SOLD
RECENT ADVICE
Sold on 26 Mar 2024 for $1,070,000

16 Wright Street
Maroochydore QLD 4558

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 607m2
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Property Details for 16 Wright St, Maroochydore

16 Wright St, Maroochydore is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 607m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Maroochydore in the last 12 months.

Building Type
House
Land Size
607m2
Local Government
Sunshine Coast Regional
Lot/Plan
36/RP78177

Last Listing description (March 2024)

Here lies an exceptional opportunity to land bank for high-density development in the highly sought-after Maroochydore area. The property spans across a generous 607 square meters of land, providing ample space for a development project. With rumors of the new town plan becoming more favorable, this is an exciting option.

- Current Height Limit is 12 meters*
- Permitted Site Coverage is 40% of 607m2*

- 243m2 per level*
- Set backs of 6m front, 2m sides and 2m rear*

*All Subject to Council Approval

With its ideal location, proximity to key amenities, and the current trend towards high-density living, this property site represents a lucrative investment opportunity. Whether for rental income or resale value, a well-designed and thoughtfully executed development on this site is likely to attract strong interest from buyers and tenants alike.

Situated just a 5-minute walk away from the river front and the popular Ocean Street precinct, residents of this development will have easy access to a range of recreational activities, dining options, and entertainment venues. The beautiful beaches of Maroochydore are also within a short walking distance, allowing residents to enjoy the sun, sand, and surf at their convenience.

Additionally, the property's proximity to Cotton Tree and the new Maroochydore CBD ensures that residents will have access to a wide array of retail, dining, and commercial offerings. Don't delay on your chance capitalize on the growing demand for urban living in this vibrant coastal region!

Please get in touch for more information including feasibility documents and plans.

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Property History for 16 Wright St, Maroochydore, QLD 4558

A timeline of how this property has performed in the market
Last Sold
$1,070,000
26 Mar 2024
Listed for Rent
$500/w
28 Jun 2023
  • 26 Mar 2024
    Sold for $1,070,000
  • 15 Jun 2023
    Listed for Rent $500 / week
  • 29 May 2023
    Listed for Sale Submit All Offers
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About Maroochydore 4558

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 14,401 properties. Over the last 5 years, Houses in Maroochydore have seen a 69.81% increase in median value, while Units have seen a 78.60% increase. As at 31 July 2024:

  • The median value for Houses in Maroochydore is $1,077,105 while the median value for Units is $824,521.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 169 properties listed for sale, and 87 properties listed for rent in Maroochydore on OnTheHouse. According to CoreLogic's data, 718 properties were sold in the past 12 months in Maroochydore.

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