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Duplex Pair - 109A Woongarra Street, Bundaberg West

Property Details

Key Information: -Frontage 16m
-Medium density
-Central location
-Walking distance to hospital
-With small renovation work, rent potential 520+ pw
-Best case yield: 6.6% from June 2026
-Worst case yield: 5.4% until June 2026
-No body corporate fee
Unit 1
- Currently vacant, rental appraisal $450 to $480 per week
- Open carport
- ⁠2 bedrooms
- ⁠Living: Air-conditioned + ceiling fans
- ⁠Kitchen: cabinetry, single sink, and freestanding
cooktop
- ⁠Bathroom: updated vanity + separate toilet
- ⁠Security screens on all doors and windows
Unit 2
- Long-term tenants, 330 per week, until 02/06/2026
- ⁠ Market rent 2026: $480 - $500 per week
- Lockable single car garage (manual) with internal access
- Flooring: Timber-look flooring throughout
- Accessibility: Wheelchair ramp
- 2 bedrooms, both with built-in robes and ceiling fans
- ⁠Air-conditioned lounge room + ceiling fan
- Kitchen: cabinetry, single sink, and freestanding
cooktop
- Full size bathroom + separate toilet
- Security: Security screens on all doors and windows
Our Commentary
Room to increase value and rental of property with minor updates (costs approximately 2 - 4k to achieve 520-550 per week)
Vendor is looking to settle before end of year close off. We are negotiating with agent of lower price for faster settlement.
Property currently off market, going on market tomorrow with offers by COB 26.11.2025.
Cashflows and walk through follows. If interested, let us know asap.
Monthly out of pocket:
707 per month until June 2026
137 per month once unit 2 rent increase
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