41 Busteed St, West Gladstone is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1972. The property has a land size of 926m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Here's an affordable opportunity to earn an income and start the path to home ownership all in one property, or just build on a solid investment portfolio, with this centrally located duplex. Located on an elevated corner lot and enjoying a northerly aspect, these two bedroom units offer single level living on the top floor with an open plan style of living and individual balconies at the front of each. Having managed this property in the past, tenants loved the lock up car accommodation and ample storage under the units, in addition to the close proximity to local shops, Stockland Kin Kora and primary & high schools. The seller has enjoyed very low vacancy rates over his years as landlord. There is ample off street parking and both units enjoy flat yard space at both the front and rear. With the property in good condition throughout, there is no major money to be spent upfront but the smart investor will see the potential to add value with their own improvements to the 926m2 lot and property over time. Both properties are sold part furnished and tenancies are in place.
With the market offering the best value for money buying conditions seen in 10 years, and interest rates at historic lows, this property offers the perfect storm of conditions to be a money-maker for it's next owner. Contact Shane McLeod now to arrange your inspection, or with any further questions.
**Some file photos due to tenant privacy**
The size of West Gladstone is approximately 7.1 square kilometres. It has 16 parks covering nearly 14.1% of total area. The population of West Gladstone in 2016 was 4728 people. By 2021 the population was 4844 showing a population growth of 2.4% in the area during that time. The predominant age group in West Gladstone is 50-59 years. Households in West Gladstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Gladstone work in a trades occupation.In 2021, 53.10% of the homes in West Gladstone were owner-occupied compared with 55.40% in 2016.
West Gladstone has 2,850 properties. Over the last 5 years, Houses in West Gladstone have seen a 94.37% increase in median value, while Units have seen a 146.37% increase. As at 31 March 2026:
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