OFF MARKET

6 Nightcap Lane
Fitzgibbon QLD 4018

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 96m2
Land area: 124m2
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Last updated 28 Oct 2024
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Property Details for 6 Nightcap Lane, Fitzgibbon

6 Nightcap Lane, Fitzgibbon is a 0 bedroom, 0 bathroom Unit with 2 parking spaces and was built in 2014. The property has a land size of 124m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in November 2012.

Building Type
Unit
Year Built
2014
Floor Size
96m2
Land Size
124m2
Local Government
Brisbane
Lot/Plan
3180/SP251880

Last Listing description (October 2022)

The Johnny Lin team would like to present this incredible investment opportunity. Our team has been selling in Fitzgibbon for over 15 years and has only come across this type of opportunity a handful of times.
Presenting 2 separate properties on one title that is FREEHOLD (no body corp.) with individual street frontages and entrances (34 Warrumbungle Pde and 6 Nightcap Lane). Accessed from 6 Nightcap Lane the property features a 3 bedroom, 2.5 bathroom townhouse with space for 2 cars. Accessed from 34 Warrumbungle Parade is a separate self-contained studio unit situated across the street from a park.
Both properties are currently rented out as part of the NRAS which will end in December 2023. As the property is a dual-key property, each dwelling (the studio and the townhouse) receives its own NRAS incentive. The remaining NRAS incentive is approx.. $25,500 (tax free Government incentives, based on settlement by October 2022).

After the Tenancy ends you can move into one and rent out the other for extra income.
Here is some extra information provided by the owners (please do your own research)
Rates and Water average:

Water: $1,600 (approx.. pa)
Rates: $2,000 (approx.. pa)

Current NRAS Rent:
Studio $183.00pw until May 2023
3 Bedroom townhouse $307.00pw until December 2022
Total Rent per Annum = $25,480 (plus the NRAS incentive as above)

Rent after NRAS (from December 2023):
Studio Unit: $280.00pw
3 Bedroom townhouse: $480.00pw
Total $760.00pw or $39,520.00 per annum
Potentially 5.7-6% rental return

You can research the NRAS here https://www.dss.gov.au/housing-support/programs-services/housing/national-rental-affordability-scheme/nras-investors

If you do not want to miss out on this opportunity, we recommend you contact us right away as this will not last long.

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Property History for 6 Nightcap Lane, Fitzgibbon, QLD 4018

A timeline of how this property has performed in the market
Last Sold
$73,800
16 Nov 2012
Listed for Rent
$290/w
08 Oct 2018
  • 29 Sep 2022
    Listed for Sale Offers Over $639,000
  • 21 Jun 2022
    Listed for Sale Offers over $679,000
  • 06 Sep 2018
    Listed for Rent - Price not available
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About Fitzgibbon 4018

The size of Fitzgibbon is approximately 3.1 square kilometres. It has 12 parks covering nearly 25.4% of total area. The population of Fitzgibbon in 2011 was 3,287 people. By 2016 the population was 5,646 showing a population growth of 71.8% in the area during that time. The predominant age group in Fitzgibbon is 30-39 years. Households in Fitzgibbon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fitzgibbon work in a professional occupation. In 2011, 65.9% of the homes in Fitzgibbon were owner-occupied compared with 62.7% in 2016.

Fitzgibbon has 2,646 properties. Over the last 5 years, Houses in Fitzgibbon have seen a 68.13% increase in median value, while Units have seen a 93.85% increase. As at 30 September 2024:

  • The median value for Houses in Fitzgibbon is $751,923 while the median value for Units is $622,898.
  • Houses have a median rent of $595 while Units have a median rent of $510.
There are currently 25 properties listed for sale, and 11 properties listed for rent in Fitzgibbon on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Fitzgibbon.

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