OFF MARKET

57 Cassia Avenue
Coolum Beach QLD 4573

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 77m2
Land area: 683m2
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Property Details for 57 Cassia Ave, Coolum Beach

57 Cassia Ave, Coolum Beach is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 683m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
House
Year Built
1980
Floor Size
77m2
Land Size
683m2
Local Government
Sunshine Coast Regional
Lot/Plan
82/RP91154

Last Listing description (October 2021)

HOT PROPERTY OPPORTUNITY. A potential upgraded development opportunity for investors and homeowners this dual living residence is a rare find in the heart of Coolum Beach.

The existing rendered brick residence at the front of the home can be expanded both at ground level and up to a second story.

The rear residence is a fully approved, modern granny flat with an attached 6m x 9m Double Garage and Workshop space. The potential monthly income for both dwellings is $4000 plus.

Located, in a quiet street, just a short, flat walk 1.2 km to the caf's, restaurants, clubs and the beachfront in Coolum.

Investors can expect a 4% return on investment based on our current rental analysis and even more with some internal upgrades to the front residence.

A new inground pool in the rear garden separates the two residences.

The front house boasts three bedrooms, one bathroom, kitchen, laundry, central living area with polished concrete floors and a double car garage space that is currently being used as a single lock up garage and workshop space.

A covered BBQ/patio beside the kitchen leads to a large garden and a 20,000-litre inground pool at the rear.

The rendered brick exterior and pitched roof provide a great baseline for future improvements.

The second residence, a newly built one-bedroom townhouse at the rear of the property, boasts high ceilings, polished concrete floors (on the lower level) and a large open plan kitchen/dining and living area. A generous 6m x 9m garage is also attached and comfortably provides space for two large cars and any other garden tooling or large recreational equipment. Two slimline water tanks to catch rainwater off the large, pitched roof are located on the boundary of the property.

Other features of the townhouse include.
White gloss cabinetry.
5 x burner gas cooktop with an electric oven.
Stainless steel benchtops.
Large stainless steel double door fridge and matching stainless steel dishwasher.
Laundry facilities with washer/dryer included.
Mezzanine styled upstairs master bedroom.
Built-in wardrobes.
Modern styled ensuite
room
built-in BBQ and wet bar.

All dwellings on the property are council approved and have the capacity to be share-leased.

This is a rare dual living opportunity in central Coolum, and we are excited to present this property to the market.

Property History for 57 Cassia Ave, Coolum Beach, QLD 4573

A timeline of how this property has performed in the market
Last Sold
$1,180,000
16 Aug 2021
Listed for Rent
$450/w
03 Dec 2015
  • 16 Aug 2021
    Sold for $1,180,000
  • 29 Apr 2021
    Listed for Sale Offers Over $1,200,000
  • 12 Nov 2015
    Listed for Rent - Price not available
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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 6,300 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.
There are currently 76 properties listed for sale, and 17 properties listed for rent in Coolum beach on OnTheHouse. According to CoreLogic's data, 255 properties were sold in the past 12 months in Coolum beach.

Suburb Insights for Coolum Beach 4573

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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.