37/73 Centenary Drive N, Middlemount QLD 4746
37/73 Centenary Drive N, Middlemount QLD 4746
3-bed townhouse | 1.96 ha land | Milieu Estate | Bushfire overlay | 9-10% gross yield
This property presents a rare configuration edge: a townhouse on nearly two hectares within a residential estate, which is uncommon in Middlemount. The land-to-dwelling ratio offers immediate positional advantage for buyers seeking space without leaving the estate’s amenity corridor. The ducted cooling, dual living areas, and privacy-fenced yard make it suitable for a family or a tenant profile that values indoor-outdoor separation. The active company lease and 9-10% gross return signal strong rental demand, which supports a buyer seeking income stability from day one.
The bushfire overlay is a specific risk that may affect insurance premiums and future development potential, though no flood or heritage constraints apply. The body corporate levies and council rates combined exceed $6,400 annually, which should be factored into net yield calculations. The lease renewal likelihood reduces vacancy risk, but the property’s value sits in a narrow band, limiting short-term capital growth. The opportunity lies in securing a high-yielding, low-maintenance townhouse with significant land, in a market where comparable stock is limited.
Detailed Independent Property Report prepared by PropCred Analyst team for 37/73 Centenary Drive N, Middlemount QLD 4746
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Middlemount is a remote mining town with a market defined by its industrial employment base. Demand is driven by the local and fly-in-fly-out workforce, creating a tight rental market with very low vacancy. Recent price growth has been strong, reflecting this sustained demand against limited housing supply. Future performance remains intrinsically linked to the health of the coal sector, with the remote location and economic concentration presenting ongoing sensitivity to commodity cycles.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1.96 ha
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