SOLD
Sold on 16 May 2024 for $3,050,000

9 Cypress Drive
Emerald QLD 4720

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 2659m2
Sold By
Blue Moon Property Emerald
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Property Details for 9 Cypress Dr, Emerald

9 Cypress Dr, Emerald is a 2 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 2659m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Emerald in the last 12 months.

Building Type
Unit
Land Size
2659m2
Local Government
Central Highlands Regional
Lot/Plan
1/RP612452

Last Listing description (June 2024)

Presenting an unbeatable opportunity to secure a whopping Seventeen low maintenance townhouses in a superbly convenient locale, being positioned directly across from the Emerald Hospital and directly behind McDonald's.

Each residence has been well-designed to harness low maintenance living and upkeep, providing a fantastic foundation for your investment portfolio.

Seventeen townhouse complex available as a whole package, with leases in place;

1/9 Cypress Drive - 5 th Aug 2023 - 4th August 2024 at $1,651.19 monthly (rent increases to $1781.55pm 5/8/24)

2/9 Cypress Drive -16th Feb 2024 - 20th February 2025 at $380 per week from (Rent increases 16th August 2024 - $400.00)

3/9 Cypress Drive - 18th June 2024 - 23rd June 2025 at $330 per week - from (Rent increases 18th June 2024 $360.00)

4/9 Cypress Drive - 16th April 2024 - 1st July 2025 at $1,516.67 per month - from (Rent increases 26th June 2024 - $1564.28 per month)

5/9 Cypress Drive - 5 th June 2024 - 10th June 2025 at $360 per week

6/9 Cypress Drive - 12th July 2024 - 8th September 2025 at $1,477.37 monthly (Rent increases $1564.29pm 3rd September 2024)

7/9 Cypress Drive - 14th June 2024 - 19th June 2025 at $340 per week - (Rent increases 14th June 2024 - $360.00pw)

8/9 Cypress Drive - 22nd June 2024 - 23rd January 2025 at $1651.19 per month - (Rent increases 22nd June 2024 - $1781.55 per month)

9/9 Cypress Drive - 24th May 2024 - 29th May 2025 at $300 per week

10/9 Cypress Drive - 26 th July 2024 - 31st July 2025 at $380 per week (Rent increases 26/7/24 $410pw)

11/9 Cypress Drive - 22nd March 2024 - 20th March 2025 at $360 per week

12/9 Cypress Drive - 5 th August 2023 - 4th August 2024 at $1,477.38 monthly (Rent increases 5/8/24 - $1781.55pm)

13/9 Cypress Drive - 2 nd Aug 2023 - 1st August 2024 at $1,477.38 Monthly (Rent increases $1781.55 on 2/8/24)

14/9 Cypress Drive - 11th June 2024 - 16th June 2025 at $360 per week - (Rent increases from 11th June $410.00 per week)

15/9 Cypress Drive - 17th April 2024 - 16th April 2025 at $1564.28 monthly

16/9 Cypress Drive - 27 th August 2024 - 28th August 2025 at $340 per week (Rent increases to $360pw from 27/8/24)

17/9 Cypress Drive - 17th April 2024 - 22nd April 2025 at $1564.28 per month

- Furniture included for seven of the units- Exceptional investment opportunity for the astute buyer
- Competitive pricing for a great yield potential
- Convenient location, with all amenities within easy access

With the current rental crisis, this is the time to secure this complex whilst the buy in price is still this low! An inspection is a must to fully appreciate all that is on offer. Book your inspection today before it's too late!

For additional information or to arrange your inspection, please contact Selena Berry from Blue Moon TK Property on 0448 880 040.

We have in preparing this information used our best endeavors to ensure that the information contained is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained.

Property Code: 7561

Property History for 9 Cypress Dr, Emerald, QLD 4720

A timeline of how this property has performed in the market
Last Sold
$3,050,000
16 May 2024
Listed for Rent
$280/w
17 Mar 2016
  • 16 May 2024
    Sold for $3,050,000
  • 21 Mar 2024
    Listed for Sale $3,200,000
  • 26 Mar 2019
    Listed for Rent $250 / week
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About Emerald 4720

The size of Emerald is approximately 844.9 square kilometres. It has 32 parks covering nearly 12.5% of total area. The population of Emerald in 2011 was 13,883 people. By 2016 the population was 14,318 showing a population growth of 3.1% in the area during that time. The predominant age group in Emerald is 0-9 years. Households in Emerald are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Emerald work in a trades occupation. In 2011, 56% of the homes in Emerald were owner-occupied compared with 52.2% in 2016.

Emerald has 7,753 properties. Over the last 5 years, Houses in Emerald have seen a 29.57% increase in median value, while Units have seen a 21.88% increase. As at 31 July 2024:

  • The median value for Houses in Emerald is $378,891 while the median value for Units is $217,889.
  • Houses have a median rent of $500 while Units have a median rent of $375.
There are currently 81 properties listed for sale, and 9 properties listed for rent in Emerald on OnTheHouse. According to CoreLogic's data, 582 properties were sold in the past 12 months in Emerald.

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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.