6/3-5 Fairport Ave, The Entrance is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 1973m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
This solid, blue chip investment stands perfectly with easy access to the beach, channel, shops and entertainment precinct.
Standing the test of time, this older style 2 bedroom apartment with a single lock-up garage is low maintenance with very low strata levies. Currently priced below replacement cost in a desirable location, this investment will give you solid returns along with long-term capital growth.
With all the uncertainty in the world, now is the time to add certainty to your financial future and purchase this sound seaside property.
The size of The Entrance is approximately 1.6 square kilometres. It has 5 parks covering nearly 15.8% of total area. The population of The Entrance in 2011 was 3,872 people. By 2016 the population was 4,020 showing a population growth of 3.8% in the area during that time. The predominant age group in The Entrance is 60-69 years. Households in The Entrance are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in The Entrance work in a professional occupation. In 2011, 32.8% of the homes in The Entrance were owner-occupied compared with 36.5% in 2016.
The Entrance has 4,349 properties. Over the last 5 years, Houses in The Entrance have seen a 82.25% increase in median value, while Units have seen a 45.79% increase. As at 31 August 2024:
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