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4/16 Marathon Street, Proserpine$575,000
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4/16 Marathon Street

Proserpine, QLD 4800, Australia
$575,000
3 bed 2 bath 1 car173 m²

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About this property

This well-maintained modern townhouse offers a fantastic opportunity for investors seeking strong returns and a low-maintenance property. Perfectly positioned close to local shops, schools and essential amenities, this property delivers both comfort and convenience, with a secure tenancy already in place and the current lease due to expire on 21/08/2026, offering a set-and-forget investment with immediate rental income and long-term stability. For first home buyers, the upcoming lease expiry on 21/08/2026 creates a timely opportunity to secure the property and plan a future move, with eligible purchasers able to take advantage of the First Home Buyers Guarantee Scheme, which allows entry into the market with a low deposit. The townhouse features a spacious open-plan living and dining area with tiled flooring and split-system air conditioning for year-round comfort. The modern kitchen is well-appointed with an electric oven, cooktop and ample storage, making it practical for everyday living. Upstairs you'll find three generous bedrooms (main with ensuite), each fitted with built-in wardrobes and split-system air conditioning. Outside, enjoy a private courtyard with additional storage, while the single bay carport provides convenient undercover access to the laundry. Residents also have access to a shared swimming pool and pergola area, perfect for relaxing or entertaining. Property Features: • Open-plan tiled living and dining area with split-system air conditioning • Modern kitchen with electric oven and cooktop • Internal laundry with direct outdoor access • Three spacious bedrooms with built-in wardrobes and split-system air conditioning • Private fully fenced courtyard with storage room • Single bay carport with undercover access to laundry • Gas hot water system • Shared swimming pool with pergola in the complex Investment Details Currently rented at $600 per week (last rental increase 23/01/2025) Lease in place until 21 August 2026 Council rates: $4,088 pa approx Body Corporate fees: $7,763.68 pa approx For further information or to arrange an inspection, contact: Brett Dwyer - 0447 583 759 or email brett.dwyer@raywhite.com

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
3
Bathrooms
2
Parking
1
Land Area
173 m²
Listed
3 months ago

Repayment calculator

$2,788/month
$1,394 /fortnight
Loan $460,000 at 6.10% over 30 years

Upfront costs

Deposit$115,000
Stamp duty$18,900
Conveyancing (est.)$2,000
Total upfront$135,900
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Proserpine

This 3-bedroom apartment in Proserpine, QLD 4800 sits within reach of public transport, local shops and nearby schools. It is listed 18% below the $700,000 median of 31 comparable apartmentswithin 5 km.

Schools near Proserpine

  • St Catherine's Catholic College The Whitsundayscombined · Prep-12 · CoEd
  • Proserpine State Schoolprimary · Prep-6 · CoEd
  • Proserpine State High Schoolsecondary · 7-12 · CoEd

What's nearby

  • Proserpine (train)187 m away
  • Colour Me Crazy236 m away
  • Unnamed173 m away
  • Mill Street Park383 m away
  • Unnamed519 m away

Proserpine at a glance

Full suburb profile
Population
3,614
Median age
42
Household income
$1,175/wk
Median rent
$260/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Proserpine price trend

Median sold · House 3 bed

Compound growth +16.1% / yr over 4 yrs

$618kcurrent median

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