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.
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.
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 6,318 properties.
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