12/7 Seacove LaneCoolum Beach QLD 4573
Property Details for 12/7 Seacove Lane, Coolum Beach
12/7 Seacove Lane, Coolum Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 98m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in June 2019.
Last Listing description (July 2019)
Forget negative gearing, how does positive gearing sound!
The current permanent rental return is $590 per week for this dual key apartment. Which represents extraordinary investment returns at the asking price of $325,000.
Now that's exciting! You'll not find a better place to invest your money for both income and growth.
Unit 12 is a fully furnished 2 bedroom, 2 bathroom, 2 balcony, apartment located on the first floor with North facing views over the swimming pool & tropical gardens and South facing views over Stumer's creek and natural bushland.
Dual key means a single door to a private entry foyer where the door to Unit 12A is on the right and 12B on the left.
12A is a 1 bedroom unit rented at $350 per week comprising 1 bedroom, 1 bathroom, combined lounge & dining, kitchen, laundry and balcony
12B is a 1 bedroom studio rented at $240 per week comprising 1 bedroom, 1 bathroom, eat-in kitchenette and balcony
Both apartments are fully furnished and air-conditioned.
There is one under cover carport allocated to unit 12 and plenty of visitor parking.
The dual key design provides flexibility to the maximum. Rent both as permanent or holiday let. Live in one and rent the other. Open both doors to create a 2 bedroom apartment.
On-site management can provide information for the holiday letting returns being achieved by similar units.
Seacove resort is ideally located North of Stumer's creek and South of the tennis courts, croquet club, sports fields, and lap pool. It's a 10 minute walk to Coles, cafes, restaurants and clubs, and just a 5 minute walk across the road to the beach.
Buyers be quick for this apartment.
A positive geared property simply means you borrow from the bank, collect the weekly rent, and you will have money left over after paying body corp fees, council rates, management fees and the loan.
'Now that's a beautiful thing' says Mark Lawler listing agent from Richardson & Wrench Coolum.
I predict it will be snapped up quickly by an investor, first home buyer or a buyer looking to add an investment property to their self managed super fund portfolio.
Call Mark Lawler on 0423 766 713 to make an offer or arrange an inspection.
Estimated Expenses
* Body Corp Approx $131pw ($6826pa)
* Waters Rates $1200pa & Council Rates $1615pa
Property History for 12/7 Seacove Lane, Coolum Beach, QLD 4573
- 06 Jun 2019Sold for $318,000
- 26 May 2019Listed for Sale $325,000
- 23 Apr 2016Sold for $249,500
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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 6,359 properties. Over the last 5 years, Houses in Coolum Beach have seen a 105.76% increase in median value, while Units have seen a 97.91% increase. As at 31 August 2024:
- The median value for Houses in Coolum Beach is $1,381,484 while the median value for Units is $943,011.
- Houses have a median rent of $750 while Units have a median rent of $640.
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