62 Price StreetNambour QLD 4560
Property Details for 62 Price St, Nambour
62 Price St, Nambour is a 0 bedroom, 0 bathroom Unit with 2 parking spaces and was built in 1975. The property has a land size of 637m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (August 2017)
This neat and tidy duplex style, refurbished throughout, sits on a prime 637m2 block in Nambour's town centre, backing onto Petrie Creek and adjacent parkland, and zoned for future development.
There is a one bedroom and a two bedroom duplex, one with a carport and one with a single lock up garage; the one bedroom is currently leased at $230 per week, and the two bedroom has achieved $280 per week in the past, generating an attractive yield of $480 per week.
Circa 1975, the building is in very liveable condition 'as is' and clearly there is potential to demolish for commercial development in the future, with its 'Major Centre' zoning. This would suit a savvy investor seeking an income in the interim whilst land-banking to on-sell in future for gain, or to redevelop.
Housing affordability issues have changed the demographic of the town, with many young families purchasing here due to the range of amenities, the larger land sizes and affordability...this has injected some fresh energy into the town, and the future is looking very bright indeed.
There has never been a more opportune time to invest in Nambour; and this is a particularly exceptional chance to secure a parcel of land that will appreciate in value, whilst generating a passive income immediately. Call Agent today to discuss further.
BULLET POINTS:
- Neat and tidy duplex on 637m2 prime land
- 1 x 1 bed, 1 x 2 bed - rent potential of $480pw
- Refurbished inside, very liveable 'as isn- Zoned 'Major Centre' - just footsteps to town
- Commercial development potential
- Land-bank and earn income in meantime
- OR demolish and redevelop (stca)
Disclaimer:The information statements, views/or opinions expressed in this publication are to be used as a guide only. Neither the Seller nor Riddell Real Estate nor any person involved in the preparation of distribution of this material gives any guarantee or warranty concerning the accuracy or validity of its contents nor will they accept any liability. All prospective Buyers should make their own enquiries and satisfy themselves by inspection or otherwise as to the suitability of the property.
Property Code: 403889870
Property History for 62 Price St, Nambour, QLD 4560
- 26 Feb 2021Sold for $375,000
- 16 Feb 2017Listed for Rent - Price not available
- 07 Jan 2017Listed for Sale Not Disclosed
Recent sales nearby
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0About Nambour 4560
The size of Nambour is approximately 11.4 square kilometres. There are 31 parks, covering nearly 10.9% of the total area. The population of Nambour in 2016 was 11187 people. By 2021 the population was 12145 showing a population growth of 8.6% in the area during that time. The predominant age group in Nambour is 30-39 years. Households in Nambour are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Nambour work in a trades occupation.In 2021, 57.40% of the homes in Nambour were owner-occupied compared with 54.40% in 2016.
Nambour has 6,665 properties. Over the last 5 years, Houses in Nambour have seen a 78.49% increase in median value, while Units have seen a 94.32% increase. As at 30 June 2026:
- The median value for Houses in Nambour is $969,085 while the median value for Units is $711,624.
- Houses have a median rent of $680 while Units have a median rent of $570.
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