298 Melton RoadNorthgate QLD 4013
Property Details for 298 Melton Rd, Northgate
298 Melton Rd, Northgate is a 12 bedroom, 12 bathroom Unit with 5 parking spaces. The property has a land size of 644m2.
Last Listing description (November 2020)
Please call Dean and Simon to arrange an immediate inspection!!
Finished in 2016, built to the highest standards, and designed exclusively as an investment property, this strata-titled block of five units is being sold in one line for the first time.
Returning $126,880 (gross approx.) this modern investment property has leases in place in all five units, and was constructed by the current owner to enhance its value as a high-performing, investment-grade residence.
The block consists of five units. There are two units of three-bedroom, three-bathroom, single garage construction, and three units of two-bedroom, two-bathroom, single garage construction. Each bedroom is finished with an en suite, built-in wardrobes, and each unit has ducted air-conditioning. Three ground floor units boast courtyard space, while the two upstairs residences are complete with spacious and fully covered al frescoes.
A golden high-yield investment opportunity, don't miss your chance to acquire this nest egg which will serve you superbly for decades to come.
FEATURES:
* 3-year-old, purposefully designed, investment-grade unit block.
* Gross return of $126,880 per annum (approx.).
* Leases in place in all 5 units, with one unit tenanted on a room-by-room basis.
* Low-maintenance 644sqm block.
* Three x two bedroom, two bathroom, single garage units; two x three bedroom, three
bathroom, single garage units.
* 3 min walk to Northgate train station: ideal convenience for tenancies.
Give Dean and Simon a call to discuss this fantastic opportunity and to receive the full incomings/outgoings breakdown.
Property History for 298 Melton Rd, Northgate, QLD 4013
- 05 Nov 2020Listed for Sale Sold
- 17 Sep 2019Listed for Sale OFFERS OVER $1,890,000
- 07 Jul 2016Listed for Sale Not Disclosed
Recent sales nearby
See more recent sales nearby/assets/perm/o6gdkr56y4i63nru4nnqvllodq?signature=fdd52dcac436fdf5939209423eb59e0563b81dc7ef1beb47e265c01ddcbe14b6){kind=logo}
0
/assets/perm/ey3r24adumi6vdisxvroqd2cdm?signature=ed094486703672bcd0daaed4d6ef7ab2b819c6f90ab7e2fa6d63db3f1b7f54be){kind=logo}
0
/assets/perm/32jcbf76l4i63d35nu26dabtkm?signature=aec24828da71968057879144f5d7fa1cf381012e1d77ff68f7b2ba1858c05f50){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Northgate 4013
The size of Northgate is approximately 3.3 square kilometres. It has 12 parks covering nearly 13.1% of total area. The population of Northgate in 2016 was 4568 people. By 2021 the population was 4876 showing a population growth of 6.7% in the area during that time. The predominant age group in Northgate is 30-39 years. Households in Northgate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northgate work in a professional occupation.In 2021, 55.50% of the homes in Northgate were owner-occupied compared with 52.70% in 2016.
Northgate has 2,793 properties. Over the last 5 years, Houses in Northgate have seen a 99.10% increase in median value, while Units have seen a 123.51% increase. As at 30 November 2025:
- The median value for Houses in Northgate is $1,359,603 while the median value for Units is $775,886.
- Houses have a median rent of $690 while Units have a median rent of $575.
Suburb Insights for Northgate 4013
Market Insights
Northgate Trends for Houses
N/A
N/A
View TrendN/A
N/A
Northgate Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
