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Sold on 12 Aug 2024 for $227,500

3/85 Queens Road
Hermit Park QLD 4812

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
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Property Details for 3/85 Queens Rd, Hermit Park

3/85 Queens Rd, Hermit Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Hermit Park in the last 12 months.

Building Type
Unit
Floor Size
90m2
Local Government
Townsville City
Lot/Plan
3/SP177417

Last Listing description (August 2024)

Welcome to 3/85 Queens Road, Hermit Park, Qld 4812, a modern and well-maintained unit offering comfort, convenience, and a desirable location. This modern unit offers not only a contemporary living experience but also an impressive gross potential yield of 9.16%. With a land size of 90 m², this unit boasts 2 bedrooms, 1 bathroom, and 1 parking space.

Step inside this well-maintained unit to discover its neat and tidy presentation, spacious courtyard, modern kitchen, and stylish bathroom. The vinyl plank flooring and air conditioning throughout ensure a comfortable and appealing atmosphere for tenants.

Located in the sought-after Hermit Park, this property enjoys proximity to convenient shops, schools, and amenities. With supermarkets, cafes, restaurants, and recreational facilities just a short distance away, tenants will appreciate the convenience of this location. Families will also benefit from the availability of reputable schools in the area.

Investors will find this property highly attractive. Currently generating a rental income of $300 per week ($320 in September), this unit offers a remarkable gross potential yield of 9.16%. The low body corporate fees help maximise returns, with an established tenant in place until March 2025, ensuring a hassle-free investment period.

Your Property:
• Modern unit with a comfortable and contemporary living experience
• 2 bedrooms with built-in wardrobes for ample storage
• Recently refreshed bathroom
• Spacious courtyard for outdoor enjoyment
• Modern kitchen with all the necessary amenities
• Vinyl plank flooring for a sleek and durable finish
• Split system air conditioning installed throughout for year-round comfort
• External laundry for added convenience
• Great location in Hermit Park, close to shops, schools, and amenities

Your investment:
• Current rental income of $300 per week, recently resigned for 6 months at $330 per week, starting in September.
• Gross potential yield of 9.16%
• Low body corporate fees - approximately $1,894.15 per half year
• Rental appraisal - $330-$380 per week
• Established tenant in place until March 2025

Don't miss out on this fantastic opportunity to own a modern unit in a convenient location. Contact Elevate Property Partners, represented by Monet Griffin 0403 307 623 and Coralie Macdonald 0413 450 652, to arrange an inspection and secure your future in 3/85 Queens Road, Hermit Park.

Property History for 3/85 Queens Rd, Hermit Park, QLD 4812

A timeline of how this property has performed in the market
Last Sold
$227,500
12 Aug 2024
Listed for Rent
$290/w
01 Sep 2022
  • 29 Jul 2024
    Sold for $227,500
  • 19 Apr 2024
    Listed for Sale Offers Over $210,000
  • 01 Sep 2022
    Listed for Rent $290 / week
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About Hermit Park 4812

The size of Hermit Park is approximately 2.2 square kilometres. It has 5 parks covering nearly 26.4% of total area. The population of Hermit Park in 2011 was 3,520 people. By 2016 the population was 3,423 showing a population decline of 2.8% in the area during that time. The predominant age group in Hermit Park is 20-29 years. Households in Hermit Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hermit Park work in a professional occupation. In 2011, 48.1% of the homes in Hermit Park were owner-occupied compared with 47% in 2016.

Hermit Park has 2,061 properties. Over the last 5 years, Houses in Hermit Park have seen a 86.12% increase in median value, while Units have seen a 62.03% increase. As at 30 September 2024:

  • The median value for Houses in Hermit Park is $539,760 while the median value for Units is $303,725.
  • Houses have a median rent of $420 while Units have a median rent of $350.
There are currently 16 properties listed for sale, and 16 properties listed for rent in Hermit park on OnTheHouse. According to CoreLogic's data, 124 properties were sold in the past 12 months in Hermit park.

Suburb Insights for Hermit Park 4812

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Contact agent
Coralie Macdonald
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Monet Griffin
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Elevate Property Partners
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.