41 Pacific AvenueBushland Beach QLD 4818
Property Details for 41 Pacific Ave, Bushland Beach
41 Pacific Ave, Bushland Beach is a 6 bedroom, 4 bathroom Unit with 2 parking spaces and was built in 1996. The property has a land size of 804m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Last Listing description (December 2022)
This well located duplex is only one street back from the beach and backs onto an easement/wildlife corridor making it nice and private for the tenants. Built on a large 804sqm block means both units have a reasonable sized fully fenced yard which would suit tenants with children.
Unit 1 is currently rented till 20/02/23 at $375/week with unit 2 currently rented at $350/week till 08/01/23. Both units are identical and in the current market could probably achieve a combined rental of at least $760/week once the current tenancies expire resulting in a gross rental yield of around 5.25%.
Alternatively it could be used as a house and granny flat type set up for parents in one unit with the kids or grandparents in the other - or live in one unit and rent the other out.
Built in 2014, each unit contains three bedrooms, study nook, two bathrooms, kitchen, open plan living & dining, patio and single lock up garage incorporating a laundry. They are spacious and very livable for either couples or a family with up to two children.
The Bushland Beach market is experiencing consistent growth with approx. 30% price growth over the last three years. Vacancy rates are less than 1% meaning there is an almost instant supply of tenants looking for rentals in Bushland Beach. This property represents an outstanding opportunity to secure a solid return now and could always be strata titled at some time in the future to allow the two sides to be sold off separately.
Call the agent now on 0423 692 422 to discuss further or arrange an inspection.
Property History for 41 Pacific Ave, Bushland Beach, QLD 4818
- 21 Nov 2022Listed for Sale $750,000
- 18 Nov 2022Sold for $655,000
- 18 Aug 2022Listed for Sale $750,000
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0About Bushland Beach 4818
The size of Bushland Beach is approximately 8 square kilometres. It has 6 parks covering nearly 4% of total area. The population of Bushland Beach in 2011 was 5,658 people. By 2016 the population was 6,177 showing a population growth of 9.2% in the area during that time. The predominant age group in Bushland Beach is 0-9 years. Households in Bushland Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bushland Beach work in a trades occupation. In 2011, 65.6% of the homes in Bushland Beach were owner-occupied compared with 64.8% in 2016.
Bushland Beach has 2,716 properties. Over the last 5 years, Houses in Bushland Beach have seen a 74.90% increase in median value, while Units have seen a 90.49% increase. As at 30 September 2024:
- The median value for Houses in Bushland Beach is $643,596 while the median value for Units is $677,572.
- Houses have a median rent of $560 while Units have a median rent of $378.
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