12/77 Tamarind Ave, Bogangar is a 0 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1985. The property has a land size of 5780m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in July 2013.
The owners have reduced the price on the property by $10,000 and have instructed us to advise any potential buyer that they are even still negatable on this price, that really does make this great buying. This is really a rare opportunity to own two separate units on one title, rent both out 0r live in one and use the other one as a permanently/ holiday rental, or make them a dual key units ( subject to owners corporation approval) and use both at the same time, with those type of multiple uses makes this a great personal and/or investment buying opportunity. These good condition studio units are situated in the popular Cabarita Lakeside Apartments, which is located within an easy 10 -15 minutes walk to all that the beautiful beachside village of Cabarita Beach has to offer. Miles of golden sandy beaches, specialty shops, major shopping centre, surf club patrolled beach, doctors, restaurants, beachfront hotel, sports club, fantastic point and beach surfing breaks, beautiful Norries Headland and its magnificent Cove Beach, they all are just an easy stroll away from the unit. The Lakeside Apartment building has gone through modernising and refit over the past few years and now features manicured lawns and gardens, large pool & BBQ area, lifts to all floors, and on-site professional management. These units really do represent a great opportunity as an affordable retirement home with side income, weekender, or just a good investment with the on-stie management quoting a permanent rental return of $400 + a week each unit.. Do the sums, it all works out great whichever way you look at it.
Features.
Potential rental income $42,650
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The size of Bogangar is approximately 6.8 square kilometres. It has 3 parks covering nearly 56.9% of total area. The population of Bogangar in 2011 was 3,099 people. By 2016 the population was 3,072 showing a population decline of 0.9% in the area during that time. The predominant age group in Bogangar is 50-59 years. Households in Bogangar are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bogangar work in a professional occupation. In 2011, 58.6% of the homes in Bogangar were owner-occupied compared with 64.2% in 2016.
Bogangar has 1,806 properties. Over the last 5 years, Houses in Bogangar have seen a 88.24% increase in median value, while Units have seen a 65.84% increase. As at 31 October 2024:
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