2/10 Iluka StreetCannonvale QLD 4802
Property Details for 2/10 Iluka St, Cannonvale
2/10 Iluka St, Cannonvale is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 891m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom Unit sold in Cannonvale in the last 12 months.
Last Listing description (October 2024)
Two Houses, Two Incomes, One Exceptional Opportunity! An outstanding opportunity to expand your property or superannuation portfolio has emerged in the heart of Cannonvale. With the increasing demand for low-cost duplex properties, this offering, comprising two stand-alone residential houses, is a rare gem you don't want to miss.
Ideal for savvy investors, this property currently generates a solid gross income of approximately $940 per week ($48,880 per annum), you can simply sit back and watch your investment grow.
Alternatively, if you're seeking a place to call home, you have the option to occupy one of the houses while continuing to rent out the other for a steady income stream-the choice is yours!
One of the standout features of this property is the total control you have over the buildings. With NO BODY CORPORATE fees and just a single council rates bill covering both dwellings, this is undoubtedly one of the most attractive investment opportunities available.
Both A-frame style houses boast a practical layout, with two bedrooms on the ground floor and a versatile mezzanine level that can serve as a third bedroom or multi-purpose space. Each home is equipped with a spacious kitchen, main bathroom, and a laundry area.
The properties are fully air-conditioned and include one undercover car park per house, along with ample additional parking on the block. Each house features its own grass yard/garden, all set on a generous 891 sqm block in close proximity to local shopping centres, schools, and the Cannonvale Beach Precinct.
Currently leased to tenants under fixed-term agreements and professionally managed by Ray White Whitsunday, these homes offer a unique buying opportunity that will appeal to both investors and owner-occupiers.
For more information or to schedule a viewing, please contact the marketing agent, Adam Webster from Ray White, at 0401 235 534.
Property History for 2/10 Iluka St, Cannonvale, QLD 4802
- 02 Oct 2024Sold for $775,000
- 24 Sep 2024Listed for Rent - Price not available
- 21 Aug 2024Listed for Sale SOLD by Adam Webster
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0About Cannonvale 4802
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 4,444 properties. Over the last 5 years, Houses in Cannonvale have seen a 75.66% increase in median value, while Units have seen a 75.97% increase. As at 31 October 2024:
- The median value for Houses in Cannonvale is $741,929 while the median value for Units is $413,517.
- Houses have a median rent of $720 while Units have a median rent of $500.
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