7 Andrew StreetLota QLD 4179
Property Details for 7 Andrew St, Lota
7 Andrew St, Lota is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 2015. The property has a land size of 405m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (January 2022)
This is a rare opportunity you won't want to miss. This purpose built duplex is only 10 years young and offers a 4-5% gross return.
Upstairs is a 2 bedroom, 2 bathroom unit with a single lock up garage. The ground floor unit has 3 bedrooms, 2 bathrooms and a 2 car tandem lock up carport and lovely secure courtyard. The upstairs unit is in front of and above the downstairs unit's car accom, so one is not sitting on top of the other.
The location cannot be overstated. It sits facing parkland on a 405m2 block and is just 3 blocks from the waterfront, 300m to the train station and 450m to Lota State School. The Manly Yacht Club, Wynnum Leagues Club, boat ramps, recreational areas, quality shops and cafes are all close by, offering so many lifestyle benefits..... which is why these units are so popular with quality long term tenants.
It also provides an opportunity for an owner occupier to live in one and rent the other. It could be perfect for someone downsizing, with the benefit of some added income and being able to enjoy the lifestyle features of the area.
Unit 1: Returns $430pw in rent and is leased until 11/2/22
3 bedrooms, 2 bathrooms, 2 car tandem with remote door
Master bedroom has ensuite, built-in robe & ceiling fan
Bedrooms 2 & 3 with built-ins and ceiling fans
Combined living and dining with air-con
Kitchen with electric appliances, pantry and dishwasher
Main bathroom with separate toilet and laundry
Large covered entertaining area with grassed courtyard and garden
Unit 2: Returns $390pw in rent and is leased until 31/5/22
2 bedrooms, 2 bathrooms, 1 car garage
Internal stairs from garage and laundry
Master bedroom has WIR, ensuite and ceiling fan
Bedroom 2 has built-ins and ceiling fan
Main bathroom with shower, vanity and toilet
Kitchen is L-shaped with electric appliances, dishwasher & pantry
Open plan air-conditioned living area
Front balcony
It's rare to find such a high yielding investment property these days so don't delay as it is sure to be snapped up fast. Call Lynette for more info or for inspection times.
Property History for 7 Andrew St, Lota, QLD 4179
- 09 Dec 2021Sold for $900,000
- 05 Dec 2021Listed for Sale For Sale
- 19 Oct 2011Sold for $270,000
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About Lota 4179
The size of Lota is approximately 2 square kilometres. It has 12 parks covering nearly 28.1% of total area. The population of Lota in 2011 was 3,254 people. By 2016 the population was 3,248 showing a population decline of 0.2% in the area during that time. The predominant age group in Lota is 40-49 years. Households in Lota are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lota work in a professional occupation. In 2011, 67.9% of the homes in Lota were owner-occupied compared with 71.5% in 2016.
Lota has 1,327 properties. Over the last 5 years, Houses in Lota have seen a 72.67% increase in median value, while Units have seen a 110.13% increase. As at 30 September 2024:
- The median value for Houses in Lota is $1,142,428 while the median value for Units is $844,258.
- Houses have a median rent of $700 while Units have a median rent of $425.
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