8 Bayview TerraceDeception Bay QLD 4508
Property Details for 8 Bayview Tce, Deception Bay
8 Bayview Tce, Deception Bay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 604m2.
Last Listing description (October 2021)
This well-presented, tidy, and beautifully positioned two-bedroom unit is all about lifestyle and it ticks all of the boxes.
- Overlooking the beach and water
- Close to the best cafes in the area
- Across from parkland and the local library
- Captures wonderful breezes
- Can never be built out
- Lock up storage area
- Belongs to the NRAS scheme until June 2022
- Provides an excellent rental return
- Tenanted with excellent NRAS approved tenants.
This two bedroom, two story unit has a modern kitchen and bathroom and comes with a washer/dryer and dishwasher already installed. It has a large master bedroom with views out to the bay and park area.
Right in the middle of the up-and-coming Deception Bay cafe precinct, it is perfect for the first home buyer or the shrewd investor seeking excellent rental returns.
The combined rent and incentives provided through the NRAS scheme (National Rental Affordability Scheme) sees a total Gross income of $23,750.48 per year - which equates to an outstanding $456.74 per week. The Landlord receives a total rebate of $11,270.50 per annum (Incentive Value of the 2020/21 NRAS year). The NRAS scheme on this building finishes in June 2022 and these figures would need to pro-rated.
At $295,000 this unit really is the best buy around.
Property Code: 1085
Property History for 8 Bayview Tce, Deception Bay, QLD 4508
- 27 Aug 2021Listed for Sale $295,000
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0About Deception Bay 4508
The size of Deception Bay is approximately 19.2 square kilometres. It has 43 parks covering nearly 25.1% of total area. The population of Deception Bay in 2011 was 19,672 people. By 2016 the population was 19,867 showing a population growth of 1.0% in the area during that time. The predominant age group in Deception Bay is 0-9 years. Households in Deception Bay are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Deception Bay work in a labourer occupation. In 2011, 55.7% of the homes in Deception Bay were owner-occupied compared with 56.2% in 2016.
Deception Bay has 8,647 properties. Over the last 5 years, Houses in Deception Bay have seen a 92.99% increase in median value, while Units have seen a 103.65% increase. As at 31 October 2024:
- The median value for Houses in Deception Bay is $723,510 while the median value for Units is $526,686.
- Houses have a median rent of $540 while Units have a median rent of $450.
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