OFF MARKET

2/38 Banksia Court
Cannonvale QLD 4802

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 117m2
Land area: 117m2
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Property Details for 2/38 Banksia Ct, Cannonvale

2/38 Banksia Ct, Cannonvale is a 3 bedroom, 2 bathroom Unit and was built in 2004. The property has a land size of 117m2 and floor size of 117m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
2004
Floor Size
117m2
Land Size
117m2
Local Government
Whitsunday Regional
Lot/Plan
2/SP167814

Last Listing description (January 2023)

A Winner For A Beginner - This One Won't Last! No Body Corp Fees

This well-located duplex offers the perfect low-risk opportunity for first-home buyers or savvy investors to get their foot into the Whitsunday property market

It's not often for this price you will find an affordable and low-maintenance property with no annual body corporate fees to pay.

Offering a genuine 3-bedroom, 2-bathroom floor plan plus the enclosure of the lock-up garage has created an additional multi-purpose area / 4th Bedroom. There is a car park available to the front of the home for everyday parking or you could reinstate the lock-up garage if you have secure parking needs.

The property has just been vacated, allowing any buyers to purchase now and move in asap. Investors should also take note of the strong demand from tenants for available rental properties in this area - this one will get snapped up very quickly.

Situated close to shops, Reef Gateway Hotel, transport, and schools, this duplex unit is in a great position in central Cannonvale.

This property would make the perfect investment property with no body corporate fees and a very strong rental market.

Some features include:
- Three bedrooms/2 bathrooms
- Original lock-up garage has been converted into a multi-purpose room / 4th bedroom / Home office
- Tiled Throughout living areas, carpet bedrooms
- Large semi-covered entertaining deck in backyard
- Functional kitchen, internal laundry
- Private fully fenced backyard ideal for kids and pets
- Garden shed locker in the yard

Opportunities like this are not often available in this market, don't delay and contact Adam Webster from Ray White to arrange your inspection.

Property History for 2/38 Banksia Ct, Cannonvale, QLD 4802

A timeline of how this property has performed in the market
Last Sold
$401,000
08 Dec 2022
Listed for Rent
$450/w
23 Apr 2021
  • 08 Dec 2022
    Sold for $401,000
  • 05 Dec 2022
    Listed for Sale UNDER CONTRACT
  • 26 Mar 2021
    Listed for Rent $450 / week
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About 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 4,439 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.
There are currently 49 properties listed for sale, and 34 properties listed for rent in Cannonvale on OnTheHouse. According to CoreLogic's data, 381 properties were sold in the past 12 months in Cannonvale.

Suburb Insights for Cannonvale 4802

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.