12 Richards St, Maroochydore is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 607m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in July 2018.
Zoned for high density re-development, this Cotton Tree property really is "one of a kind".
On a quiet street just metres to the Maroochydore beachfront and a short walk to Cotton Tree Village, the location of this development opportunity can only be described as exceptional.
With the option to develop anywhere from three townhouses to nine apartments, (subject to the required approvals) this property does also include a renovated four bedroom home and pool generating up to $50,000 per annum in rental income.
The property features include:
607m2 block
High density residential zoning
Metres to Maroochydore Beach
Short walk to Cotton Tree Village
Renovated four bedroom, two bathroom fibro property
Rental Income of approx $50,000 per annum
My sellers are motivated with a genuine reason for sale, so please make an offer and don't miss out.
*** Please note that one of the photos is an artists impression of what could potentially be built on this property subject to all the required Council approvals **
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607m2 block
High density residential zoning
Metres to Maroochydore Beach
Short walk to Cotton Tree Village
Renovated four bedroom, two bathroom fibro property
Rental Income of approx $50,000 per annum
The size of Maroochydore is approximately 12.6 square kilometres. It has 31 parks covering nearly 17% of total area. The population of Maroochydore in 2011 was 14,445 people. By 2016 the population was 16,764 showing a population growth of 16.1% in the area during that time. The predominant age group in Maroochydore is 20-29 years. Households in Maroochydore are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Maroochydore work in a professional occupation. In 2011, 50.4% of the homes in Maroochydore were owner-occupied compared with 49% in 2016.
Maroochydore has 14,278 properties. Over the last 5 years, Houses in Maroochydore have seen a 73.59% increase in median value, while Units have seen a 80.66% increase. As at 31 October 2024:
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