SOLD
Sold on 08 Mar 2024 for $580,000

117/2 Margaret Street
Coolum Beach QLD 4573

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 63m2
Land area: 81m2
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Property Details for 117/2 Margaret St, Coolum Beach

117/2 Margaret St, Coolum Beach is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 81m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Coolum Beach in the last 12 months.

Building Type
Unit
Year Built
2008
Floor Size
63m2
Land Size
81m2
Local Government
Sunshine Coast Regional
Lot/Plan
117/SP187916

Last Listing description (March 2023)

There are only eight 1 bedroom apartments in the whole complex of 96
The on-site managers explain the 1 bedroom units enjoy the highest occupancy such is their popularity with guests.

Coolum @ The Beach is an award winning resort and residential complex located in the central Coolum CBD directly opposite the beach.

A total of 4 swimming pools including 2 heated pools, a lap pool and a children's wading pool are scattered between tropical gardens and palm trees with a timber walkway between. There's also an air conditioned gymnasium located near the impressive entrance foyer and reception.

Secure car parking is under the complex which spreads for a whole block. Lifts from the car park take you to a covered outdoor breezeway corridor on each level for easy access.

Unit 117 is located on the top floor which means more light, more breezes and nobody living above you. It's located in a quiet area facing East overlooking the lap pool and the gardens.

The unit itself measures a generous 81m2 and features an open plan kitchen, lounge and dining room opening onto the balcony.

The modern designer kitchen is well equipped with stone bench tops, stainless steel appliances and plenty of cupboards for storage. There's a European style compact laundry including washing machine & clothes dryer.

The bedroom is generous in size as you'd expect with a walk in robe and ensuite bathroom. A handy secure outside storage area is a nice bonus.
Climate control is with ceiling fans plus two reverse cycle air conditioners located in the living room and the bedroom

The location in central Coolum means a short walk to the patrolled beach & surf club or an easy 5 minute stroll to restaurants, cafes and clubs. The Coles anchored shopping centre is directly opposite the complex and includes specialty shops, food outlets, post office, pharmacy and medical.

Unit 117 comes fully furnished and is currently in the holiday letting pool earning excellent income with the on-site management. Of course it's your choice whether to holiday let, permanent let, live in or lock-up-and-leave.

Call Mark Lawler on 0423 766 713 or Brett Harding 0423 865 080 for more information or to arrange an inspection.

Estimated Expenses
* Body Corp Approx $161pw ($8,368pa)
* Waters Rates $1,000pa & Council Rates $2,610pa

Potential holiday returns $24,000 (net)

Property History for 117/2 Margaret St, Coolum Beach, QLD 4573

A timeline of how this property has performed in the market
Last Sold
$580,000
08 Mar 2024
  • 08 Mar 2024
    Sold for $580,000
  • 17 Jun 2022
    Sold for $565,000
  • 25 Nov 2019
    Sold for $295,000
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About 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 6,357 properties. Over the last 5 years, Houses in Coolum Beach have seen a 99.15% increase in median value, while Units have seen a 92.56% increase. As at 31 July 2024:

  • The median value for Houses in Coolum Beach is $1,360,530 while the median value for Units is $923,558.
  • Houses have a median rent of $750 while Units have a median rent of $650.
There are currently 58 properties listed for sale, and 14 properties listed for rent in Coolum beach on OnTheHouse. According to CoreLogic's data, 269 properties were sold in the past 12 months in Coolum beach.

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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.