8 Chaplain AvenueManunda QLD 4870
Property Details for 8 Chaplain Ave, Manunda
8 Chaplain Ave, Manunda is a 3 bedroom, 2 bathroom Unit with 6 parking spaces. The property has a land size of 1024m2. While the property is not currently for sale or for rent, it was last sold in April 1995.
Last Listing description (December 2022)
In 8 years of selling real estate, it is safe to say this is one of the most unique and exciting opportunities I have had the pleasure to bring to the market for sale.
The short story is that this property is a council-approved duplex featuring a 2 bedroom lodge-style apartment upstairs with 2 bathrooms and an additional loft-style room, downstairs has just undergone major renovations and includes 3 bedrooms and 2 bathrooms. The duplex sits on a massive 1,024m block complete with a 10m x 8m shed.
The long story is this property has so much on offer and is suitable for so many different purposes.
For the owner occupier, enjoy living upstairs in the truly unique lodge residence which includes two generous-sized bedrooms, a wrap-around deck and a loft-style storage room that overlooks the living area. You could then have family live downstairs or draw an additional income by renting the lower unit out.
For the investors, the scope of potential is huge on this one. Sitting on a huge 1,024m block located just minutes from the Cairns CBD there is the potential to rent the two residences separately generating strong cashflow while you then subdivide the rear of the block to build and further develop the site (council approvals would be required). If you are local you could even rent the two units and utilise the spacious shed for personal use.
The reality is this property really does need to be seen to be appreciated. Give me a call today on 0466 090 016 to book in your inspection or attend one of our advertised open homes.
The Facts-
Year Built: Approx 1990
Council rates: Approx $5,000pa
Upstairs rental appraisal: $440/week
Downstairs rental appraisal: $490/week if shed included
Tenancies: Both units vacant
All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.v
Property History for 8 Chaplain Ave, Manunda, QLD 4870
- 15 Nov 2022Listed for Sale Offers Over $799,000
- 31 Aug 2010Listed for Rent - Price not available
- 29 Apr 2005Listed for Rent - Price not available
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About Manunda 4870
The size of Manunda is approximately 4.2 square kilometres. It has 12 parks covering nearly 16.2% of total area. The population of Manunda in 2011 was 4,963 people. By 2016 the population was 5,400 showing a population growth of 8.8% in the area during that time. The predominant age group in Manunda is 20-29 years. Households in Manunda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manunda work in a community and personal service occupation. In 2011, 39.3% of the homes in Manunda were owner-occupied compared with 38.3% in 2016.
Manunda has 3,105 properties. Over the last 5 years, Houses in Manunda have seen a 53.69% increase in median value, while Units have seen a 88.35% increase. As at 31 October 2024:
- The median value for Houses in Manunda is $540,250 while the median value for Units is $285,137.
- Houses have a median rent of $470 while Units have a median rent of $380.
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