5 Foote AvenueBuderim QLD 4556
Property Details for 5 Foote Ave, Buderim
5 Foote Ave, Buderim is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 825m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 8 bedroom Unit sold in Buderim in the last 12 months.
Last Listing description (January 2024)
This double storey building comprising four flats on a fenced 825m2 block in one of Buderim's leafiest, blue-chip neighbourhoods, has been tightly held for decades, and offers an opportunity to invest in one of the finest residential addresses on top of Buderim Mountain.
Across two levels there are 4 x 2-bedroom, 1-bathroom flats with open plan living, kitchen, and front porch; there is a separate carport at rear with covered parking for one vehicle per flat, as well as onsite parking. The building is under one title.
All flats are rented until March 2024 to long-term tenants, so this could suit an investor seeking a holding income whilst land-banking this coveted site for a future rebuild or to on-sell for profit in coming years in this most desirable of locations?it's money in the bank.
The site is flat and clearly large enough to build a substantial sized home; it is not (currently) zoned for development, so under the existing town plan, it is a residential site only. Surrounded by some of Buderim's most admired homes on glorious parcels of land, this is a location you cannot overcapitalise in!
Located 'on top' of Buderim, it's just footsteps White's Lookout, a short walk to Wirreanda Park famous for its majestic fig trees and local shops. Buderim CBD is a few minutes' drive, it's less than 10 minutes to beaches, golf, the university, and premium private and public schools; major hospitals, the airport, and Sunshine Plaza are 15 minutes' drive.
Buderim is one of southeast Queensland's most desirable postcodes, one of the most searched suburbs on realestate.com.au and Foote Avenue is arguably its finest address, that never fails to make a favourable impression on all whom meander this tree lined avenue with its gracious homes.
Long-term owners are motivated to sell and offers are invited via tender. Contact Agent to arrange a private inspection or for further information.
? Invest in a prime 825m2 site on top of Buderim
? Blue-chip leafy street, coveted & much admired
? Block of 4 ? 2 x bedroom, 1-bathroom flats
? All rented to long-term tenants to March 2024
? Update to heighten returns, landbank or rebuild
? Short walk to local parks & shops, mins to CBD
? Less than 10 mins to beaches, golf, schools, uni
? Outstanding investment with holding income
? Long-term owners are highly motivated to sell
Property History for 5 Foote Ave, Buderim, QLD 4556
- 22 Nov 2023Sold for $1,375,000
- 24 Oct 2023Listed for Sale Not Disclosed
- 12 Feb 2020Listed for Rent $260 / year
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0About Buderim 4556
The size of Buderim is approximately 30.5 square kilometres. It has 78 parks covering nearly 18.9% of total area. The population of Buderim in 2011 was 27,068 people. By 2016 the population was 29,369 showing a population growth of 8.5% in the area during that time. The predominant age group in Buderim is 50-59 years. Households in Buderim are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Buderim work in a professional occupation. In 2011, 72.5% of the homes in Buderim were owner-occupied compared with 69.8% in 2016.
Buderim has 14,575 properties. Over the last 5 years, Houses in Buderim have seen a 79.91% increase in median value, while Units have seen a 63.01% increase. As at 31 October 2024:
- The median value for Houses in Buderim is $1,212,055 while the median value for Units is $684,840.
- Houses have a median rent of $775 while Units have a median rent of $600.
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