4/80 Nightcliff Rd, Rapid Creek is a 9 bedroom, 4 bathroom House with 6 parking spaces and was built in 1978. The property has a land size of 946m2.
Versatile Beachside Investment With Excellent Returns
Not often an investment comes along which has all the components that this fabulous one does. This well maintained property offers versatility as a live in and manage type situation, an excellent location just metres to the beach, excellent rental returns and potential for good capitol appreciation.
Configured in a roomy three bedroom one bathroom, elevated home and three, two bedroom self contained units in the backyard this offers the potential buyer the ability to move into the house and have an extremely good return from the units. Currently it is used as a straight investment and is fully rented and returning over $55,000 per annum with the potential to increase this amount with minimal input.
The size of Rapid Creek is approximately 1.8 square kilometres. It has 7 parks covering nearly 44.9% of total area. The population of Rapid Creek in 2011 was 3,267 people. By 2016 the population was 3,290 showing a population growth of 0.7% in the area during that time. The predominant age group in Rapid Creek is 30-39 years. Households in Rapid Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rapid Creek work in a professional occupation. In 2011, 46.1% of the homes in Rapid Creek were owner-occupied compared with 43.9% in 2016.
Rapid Creek has 1,649 properties. Over the last 5 years, Houses in Rapid Creek have seen a 29.74% increase in median value, while Units have seen a 5.42% increase. As at 31 August 2024:
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