Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
8
Bedrooms
4
Bathrooms
8
Car spaces
1,012 m²
Land
Districts View
View not ready — official layers are still retrieving for this property. Official planning layers still retrieving. Flood / bushfire / heritage not yet retrieved. No recorded sale price for this property. Districts does not score a property it cannot yet see.
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $560/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Bundaberg CityCurrently returning $855 per week (gross rental yield of 7.06% - Net 5.51%), this property is just what investors are looking for!
Given the fantastic location close to the Bundaberg Medical Precinct, low rental stock available and huge demand for rental properties in Bundaberg, the smart investor will know how to maximise this property's full potential!
Well positioned just off Bourbong Street in Millbank, with only a 2 to 3-minute drive to the Bundaberg Base and Mater Private Hospitals as well as a variety of other health care providers based in this locality and within 5 to 7 minutes from other local amenities including airport, train station, shopping centres, CBD, Queen's Park, Burnett River and local schools, this property is suitable for many types of tenants which makes for a great residential property investment.
Currently fully tenanted, this 2 storey block of 4 brick units on a quarter acre allotment (1012m2) offers the following;
. Freehold block of 4 units
. Zoning - Residential
. Land Use - Multi-Unit Dwellings
. No Body Corporate fees!
. Lot Size - 1012m2
. Each Unit has the same layout with living room, kitchen and separate laundry situated on the lower level and 2 bedrooms with built in wardrobes plus bathroom with shower, toilet and vanity on the upper level. The main bedroom opens onto the upper deck with stairs going from the deck to the ground level on both sides of the building.
. Units 2 & 4 have been partly renovated with new kitchens and floor coverings.
. All units have security screens to windows and front and back doors.
. Ceiling fans in all living rooms and bedrooms.
. Clothesline for each unit out the back.
. Single undercover car parking space plus one off-street park in front driveway per unit.
Current Tenancies/Rental Income:
Unit 1 - Currently leased for $215pw until 22/9/21
Unit 2 - Currently leased at $220pw from 28/5/21
Unit 3 - Currently leased for $205pw until 20/9/21
Unit 4 - Currently leased for $215pw from 26/5/21
Total Rent - $855pw ($44,460 per annum)
Current Expenses:
Rates - Approximately $7816 per year
Insurance - Approximately $1919 per year
Rental Return:
Current Gross Rental Return - 7.06%
Current Net Rental Return - 5.51%
Nearby Amenities:
. 3-minute drive to Bundaberg base Hospital (1.6km)
. 2-minute drive to Mater Private Hospital (1km)
. 7-minute drive to Bundaberg CBD
. 6-minute drive to Bundaberg Airport
. 5-minutes drive to Train Station and Stockland's Shopping Centre
. 3-minute drive to Queen's Park (1.4km)
Contact Exclusive Listing Agent Tania Bunyan from Ray White Bundaberg on 0488 918588 or email tania.bunyan@raywhite.com for further information and to arrange an inspection.
The information provided is for use as an estimate only and potential purchasers should make their own enquires to satisfy themselves of any matters.
Listing description written by Tania Bunyan, Ray White Bundaberg City — reproduced as published, not verified by Districts.