21/5 Atkinson Street, Middlemount QLD 4746

2 bed unit | furnished & tenanted | 11% gross yield | central Middlemount | bushfire overlay This unit at 21/5 Atkinson Street is being offered at a price that sits inside the estimated value range, but the real strength is the yield. At 11% gross on the agent’s rent estimate, and above 10% even on the more conservative Domain figure, this property delivers an income return that is difficult to find in most markets. The unit is furnished, has two carports, and is positioned within walking distance of the shopping centre, school, and pool—features that support tenant demand in a mining town where convenience matters. For a buyer seeking a low-touch, high-yield addition to a portfolio, or for a company needing accommodation for staff, the configuration and presentation make a strong case. The risks here are not in the price but in the holding costs and location character. Council rates at $3,500 and body corporate levies at $2,500 per year total $6,000 before utilities, insurance, and management—that cuts into net yield noticeably. The bushfire overlay is a real consideration for insurance premiums and should be checked before committing. The property sold for $135,000 in 2023, and while values have risen, the market in a single-industry town like Middlemount is tied to mining cycles. That said, the rental history shows consistent occupancy at $350–$360 per week, and the current asking price is not stretched relative to the high end of the value range. For a buyer comfortable with the cyclical nature of the location, this unit offers a clear path to positive cash flow with minimal ongoing work. Hold it for income, not speculation.