OFF MARKET

12/77 Tamarind Avenue
Bogangar NSW 2488

Bedrooms: -
Bathrooms: 2
Car spaces: 2
Floor area: 55m2
Land area: 5780m2
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Last updated 18 Nov 2024
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Property Details for 12/77 Tamarind Ave, Bogangar

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.

Building Type
Unit
Year Built
1985
Floor Size
55m2
Land Size
5780m2
Local Government
Tweed
Lot/Plan
12/SP79344

Last Listing description (September 2024)

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

Reasonable body corp levies $2,550 per quarter, total cost for both units.
Council rates approximately $675 per quarter, total cost for both units.
Modern studio 1st floor apartments.
Great outlook from lounge and balcony.
Lift access to all floors
Bamboo flooring
Large private balcony
Air-conditioning (Reverse Cycle)
Permanent Rent return of $400 + per week expected for reach unit.
Building includes lift access, swimming pool and undercover BBQ area.
5 minutes to the new state of the art base hospital.
10 minutes walk to the beach and town and shopping centre.
20 minutes to Gold Coast International Airport
35 minutes to Byron Bay
For more information or to arrange your own private inspection contact Wayne Moore on 0402 677401

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Property History for 12/77 Tamarind Ave, Bogangar, NSW 2488

A timeline of how this property has performed in the market
Last Sold
$108,700
16 Jul 2013
  • 29 May 2024
    Listed for Sale Not Disclosed
  • 16 Feb 2023
    Listed for Sale Price Guide $590,000
  • 16 Jul 2013
    Sold for $108,700
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About Bogangar 2488

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:

  • The median value for Houses in Bogangar is $1,287,336 while the median value for Units is $798,739.
  • Houses have a median rent of $850 while Units have a median rent of $720.
There are currently 29 properties listed for sale, and 3 properties listed for rent in Bogangar on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Bogangar.

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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.