OFF MARKET

2/7 Upper Gay Terrace
Kings Beach QLD 4551

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 87m2
Land area: 121m2
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Last updated 11 Nov 2024
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Property Details for 2/7 Upper Gay Tce, Kings Beach

2/7 Upper Gay Tce, Kings Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 121m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Year Built
1981
Floor Size
87m2
Land Size
121m2
Local Government
Sunshine Coast Regional
Lot/Plan
2/BUP4187

Last Listing description (December 2021)

- First floor position with minimal stairs
- Large living area with east facing balcony
- Ocean views to the south, great breezes

- Two bedrooms with built ins and huge bathroom
- 3.7kw Solar for the unit- rare in apartment living
- Rental appraisal of $410- $420 per week
- Perfect for downsizers, weekender or investors
- Well maintained complex of just six apartments
- Five minute walk to patrolled Kings Beach
- Lock up garage with auto door and storage
- Low body corporate of $3,150 per annum

Located just a five minute walk to patrolled Kings Beach, apartment 2/7 Upper Gay Terrace will suit a range or buyers from those looking to down size to the beach, those looking for a weekender or the investor with a great tenant in place who would like to stay on.

Positioned on the first floor (minimal steps) the apartment is located in a very well kept block of just six. The apartment is located at the rear of the building with an easterly aspect and some ocean views to the south.

Featuring a huge open plan living, the apartment has a balcony that runs the full length of the apartment, the perfect place to enjoy a morning coffee and afternoon drink. The kitchen is a functional design with dish washer, pantry and plenty of cupboard space.

There is two bedrooms with ceiling fans, updated carpet and curtains and a huge combined bathroom and laundry with plenty of space.

The complex is well presented being rendered in the past it presents well with the body corporate very active in making sure the complex it kept in great condition. The owner of apartment two has just paid for a 3.7kw solar system to be connected to the apartment- this is extremely rare in apartment living and sure to be a huge money saver in the future.

Currently rented at $380 per week until April this year with a rent increase possible, the tenant would love to stay however a lease renewal hasn't been given allowing the opportunity for owner occupiers to move in- the choice is yours.

This apartment is perfectly positioned just five minute walk to Kings Beach, Ocean front pool and cafes. Shops and restaurants also only minutes away.

Please note the property is currently rented furnished and will be sold furnished, however this can be negotiated- ask agent for more details.

For further information please contact Jake Mackay- 0430 283 293

Property History for 2/7 Upper Gay Tce, Kings Beach, QLD 4551

A timeline of how this property has performed in the market
Last Sold
$440,000
14 Mar 2021
Listed for Rent
$380/w
12 Mar 2019
  • 20 Dec 2021
    Listed for Sale $439,000
  • 14 Mar 2021
    Sold for $440,000
  • 17 Feb 2021
    Listed for Sale $439,000
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About Kings Beach 4551

The size of Kings Beach is approximately 0.6 square kilometres. It has 3 parks covering nearly 12.2% of total area. The population of Kings Beach in 2011 was 2,528 people. By 2016 the population was 2,775 showing a population growth of 9.8% in the area during that time. The predominant age group in Kings Beach is 60-69 years. Households in Kings Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kings Beach work in a professional occupation. In 2011, 40% of the homes in Kings Beach were owner-occupied compared with 43% in 2016.

Kings Beach has 3,148 properties. Over the last 5 years, Houses in Kings Beach have seen a 47.02% increase in median value, while Units have seen a 90.21% increase. As at 31 October 2024:

  • The median value for Houses in Kings Beach is $932,775 while the median value for Units is $857,132.
  • Houses have a median rent of $645 while Units have a median rent of $600.
There are currently 31 properties listed for sale, and 6 properties listed for rent in Kings beach on OnTheHouse. According to CoreLogic's data, 166 properties were sold in the past 12 months in Kings beach.

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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.