FOR SALE
OFFERS OVER $370,000

37/8 Varsityview Court
Sippy Downs QLD 4556

Bedrooms: 4
Bathrooms: 4
Car spaces: 1
Floor area: 92m2
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SET & FORGET INVESTMENT AT SUNSHINE COAST UNIVERSITY

UNDER CONTRACT
Varsity Apartments has consistently led the way for the astute investor in the student accommodation sector.
With a remarkable rent return of $840 per week, this is the perfect "Set & Forget" addition to your portfolio or SMSF.
VIEWINGS BY APPOINTMENT, tenants require 24 hours' notice.
The complex is security gated and only a five minute walk to the university.
This air-conditioned apartment has four ensuited bedrooms, a fully equipped kitchen, shared living/dining area and an outdoor entertaining area. It is conveniently located near the main entrance, overlooking the tennis court and close to the onsite management.
The complex features resort style living including, a fully equipped gymnasium, lap pool and resort pool, beach volley ball court, tennis and basketball court, BBQ areas, functions and games rooms and two launderettes.
There is onsite management with 24-hour security, so your investment is secure.
A perfect proposition for the savvy investor and also parents of students studying at the ever-expanding Sunshine Coast University.
Outgoings for last financial year;
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Property Details for 37/8 Varsityview Ct, Sippy Downs

37/8 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Apartment with 1 parking spaces. The property has a floor size of 92m2. The place is currently for sale with Insite Realty.

Building Type
Apartment
Floor Size
92m2

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About Sippy Downs 4556

The size of Sippy Downs is approximately 14.5 square kilometres. It has 20 parks covering nearly 57.6% of total area. The population of Sippy Downs in 2011 was 9,088 people. By 2016 the population was 10,281 showing a population growth of 13.1% in the area during that time. The predominant age group in Sippy Downs is 10-19 years. Households in Sippy Downs are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sippy Downs work in a professional occupation. In 2011, 54.7% of the homes in Sippy Downs were owner-occupied compared with 52.4% in 2016.

Sippy Downs has 4,903 properties. Over the last 5 years, Houses in Sippy Downs have seen a 76.64% increase in median value, while Units have seen a 95.51% increase. As at 31 August 2024:

  • The median value for Houses in Sippy Downs is $938,945 while the median value for Units is $561,245.
  • Houses have a median rent of $680 while Units have a median rent of $237.
There are currently 29 properties listed for sale, and 8 properties listed for rent in Sippy downs on OnTheHouse. According to CoreLogic's data, 237 properties were sold in the past 12 months in Sippy downs.

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Doug Ison
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Insite Realty
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