SOLD
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Sold on 09 Aug 2024 for $1,030,000

862 South Pine Road
Everton Park QLD 4053

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Land area: 408m2
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Property Details for 862 South Pine Rd, Everton Park

862 South Pine Rd, Everton Park is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 408m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom House sold in Everton Park in the last 12 months.

Building Type
House
Land Size
408m2

Last Listing description (August 2024)

Attention investors! A prime opportunity awaits at 862 South Pine Road, a purpose-built duplex offering an exceptional return on investment. Marketed exclusively by Justin Hicks, this property features an over-and-under duplex with a three-bedroom, two-bathroom unit upstairs and a two-bedroom, one-bathroom unit downstairs. With a potential rental income of over $1,000 per week, this property is an ideal addition to any investor's portfolio.

Property Highlights

- Upstairs Unit: A spacious three-bedroom, two-bathroom unit currently rented for $550 per week until 10/08/2024, then $585 per week till 10/08/25. This unit includes three living areas, modern finishes, and a secure double garage.


- Downstairs Unit: A well-appointed two-bedroom, one-bathroom unit currently rented for $385 per week until 04/11/2024, with a rental appraisal of $425-$450 per week. This unit offers a private entrance and ample living space, perfect for attracting quality tenants.

Investment Benefits:

- High Rental Yield: Achieve a robust rental return exceeding $1,000 per week, providing a steady income stream and helping to offset mortgage repayments.

- Separate Entrances: Each unit has its own entrance, ensuring privacy and independence for tenants, which enhances tenant satisfaction and retention.

- Quality Finishes: Both units feature modern, high-quality finishes that attract premium tenants and reduce maintenance costs.

- Ample Parking: The property includes a remote double garage with rear garden access for the upstairs unit, street parking options for the downstairs unit.

- Convenient Location: Situated near local schools, the CBD, and Everton Park Plaza, this property is in a desirable location that appeals to a broad range of tenants.

Current Tenancy Details:

- Upstairs Unit: 3 bedrooms, 2 bathrooms, 2 garages-currently rented for $550 per week until 10/08/2024, then $585 per week till 10/08/25

- Downstairs Unit: 2 bedrooms, 1 bathroom-currently rented for $385 per week until 04/11/2024. (Current rental appraisal: $425-$450 per week)

This property is ready for investors seeking a low-maintenance, high-yield investment. Don't miss out on the opportunity to secure a solid investment in a sought-after location.

Contact Justin Hicks today to arrange your inspection and learn more about this outstanding investment opportunity at 862 South Pine Road.

"All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries."

Property History for 862 South Pine Rd, Everton Park, QLD 4053

A timeline of how this property has performed in the market
Last Sold
$1,030,000
09 Aug 2024
Listed for Rent
$525/w
04 Aug 2022
  • 27 Jul 2024
    Sold for $1,030,000
  • 29 Apr 2024
    Listed for Sale Under Contract :)
  • 11 May 2022
    Listed for Sale Fully leased for $850 per week
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About Everton Park 4053

The size of Everton Park is approximately 4.4 square kilometres. It has 16 parks covering nearly 8.1% of total area. The population of Everton Park in 2011 was 8,325 people. By 2016 the population was 8,870 showing a population growth of 6.5% in the area during that time. The predominant age group in Everton Park is 20-29 years. Households in Everton Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Everton Park work in a professional occupation. In 2011, 66.9% of the homes in Everton Park were owner-occupied compared with 61% in 2016.

Everton Park has 5,315 properties. Over the last 5 years, Houses in Everton Park have seen a 77.11% increase in median value, while Units have seen a 78.50% increase. As at 30 November 2024:

  • The median value for Houses in Everton Park is $1,100,539 while the median value for Units is $679,377.
  • Houses have a median rent of $670 while Units have a median rent of $575.
There are currently 22 properties listed for sale, and 22 properties listed for rent in Everton park on OnTheHouse. According to CoreLogic's data, 267 properties were sold in the past 12 months in Everton park.

Suburb Insights for Everton Park 4053

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Justin Hicks
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Ian Weaving
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Hicks Real Estate
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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.