SOLD
Sold on 03 Jul 2024 for $300,000

3/5 Border Drive
Cannonvale QLD 4802

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 69m2
Land area: 116m2
Sold By
Taylors Property Specialists
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Property Details for 3/5 Border Dr, Cannonvale

3/5 Border Dr, Cannonvale is a 2 bedroom, 1 bathroom Unit and was built in 1988. The property has a land size of 116m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Cannonvale in the last 12 months.

Building Type
Unit
Year Built
1988
Floor Size
69m2
Land Size
116m2
Local Government
Whitsunday Regional
Lot/Plan
3/BUP70777

Last Listing description (August 2024)

Investor Alert! Here's your golden ticket to a smart investment opportunity at 3/5 Border Drive. This standard unit is the epitome of practicality and profit potential. No flowery language here, just solid investment features that speak volumes. Picture a modern kitchen, ground floor convenience, and a small, manageable complex of eight units ensuring low maintenance and high appeal to renters. But wait, there's more! A unique lock-up storage room and spacious undercover parking add value and convenience, while a fresh open wardrobe fit-out adds a touch of modern flair. And here's the kicker: there's still room for further improvements, but why bother when you're already looking at a solid 5% net return at $319,000? It's the kind of investment that speaks to your bottom line efficient, practical, and primed for profit. Don't let this opportunity slip through your fingers. Invest wisely, invest in 3/5 Border Drive.

Additional Features:
Modern kitchen with sleek finishes, catering to contemporary living standards.

Convenient ground floor entry, ensuring ease of access for tenants and
minimal maintenance.
Small complex of only eight units, fostering a tight-knit community feel and
reducing management complexity.
Unique lock-up storage room and ample undercover parking, providing added
value and convenience for tenants.
Fresh open wardrobe fit-out, adding a modern touch and enhancing the unit's
appeal to potential renters.
Potential for further improvements, allowing investors to capitalize on value-
add opportunities and maximize returns over time.

Property History for 3/5 Border Dr, Cannonvale, QLD 4802

A timeline of how this property has performed in the market
Last Sold
$300,000
03 Jul 2024
Listed for Rent
$390/w
01 Apr 2022
  • 03 Jul 2024
    Sold for $300,000
  • 10 Apr 2024
    Listed for Sale $300,000 SOLD By TAYLORS
  • 23 Feb 2022
    Listed for Rent $390 / 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 4,469 properties. Over the last 5 years, Houses in Cannonvale have seen a 84.70% increase in median value, while Units have seen a 57.01% increase. As at 31 July 2024:

  • The median value for Houses in Cannonvale is $739,184 while the median value for Units is $386,930.
  • Houses have a median rent of $745 while Units have a median rent of $500.
There are currently 44 properties listed for sale, and 39 properties listed for rent in Cannonvale on OnTheHouse. According to CoreLogic's data, 394 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.