OFF MARKET

16 Olympus Crescent
Arcadia QLD 4819

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 276m2
Land area: 873m2
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Property Details for 16 Olympus Cres, Arcadia

16 Olympus Cres, Arcadia is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 873m2 and floor size of 276m2. While the property is not currently for sale or for rent, it was last sold in December 2015.

Building Type
Unit
Year Built
1978
Floor Size
276m2
Land Size
873m2
Local Government
Townsville City
Lot/Plan
97/SP314336

Last Listing description (May 2017)

Two houses for the price of one! Live in one and rent the other.
Located just a easy stroll to Alma Bay beach, this attractive property is value packed for even the most astute purchaser. Huge price reductions and two houses combined with one of Magnetic Island's best street addresses, add to the appeal.
Potential for a range of uses, live in one and rent or renovate the other, use as holiday or long term rentals, convert to bed and breakfast .the choice is yours.

The location epitomizes island living. This property is set into the side of the hill against a bush and granite boulder backdrop with the occasional koalas as your new neighbours.
At the front of the property is a historic two bedroom cottage. This house has been renovated and has a modern bathroom and light paintwork through out. The two central bedrooms are wrapped by additional living space in the enclosed verandahs which also feature original timber louvres and timber floors.
The second residence is tucked into the side of the hill surrounded by natural bush and boulders. It enjoys stunning bush vistas and glimpses of the ocean. A large two storey residence, it sits ready and waiting, eager to be brought back to its former glory. Existing features include stunning timber stairway and gleaming timber floors, 2 bathrooms, large bedrooms and two living areas.
Located in Olympus Crescent, they are just a short stroll to beautiful Alma Bay, shops and restaurants.
Both homes are currently used as permanent rentals returning a total of $500 per week
Call today to discuss an offer . My vendor is seriously selling!

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Property History for 16 Olympus Cres, Arcadia, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$478,000
11 Dec 2015
  • 11 Dec 2015
    Sold for $478,000
  • 29 Jun 2013
    Listed for Sale Not Disclosed
  • 09 Jan 2012
    Listed for Sale 525000
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About Arcadia 4819

The size of Arcadia is approximately 5.8 square kilometres. It has 2 parks covering nearly 62.4% of total area. The population of Arcadia in 2011 was 237 people. By 2016 the population was 253 showing a population growth of 6.8% in the area during that time. The predominant age group in Arcadia is 60-69 years. Households in Arcadia are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Arcadia work in a professional occupation. In 2011, 47.5% of the homes in Arcadia were owner-occupied compared with 50.7% in 2016.

Arcadia has 392 properties. Over the last 5 years, Houses in Arcadia have seen a 72.41% increase in median value, while Units have seen a 192.83% increase. As at 30 November 2024:

  • The median value for Houses in Arcadia is $583,730 while the median value for Units is $399,155.
  • Houses have a median rent of $300 while Units have a median rent of $300.
There are currently 6 properties listed for sale, and 4 properties listed for rent in Arcadia on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Arcadia.

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