Property Details for Lot 70 Cypress Pines Dr, Miles
Last Listing description (December 2021)
Developers, Builders and Investors, nows the time to act on this very rare piece of real estate located in The Pines Estate in Miles. This 3793sqm parcel of land has been covenanted by the developer for multi-unit dwellings, the current town plan allows for 12 units.
The property is situated within the Residential Zone of the town plan and your application would be code accessible.
The Real Estate Institute of Queensland analysed Australian Bureau of Statistics figures, and said Miles had the highest rental yields in Queensland over the last 12 months, at 9.3%.
Most of Stage 1 has sold out and stage 2 is expected to be completed in early 2014. With Miles experiencing close to Nil Vacancy rates, now is the time to act. The price includes GST.
For further information on this PRIME real estate opportunity be sure to contact Warren Barker today on 0429 893 099.
Property History for Lot 70 Cypress Pines Dr, Miles, QLD 4415
- 19 Jun 2018Listed for Sale $880,000
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0About Miles 4415
The size of Miles is approximately 437.8 square kilometres. It has 8 parks covering nearly 0.2% of total area. The population of Miles in 2011 was 1,853 people. By 2016 the population was 1,731 showing a population decline of 6.6% in the area during that time. The predominant age group in Miles is 0-9 years. Households in Miles are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Miles work in a trades occupation. In 2011, 63% of the homes in Miles were owner-occupied compared with 47% in 2016.
Miles has 1,282 properties. Over the last 5 years, Houses in Miles have seen a 157.03% increase in median value, while Units have seen a 35.55% increase. As at 31 October 2024:
- The median value for Houses in Miles is $260,451 while the median value for Units is $295,838.
- Houses have a median rent of $380 while Units have a median rent of $300.
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