4e Wotherspoon Rd, Millars Well is a 3 bedroom, 1 bathroom Townhouse with 2 parking spaces and was built in 1981. The property has a land size of 481m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in September 2009.
What to loveAn outstanding opportunity for investors seeking strong returns and long-term security, this well-presented 3-bedroom, 1-bathroom end unit is already leased at $800 per week until 19/01/2027, providing immediate rental income from settlement.Positioned in a quiet complex of just six units in sought-after Millars Well, the property combines low-maintenance living with broad tenant appeal thanks to its spacious layout, generous outdoor areas, and convenient location close to schools, parks, and local amenities.Set on a surprisingly large block, the home offers ample parking and a private, tucked-away position that tenants will appreciate. Inside, the light-filled interior features wood-look flooring and an open-plan living and dining area designed for comfortable everyday living.The functional kitchen is well-equipped with ample storage, while all three bedrooms are fitted with air-conditioning, ceiling fans, and carpet for year-round comfort. The practical bathroom includes both a separate shower and bathtub, ideal for families and long-term occupants.Outside, the shaded patio and easy-care yard provide an attractive entertaining and relaxation space with minimal upkeep required.With a secure lease in place, strong weekly returns, and low strata fees, this is a turnkey investment opportunity in a consistently popular residential location.What to knowSeeking offers from $470,000Fixed term lease in place until 19/01/2027 at $800 per weekApproximate gross rental yield of 8.8% based on asking price6 monthly strata levy: $487.75Quiet complex of only six unitsWho to talk toFor more information about the property and to make your offer, contact Jordan James on 0458 193 869 or Ben McGuigan on 0488 402 017.
The size of Millars Well is approximately 3.4 square kilometres. There are 2 parks, covering nearly 0.5% of the total area. The population of Millars Well in 2016 was 1828 people. By 2021 the population was 2104 showing a population growth of 15.1% in the area during that time. The predominant age group in Millars Well is 30-39 years. Households in Millars Well are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Millars Well work in a trades occupation.In 2021, 31.90% of the homes in Millars Well were owner-occupied compared with 21.70% in 2016.
Millars Well has 968 properties. Over the last 5 years, Houses in Millars Well have seen a 54.82% increase in median value, while Units have seen a 102.05% increase. As at 30 April 2026:
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