1/7 Seacove LaneCoolum Beach QLD 4573
Property Details for 1/7 Seacove Lane, Coolum Beach
1/7 Seacove Lane, Coolum Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 112m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (December 2020)
Wow. Be quick for this one.
A two storey townhouse with the lower level studio unit currently rented at $270 per week and the upper level two bedroom unit currently lived in by the owners with an indicative potential rent of $380 per week.
That's a total weekly rent of $650 per week or $33,800 per year which represents an extraordinary return with an asking price at $395,000.
After paying all fees and loans you are positively geared and making money. Not to mention the future capital gains from investing in Coolum Beach the emerging property hotspot on the Sunshine Coast.
Here are the features at a glance:
Unit 1A:
Upper Floor
2 bedrooms
1 bathroom
1 covered car space
Air Conditioning
2 balconies at North & South ends
Kitchen
New flooring
New internal glass balustrade
Potential rental return $380 to $400pw
Unit 1B:
Lower Floor
Studio apartment
Kitchenette
1 bathroom
North facing outdoor patio
Currently rented for $270pw
The dual key design provides flexibility to the maximum. Rent both as permanent or both as holiday let. Live in one and rent the other.
Alternatively the connecting door from Unit 1B to the entry foyer of Unit 1A can be unlocked to create a single 3 bedroom townhouse apartment.
Seacove resort is ideally located in Coolum just North of Stumer's creek and South of the tennis courts, croquet club, sports fields, and lap pool complex. It's a 10 minute walk to Coles, cafes, restaurants and clubs, and just a 5 minute walk to the beach.
Call Mark Lawler on 0423 766 713 or James Henley on 0416 052 032 for more information.
Estimated Expenses PA:
Body corp: $6,881
Council rates: $2,008
Water: $1,000
Property History for 1/7 Seacove Lane, Coolum Beach, QLD 4573
- 03 Nov 2020Sold for $400,000
- 08 Oct 2020Listed for Sale $395,000
- 04 Jan 2018Listed for Rent $420 / week
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0About Coolum Beach 4573
The size of Coolum Beach is approximately 27.3 square kilometres. It has 29 parks covering nearly 56.6% of total area. The population of Coolum Beach in 2011 was 7,905 people. By 2016 the population was 8,493 showing a population growth of 7.4% in the area during that time. The predominant age group in Coolum Beach is 40-49 years. Households in Coolum Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coolum Beach work in a professional occupation. In 2011, 59% of the homes in Coolum Beach were owner-occupied compared with 62.6% in 2016.
Coolum Beach has 6,300 properties. Over the last 5 years, Houses in Coolum Beach have seen a 102.07% increase in median value, while Units have seen a 101.32% increase. As at 31 October 2024:
- The median value for Houses in Coolum Beach is $1,384,929 while the median value for Units is $964,113.
- Houses have a median rent of $750 while Units have a median rent of $675.
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