OFF MARKET

19 Outcrop Rise
Cosgrove QLD 4818

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 109m2
Land area: 277m2
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Property Details for 19 Outcrop Rise, Cosgrove

19 Outcrop Rise, Cosgrove is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2014. The property has a land size of 277m2 and floor size of 109m2.

Building Type
House
Year Built
2014
Floor Size
109m2
Land Size
277m2
Local Government
Townsville City
Lot/Plan
2/SP273480

Last Listing description (May 2022)

Have you been looking for a set and forget investment opportunity? How about a property that allows you to live in one side and earn a solid income from the other side? Whatever your desire, this property at 19 Outcrop Rise, Cosgrove is one you need to acquire.

The duplex is strata titled making it possible to sell one in the future without the added expense. The floorplan of the units offers a great design which maximises space, security, and privacy and is nicely tucked away in a quiet pocket of Cosgrove Estate making it highly desirable for future tenants.

Each Unit Features:

- Spacious master bedroom complete with split system air-conditioning, walk in robe and private ensuite
- Bedrooms 2 & 3 feature ceiling fans and built-in robes
- Large airconditioned open plan living/dining area
- Galley style kitchen featuring stone benches, ample storage, and quality stainless steel appliances.
- Main bathroom offers a shower and a separate tub
- Separate toilet
- Internal laundry
- Covered alfresco area
- Singe secure car accommodation

Unit 1 has just been rented for $400 per week on a 12-month lease and Unit 2 is currently rented for $340 per week until 15.07.2022 to great tenants.

Conveniently located only minutes to popular schools and shops and approximately 12 minutes to the Townsville CBD.

Investors, capitalise on the high rents and very low vacancy rates in Townsville. This property is seven years old and showing great returns making it the perfect set and forget investment property.

For further information or to arrange an inspection, please contact Adrian Raiteri on 0427 673 612

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Property History for 19 Outcrop Rise, Cosgrove, QLD 4818

A timeline of how this property has performed in the market
Listed for Rent
$300/w
13 Dec 2018
  • 09 Mar 2022
    Listed for Sale High $500,000 Offers Considered
  • 12 Nov 2018
    Listed for Rent $300 / week
  • 06 Sep 2018
    Listed for Rent - Price not available
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About Cosgrove 4818

The size of Cosgrove is approximately 3.6 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Cosgrove in 2011 was 164 people. By 2016 the population was 280 showing a population growth of 70.7% in the area during that time. The predominant age group in Cosgrove is 20-29 years. Households in Cosgrove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cosgrove work in a trades occupation. In 2011, 52.1% of the homes in Cosgrove were owner-occupied compared with 31.8% in 2016.

Cosgrove has 377 properties. Over the last 5 years, Houses in Cosgrove have seen a 75.98% increase in median value, while Units have seen a 462.89% increase. As at 31 October 2024:

  • The median value for Houses in Cosgrove is $601,715 while the median value for Units is $638,041.
  • Houses have a median rent of $525.
There are currently 3 properties listed for sale, and 4 properties listed for rent in Cosgrove on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Cosgrove.

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