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1-3/261 Melton RoadNorthgate, QLD 4013
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Sold prior to auction 16 Sep 2022
SOLD - $1,100,000

1-3/261 Melton Road, Northgate QLD 4013

6 Beds3 Baths4 Parking665m²
Block of Units
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Property Description

Fantastic Investment Opportunity

This modern complex of three units was built in 2013 and has good depreciation benefits.

The land has been rezoned to medium residential and may allow for redevelopment at a higher density (Subject to Council approval) on a 665m2 block.

These three units are rented under the NRAS scheme to assist people with low to medium incomes renting properties. The rent weekly payable is capped at below

School Catchment Zones for 261 Melton Road

Government School Catchment

Independent Schools

  • Mary MacKillop College

    1.2 km away

    • 7-12
    • Girls
    • Catholic
    More Info

Neighbourhood Insights

A little bit about who lives locally, as provided by government census data

Age%
under 20
15%
20 - 39
42%
40 - 59
28%
60+
15%
Long term residents
44%
Owner32%
Renter68%
Family37%
Single63%

Insights for Northgate

Market performance

Median price

-

Auction clearance

-

Sold this year

-

Avg days on market

-
*Based on 6 bedroom s in Northgate

Demographics

Population

4,578

Occupancy: 

Owner54%
Renter46%

Average age

20 to 39

Household: 

Family39%
Single61%
*Based on general data in Northgate
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