6/5 Nation Cres, Coconut Grove is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. While the property is not currently for sale or for rent, it was last sold in April 2004.
Why buy one - when you can have them all!! Located in the thriving suburb of Coconut Grove - minutes from the city and Casuarina - this is an investors dream opportunity to secure not one, but 6 apartments.
This solid brick complex boasts features that not many do - like secure gated entry to the property, parking at the rear for each apartment, renovated interiors with a fresh modern approach and a clean and tidy communal area that the tenants all maintain nicely.
Upstairs are three apartments that each have balcony access at the rear. There are one and two bedroom options so the rental potential is diverse. Downstairs apartments share a communal courtyard which also has the clothes lines and access to the communal laundry on the ground level.
Council Rates $8,106 per annum
Electricity approx $200 per annum
Water approx $5,300 per annum
The size of Coconut Grove is approximately 1.7 square kilometres. It has 8 parks covering nearly 22.6% of total area. The population of Coconut Grove in 2011 was 2,849 people. By 2016 the population was 3,064 showing a population growth of 7.5% in the area during that time. The predominant age group in Coconut Grove is 30-39 years. Households in Coconut Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coconut Grove work in a professional occupation. In 2011, 37.4% of the homes in Coconut Grove were owner-occupied compared with 37.4% in 2016.
Coconut Grove has 1,872 properties. Over the last 5 years, Houses in Coconut Grove have seen a 35.02% increase in median value, while Units have seen a 23.91% increase. As at 30 November 2024:
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