FOR SALE
Now Offers Over $1,000,000

9 Lumley Street
Parramatta Park QLD 4870

Bedrooms: 11
Bathrooms: 3
Car spaces: 2
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Now Offers Over $1 Million !

Great location ! Great potential ! Great Returns !
This 11 bedroom property is the perfect fit for the discerning buyer with brilliant location on low maintenance 354 m2 block with Low Density residential Zoning in place.
Upstairs:
3 bedroom residence with kitchen and bathroom facilities in place, this can be utilized as an on-site managers residence or rented out as well. Polished timber floorboards throughout all properties positioned in Lumley Street are covered by a character precinct overlay, which retain the historical flavour in the street.
Downstairs:
The downstairs area is fully tiled throughout and comprises 8 bedrooms that the seller has advised has Cairns Regional Council approval in place for short term accommodation. 2 bathrooms and well positioned kitchen make the design layout to provide income of up to $250 per week each room.
All bedrooms are air-conditioned and the options are to rent all 11 bedrooms out or live upstairs and rent out 8 rooms downstairs .
The seller has advised council rates are approximately $8,000 per annum. Brilliant location in a quiet street with rapid access to the city centre as a pedestrian, this property to put it simply is astandout in the market place !
For further information or to arrange an inspection contact agent today !

Property Details for 9 Lumley St, Parramatta Park

9 Lumley St, Parramatta Park is a 11 bedroom, 3 bathroom House with 2 parking spaces. The place is currently for sale with CAIRNS PROPERTY OFFICE.

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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.

Parramatta Park has 1,927 properties. Over the last 5 years, Houses in Parramatta Park have seen a 41.21% increase in median value, while Units have seen a 65.86% increase. As at 31 October 2024:

  • The median value for Houses in Parramatta Park is $583,677 while the median value for Units is $406,749.
  • Houses have a median rent of $500 while Units have a median rent of $435.
There are currently 41 properties listed for sale, and 15 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Parramatta park.

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Peter Hanrahan
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