123 Oleander St, Holloways Beach is a 6 bedroom, 3 bathroom House with 3 parking spaces and was built in 1987. The property has a land size of 647m2 and floor size of 198m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Every now and then a property comes along that just makes sense. Located just one street back from beautiful Holloways Beach is this triplex that is all on one title. Thats right - a triplex with no BC fees. Rare as rocking horse poop.
Featuring three x 2 bedroom and 1 bathroom units on ground level, all units have spacious private patios to the front and rear and have their own carports. There is a convenient walkway to access the rear units.
The units themselves have main living areas that are air conditioned and these are large enough to cool the entire apartment.
With varying degrees of improvements there is scope to upgrade the units to increase the rental return. Currently fully leased with tenancies set to end early in 2023, our Property Management team estimate that the units will return approx. $350pw each in the current condition. With some upgrades estimted rent would be around $400pw
The numbers that matter:
Current income $43,160
Estimated Income as is $54,600
Estimated income with improvements $62,400
Council Rates approx $8k
BC fees NIL
The size of Holloways Beach is approximately 5.6 square kilometres. It has 11 parks covering nearly 6.4% of total area. The population of Holloways Beach in 2011 was 2,283 people. By 2016 the population was 2,365 showing a population growth of 3.6% in the area during that time. The predominant age group in Holloways Beach is 50-59 years. Households in Holloways Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Holloways Beach work in a professional occupation. In 2011, 57.3% of the homes in Holloways Beach were owner-occupied compared with 57.2% in 2016.
Holloways Beach has 1,432 properties.
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