SOLD
Sold on 08 Jun 2024 for $808,000

8 Olympus Crescent
Arcadia QLD 4819

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 108m2
Land area: 1248m2
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Property Details for 8 Olympus Cres, Arcadia

8 Olympus Cres, Arcadia is a 2 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 1248m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom House sold in Arcadia in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
108m2
Land Size
1248m2
Local Government
Townsville City
Lot/Plan
2/RP740602

Last Listing description (July 2024)

Olympus Crescent has long been a prized address on Magnetic Island being just a hop, skip and a jump to Alma Bay and a no-through road of beautiful classic homes. This home, known as 'Paradise' to those who may remember it from days gone by, is nestled on a large 1248m2 block with beautiful easy-care gardens and the backdrop of the National Park to the rear. The block provides ample scope for extending the property, adding a pool, or developing the garden further.

The home is a classic Queenslander design, perfect for the tropics, with the living area which wraps around three sides of the house fully enclosed with modern screened louvres so you can enjoy the space whatever the weather. There are two external decks too, both with lovely views of the garden and the trees and granite boulders that define Magnetic Island.

The two very spacious bedrooms open onto the living area through French doors, each of which have split system air conditioning. The bathroom has been stylishly renovated with an easy-access shower, vanity and separate toilet adjacent and the laundry is out of view in a large cupboard with additional linen and broom closets.

2.8kw of solar power help to keep the bills down and the house has been considerately renovated to retain its charm whilst adding the comforts of modern life and keeping maintenance to a minimum.

This property is a hidden gem that will be snapped up by the discerning buyer, a characterful cottage in an amazing location just two minutes' walk to picturesque Alma Bay, arguably the best swimming beach on the island. Just a three minute drive or a 20 minute scenic beachfront walk brings you to the busy ferry terminal hub from where it's just 20 minutes on the ferry to Townsville.

Private inspections are available by appointment - please contact Alex.

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.

Property Code: 1569

Property History for 8 Olympus Cres, Arcadia, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$808,000
08 Jun 2024
  • 08 Jun 2024
    Sold for $808,000
  • 07 Jun 2024
    Listed for Sale Offers over $795,000
  • 01 Feb 2021
    Sold for $530,000
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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 391 properties. Over the last 5 years, Houses in Arcadia have seen a 76.26% increase in median value, while Units have seen a 181.89% increase. As at 31 October 2024:

  • The median value for Houses in Arcadia is $568,723 while the median value for Units is $394,021.
  • Houses have a median rent of $300 while Units have a median rent of $300.
There are currently 4 properties listed for sale, and 3 properties listed for rent in Arcadia on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Arcadia.

Suburb Insights for Arcadia 4819

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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.