11 Pleasant Dr, Cannonvale is a 6 bedroom, 3 bathroom Unit with 4 parking spaces and was built in 1990. The property has a land size of 660m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in February 2020.
Located within metres of the popular Cannonvale beach and the board walk to Airlie Beach, this small unit complex generates $70,000 income per annum with full time tenants.
The yield is maintained with no body corporate and rates of just $3,600 per 6 months
The configuration provides one single level apartment and two double storey townhouse style dwellings, with plenty of undercover off street parking and separate storage areas.
This is ideal as a solid return, or live in one and rent the others or the perfect solution for a local business that struggle for accommodation for staff.
The size of Cannonvale is approximately 7.2 square kilometres. It has 19 parks covering nearly 4.2% of total area. The population of Cannonvale in 2011 was 4,885 people. By 2016 the population was 5,716 showing a population growth of 17.0% in the area during that time. The predominant age group in Cannonvale is 30-39 years. Households in Cannonvale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cannonvale work in a trades occupation. In 2011, 45.7% of the homes in Cannonvale were owner-occupied compared with 48.1% in 2016.
Cannonvale has 4,438 properties. Over the last 5 years, Houses in Cannonvale have seen a 85.34% increase in median value, while Units have seen a 84.30% increase. As at 30 September 2024:
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