 people. By 2021 the population was 1874 showing a population growth of 7.3% in the area during that time. The predominant age group in Miles is 10-19 years. Households in Miles are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Miles work in a trades occupation.In 2021, 47.00% of the homes in Miles were owner-occupied compared with 47.00% in 2016.
Miles has 1,306 properties. Over the last 5 years, Houses in Miles have seen a 201.35% increase in median value, while Units have seen a 105.45% increase. As at 30 April 2026:
- The median value for Houses in Miles is $380,440 while the median value for Units is $362,072.
- Houses have a median rent of $480 while Units have a median rent of $400.
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