1/8 Hughes St, Hermit Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 149m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
The front unit of a well-maintained duplex this neat and tidy 2-bedroom unit will appeal to both the owner occupier and the investor. Offering a popular, convenient location and a practical layout this property presents the perfect opportunity for the astute buyer. No Body Corporate fees with each owner responsible for their insurance and yard maintenance. For the investor this property has the potential to achieve a rental return of approximately $300 including yard maintenance or $270 with the tenant maintaining the yard.
The quiet location and easy access to essential services is the real drawcard here just minutes from shops, public transport, schools, dining and entertainment options this pocket of Hermit Park has a lot to offer.
Property Features:
Location:
Minutes from Hermit Park Shopping Centre, public transport and RSL
Close to St Margaret College and Hermit Park State School
Short drive to the city and the Strand
Easy access to speciality stores & professional services on Charters Towers Road
* Virtual Furniture used for marketing purposes.
The size of Hermit Park is approximately 2.2 square kilometres. It has 5 parks covering nearly 26.4% of total area. The population of Hermit Park in 2011 was 3,520 people. By 2016 the population was 3,423 showing a population decline of 2.8% in the area during that time. The predominant age group in Hermit Park is 20-29 years. Households in Hermit Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hermit Park work in a professional occupation. In 2011, 48.1% of the homes in Hermit Park were owner-occupied compared with 47% in 2016.
Hermit Park has 2,077 properties. Over the last 5 years, Houses in Hermit Park have seen a 83.36% increase in median value, while Units have seen a 51.88% increase. As at 31 July 2024:
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