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