2/198 Olsen AvenueArundel QLD 4214
Property Details for 2/198 Olsen Ave, Arundel
2/198 Olsen Ave, Arundel is a 5 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 667m2.
Last Listing description (December 2021)
Auction Location: On site.
AUCTION POSTPONED TO SUN, 22ND AUGUST AT 3:00PM ON SITE
This duplex pair on 1 title is an amazing blue-chip investment opportunity!
It is situated only minutes from the Gold Coast Hospital, Griffith University, G-Link Station and Harbour Town Shopping Centre. Easy access to the M1 and yet only a 5 minute drive to the Broadwater.
Offered for sale are 2 duplexes on the 1 title and perched on a 667m2 block. Both Duplex's have outstanding tenants in them on lengthy leases until mid-next year, making this a perfect investment in the growth corridor of Arundel.
Duplex 1:
- Brick and tile construction
- 2 bedrooms
- 1 bathroom
- Raked ceilings
- Large front and rear yard with entertainment area
- Lock up garage
Duplex 2:
- Brick and tile construction
- 3 bedrooms
- 1 bathroom
- Raked ceilings
- Lovely front and rear yards with covered entertainment area
- Lock up garage
Key financial Information:
- Built on 1 title, so no body corporate
- Combined rental return of $725 per week
- $345 per week for unit 1
- $380 per week for unit 2
To book your inspection, please call Alex on 0411 510 099 today!
Property History for 2/198 Olsen Ave, Arundel, QLD 4214
- 19 Jul 2021Listed for Sale Auction
- 21 Apr 2021Listed for Rent $380 / week
- 31 Jul 2020Listed for Rent $340 / week
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0About Arundel 4214
The size of Arundel is approximately 10.3 square kilometres. It has 22 parks covering nearly 29.9% of total area. The population of Arundel in 2011 was 9,573 people. By 2016 the population was 10,242 showing a population growth of 7.0% in the area during that time. The predominant age group in Arundel is 50-59 years. Households in Arundel are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Arundel work in a professional occupation. In 2011, 64.2% of the homes in Arundel were owner-occupied compared with 65.9% in 2016.
Arundel has 5,215 properties. Over the last 5 years, Houses in Arundel have seen a 98.03% increase in median value, while Units have seen a 121.48% increase. As at 31 October 2024:
- The median value for Houses in Arundel is $1,139,909 while the median value for Units is $765,202.
- Houses have a median rent of $830 while Units have a median rent of $695.
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