Property Details for 2/8 Outcrop Rise, Cosgrove
2/8 Outcrop Rise, Cosgrove is a 2 bedroom, 1 bathroom Unit.
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:
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
- 29 Apr 2022Listed for Sale $599,000
- 04 Jul 2017Listed 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 378 properties. Over the last 5 years, Houses in Cosgrove have seen a 63.99% increase in median value. As at 31 August 2024:
- The median value for Houses in Cosgrove is $568,625 while the median value for Units is $526,799.
- Houses have a median rent of $520.
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