42 Boundary Street, Bundaberg South, Qld 4670

Offers Over $699,000

Block Of Units
Type
5
Bedrooms
3
Bathrooms
3
Parkings
873 m²
Area

Published on Monday, October 19, 2026 ( See property details for 42 Boundary Street, Bundaberg South, Qld 4670)

Offers Over $699,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

An established, income-producing Queenslander with three self-contained flats, offering strong rental returns and future potential in Bundaberg South.

🏡 Property Highlights

  • Substantial Queenslander with three self-contained flats
  • Strong rental income of $1,090 per week with an 8.1% gross yield
  • Established tenancies in place until mid-2027
  • Potential for cosmetic improvements to increase value
  • Convenient location close to shops, schools, and transport
  • No body corporate fees, offering multiple income streams

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Garage
  • Open-Plan Living
  • Balcony
  • Waterfront / Views
  • Secure Parking
  • Fully fenced
  • Internal Laundry
  • Pet-Friendly

Bundaberg South is a vibrant suburb offering excellent amenities, including local shops, schools, and public transport. Its convenient location makes it ideal for tenants and investors alike. The area boasts a strong community feel with recreational facilities nearby. Property values are steadily appreciating, providing a solid foundation for future growth. The suburb's accessibility and established infrastructure make it a desirable place to live and invest.

What is the current rental income and yield for this property?
The property currently generates a combined rental income of $1,090 per week, with an approximate gross rental yield of 8.1%.
Are the flats currently tenanted and for how long?
Yes, all three flats are tenanted through to mid-2027, providing immediate income for the new owner.
What potential does the property have for value addition?
There is scope for cosmetic improvements to enhance the property's presentation and potentially increase future returns.
Is there any body corporate fee associated with this property?
No, the property offers three separate rental streams without body corporate fees.
What amenities are nearby?
The property is conveniently located close to local shops, schools, public transport, and recreational facilities.
Are there any upcoming planning or development activities in the area that could affect the property's value or livability? What are the zoning restrictions and potential for future development or renovations? Are there any easements, covenants, or restrictions on the property? Has the property been inspected for structural issues or pests? Are there any known flood or bushfire risks in the area? What are the current council rates and any additional levies or fees? Is there any history of disputes or issues with the current tenants? Are there any planned upgrades or maintenance required for the property? What are the terms of the existing tenancy agreements? Are there any restrictions or requirements for future modifications or extensions?

42 Boundary Street, Bundaberg South, Qld 4670 - More Details

Offers Over $699,000

Investors seeking strong rental returns should take a closer look at this substantial Queenslander at 42 Boundary Street, Bundaberg South. Configured into three self-contained flats, the property currently generates a combined rental income of $1,090 per week, representing a gross rental yield of approximately 8.1% at $699,000.
The upstairs accommodation comprises two two-bedroom flats, each with functional living areas, generous kitchen and dining spaces, and a bathroom. One also enjoys a small balcony. Downstairs, a one-bedroom flat features an updated bathroom, access to laundry facilities and a rear yard. Undercover parking beneath the property provides a space for each flat, with additional off-street parking available at the front. With all three flats currently tenanted through to mid-2027, an incoming owner can benefit from established rental income without the immediate need to find tenants. The property's configuration also provides three separate rental income streams without body corporate fees, offering an alternative to investing in multiple individual units.
While the property already delivers a strong rental return, there is scope for cosmetic improvements to enhance its presentation and potentially strengthen future returns.
Conveniently located close to local shops, schools, public transport and recreational facilities, this is an opportunity to secure an established income-producing property with further potential.

Offers Over $699,000

To ensure a worthwhile inspection for all parties, private viewings will be arranged following an initial discussion with genuinely interested buyers.

Disclaimer
All information provided has been obtained from sources believed to be reliable. However, prospective buyers should make their own enquiries to verify the accuracy of all information contained in this advertisement. Rental figures, yields and other financial information are provided as a guide only and are subject to change. No warranty or representation is made as to the accuracy or completeness of the information provided.
Type
Block Of Units
Bedrooms
5
Bathrooms
3
Parkings
3
Area
873 m²

Map & nearby places — 42 Boundary Street, Bundaberg South, Qld 4670

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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