SOLD
RECENT ADVICE
Sold on 18 Nov 2024 for $780,000

2/5 Barnes Place
Cannonvale QLD 4802

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 800m2
Sold By
PRD nationwide Whitsunday
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Property Details for 2/5 Barnes Pl, Cannonvale

2/5 Barnes Pl, Cannonvale is a 6 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 800m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 6 bedroom House sold in Cannonvale in the last 12 months.

Building Type
House
Land Size
800m2
Local Government
Whitsunday Regional

Last Listing description (November 2024)

New to the market this exceptional dual-income property, perfectly situated on a generous 800sqm block in Central Cannonvale. This partially renovated duplex has the potential for strong rental returns, ensuring immediate cash flow. Alternatively, it provides the perfect setup for multi-generational families, offering plenty of space for everyone to live comfortably together!
Duplexes are becoming more popular as a real estate investment opportunity among experienced real estate investors and as a reliable income generator for those looking to enter the real estate market.

Key Features:

-Potential Weekly Rental Income: Currently Unit 1 is rented for $420 / week and Unit 2 is vacant having just completed renovations. A current appraisal indicates a potential income of $960 per week for both units. Enjoy the added benefit of no strata fees!

Each unit offers the following:
- Three spacious bedrooms, balcony off the main bedroom
- One bathroom with shower and bath
- Open-plan kitchen, lounge, and dining area, perfect for entertaining
- Expansive fully fenced rear garden for outdoor relaxation, ideal for families and children to play
- Ceiling fans throughout

Property Highlights:
- No Body Corporate fees!
- Council rates approximately $3,372 per half-year
- Unit 2 has recently been completely repainted with new fans and lights and a kitchen upgrade
- The spacious block offers ample outdoor space, enhancing the appeal of both units.
- Close to local schools, shops, and transport links.
This dual-income property is a fantastic opportunity for investors seeking a well-located, low-maintenance asset with growth potential or for multi-generational families looking for extra space to thrive together. Don't miss your chance to secure this valuable addition to your portfolio or family lifestyle!

*As per legislation governed by the 2014 Property Occupations Act, we cannot disclose any price expectations for sales via public auction in Queensland.

This property is to be offered for sale by Public Auction on Monday the 18th November at 5:30pm at the Whitsunday Marine Club.
Don't miss the opportunity to make this beautiful presented home your own, contact Helen Maund on 0409 113 282 or Amy Sumner 0448 622 623 for further information.

Property History for 2/5 Barnes Pl, Cannonvale, QLD 4802

A timeline of how this property has performed in the market
Last Sold
$780,000
18 Nov 2024
Listed for Rent
10 Feb 2016
  • 18 Nov 2024
    Sold for $780,000
  • 25 Oct 2024
    Listed for Sale Auction
  • 26 Jun 2015
    Listed for Rent - Price not available

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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 4,444 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.
There are currently 50 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.