OFF MARKET

2/8 Outcrop Rise
Cosgrove QLD 4818

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Last updated 11 Nov 2024
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Property Details for 2/8 Outcrop Rise, Cosgrove

2/8 Outcrop Rise, Cosgrove is a 2 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Townsville City

Last Listing description (September 2022)

Nestled in the ever growing and popular suburb of Cosgrove is a perfect investment opportunity, a lowset Duplex to be sold as one property with no Body Corporate Fees and with the potential for strata, subject to Townsville City Council Approval. This property was built in approximately 2013 on a 580sqm block. Both units feature a near new design and offer 2 bedrooms, 1 bathroom and a single car garage. This property is situated in a convenient and highly sought after estate with a 6 minute drive to North Shore Marketplace, a selection of fantastic schools and a 14 minute drive to Townsville's CBD.

With both units having long term tenants in place, Unit 1 currently returns $350 per week and Unit 2 currently returns $300 per week.

Both units feature:

2 Bedrooms
1 Bathroom
Built in robes
Total area under roof: 245sqm
Split systems throughout
Open plan design, encompassing kitchen, living and dining
Automatic single garage
Gas cooktop
Tiled outdoor patio
External laundry
Stainless Appliances

UNIT 1 LEASE DETAILS:
15/07/2021 - 15/07/2023
$350 per week

UNIT 2 LEASE DETAILS:
11/07/2021 - 11/07/2022
$300 per week

Property History for 2/8 Outcrop Rise, Cosgrove, QLD 4818

A timeline of how this property has performed in the market
Listed for Rent
$280/w
28 Jul 2017
  • 29 Apr 2022
    Listed for Sale $599,000
  • 04 Jul 2017
    Listed for Rent $280 / week

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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.

Suburb Insights for Cosgrove 4818

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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.