OFF MARKET

17A Cypress Drive
Marsden QLD 4132

Bedrooms: 6
Bathrooms: 3
Car spaces: 4
Floor area: 73m2
Land area: 618m2
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Property Details for 17a Cypress Dr, Marsden

17a Cypress Dr, Marsden is a 6 bedroom, 3 bathroom Unit with 4 parking spaces and was built in 2017. The property has a land size of 618m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
2017
Floor Size
73m2
Land Size
618m2
Local Government
Logan City
Lot/Plan
2/SP236769

Last Listing description (March 2020)

No need to wait for construction, this approximately 2-year-old dual key property is ready to go. A win-win investment with great depreciation, great rent return, all on one title means 1 set of rates.Tenants currently in place in both residences, paying a combined rent amount of $630p/w, the property offers a 6+% return. With room to increase the current rental amounts on future leases, the return offered by the property is substantial. Creative, clever, contemporary: this two-storey brick, light filled dual residence projects significant style throughout its appealing spaces. Positioned on a 618sqm block and conveniently located close to a range of Primary and Secondary Schools, Marsden Park Shopping Centre and Library, dining precincts, as well as Logan Hospital and highway access. The flexibility of this dual home offers an endless array of options, where extended families can reside together without compromising on space or privacy, alternatively, you can live in one home and rent the other, or simply lease both, collect two rents and watch your investment grow. An added bonus is that the property is on one title, meaning no body corporate levies and only one lot of rates to pay.Both residences offer spacious tiled and air-conditioned, central lounge and dining zones, overlooking the modern kitchen with quality appliances. One side offers a four-bedroom configuration, with the master bedroom featuring a generous robe, air-conditioning and an ensuite, as well as, a sparking central bathroom servicing the additional three bedrooms. The other residence offers two bedrooms, with a main bathroom. The fully fenced and low maintenance yard is perfect for professionals as they offer space, without the hassle of a large garden to maintain. Each residence offers a single automatic, lock-up garage and an additional parking space. Ideal from every angle, don't delay as opportunities like this one don't come around often.

Property History for 17a Cypress Dr, Marsden, QLD 4132

A timeline of how this property has performed in the market
Last Sold
$480,000
24 Mar 2020
Listed for Rent
22 Sep 2017
  • 24 Mar 2020
    Sold for $480,000
  • 08 Oct 2019
    Listed for Sale $499,000
  • 12 Sep 2017
    Listed for Rent $300 / week
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About Marsden 4132

The size of Marsden is approximately 6.1 square kilometres. It has 18 parks covering nearly 11.2% of total area. The population of Marsden in 2011 was 11,279 people. By 2016 the population was 14,070 showing a population growth of 24.7% in the area during that time. The predominant age group in Marsden is 0-9 years. Households in Marsden are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Marsden work in a machinery operators and drivers occupation. In 2011, 53.6% of the homes in Marsden were owner-occupied compared with 44.7% in 2016.

Marsden has 5,270 properties. Over the last 5 years, Houses in Marsden have seen a 97.43% increase in median value, while Units have seen a 107.07% increase. As at 31 October 2024:

  • The median value for Houses in Marsden is $714,104 while the median value for Units is $571,677.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 46 properties listed for sale, and 19 properties listed for rent in Marsden on OnTheHouse. According to CoreLogic's data, 283 properties were sold in the past 12 months in Marsden.

Suburb Insights for Marsden 4132

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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.