A MAJOR renovation or knock down, rebuild could be in order for this three bedroom property at 35 Magnolia Street, Holloways Beach.
The run down open plan home is on a 710sq m block and not far from the beach.
It has a bathroom and separate toilet and two of the bedrooms have built in robes.
The kitchen is advertised as being well appointed and the property has a single carport and a garden shed.
There is a sadly neglected pool on the property, which last changed hands in 2006 for $300,000.
The street price record is $780,000 for 1 Magnolia St, sold in 2013.
The second highest price is $748,500 for 6 Magnolia St, sold in late 2022.
The median house price at Holloways Beach is $540,000 an 18.7 per cent increase over 12 months to February 2023. Indicative gross rental yield is 4.91 per cent and the median asking rent is $510.
The property will be auctioned on March 28 at 5.30pm.
Article source: Queensland Property Investor
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