17 Marjorie StreetMooloolaba QLD 4557
Property Details for 17 Marjorie St, Mooloolaba
17 Marjorie St, Mooloolaba is a 7 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 506m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 7 bedroom BlockOfUnits sold in Mooloolaba in the last 12 months.
Last Listing description (January 2024)
Located just 400-metres to the beach is this dual level triplex block of three units on a prime 506m2 development site, zoned Medium Density Residential. All currently tenanted, offering a holding income whilst land-banking or planning to build/develop.
The building is of solid brick veneer construction and comprises: 2 x two-bedroom, one-bathroom and 1 x three-bedroom, one-bathroom unit with air-conditioning. All have security screens, ceiling fans, and a balcony; and each has a single lock-up garage.
With zoning allowing for a townhouse style development (or units) with a 12-metre height limit; there is potential to rebuild and further maximise space, opportunity, income, and resale value – particularly if developer strata’s each residence. The site is deep in length and elevated at street/entry level and is fenced at side and rear.
The tenancy agreements expire in March/April 2024, allowing for vacancy (if ready to commence building) – or relet and capitalise on this tight rental market in this in-demand beachside suburb, one of the Sunshine Coast’s most sought-after.
From here it’s a short walk to the beach, Mooloolaba Esplanade dining, local primary school, and the scenic boardwalk linking Alexandra Headland to Mooloolaba; access to Buderim Avenue is quick and easy connecting you to the Sunshine Motorway within minutes.
The Sunshine Coast is experiencing strong population growth, amongst the nation’s highest, with no sign of abating; and Mooloolaba is one of the market’s most consistent performers in terms of capital growth and popularity from renters, owner-occupiers, and investors.
Only 10 minutes to the new, vibrant SunCentral in Maroochydore – the nation’s largest greenfield CBD development, 15 minutes to the airport, and less than 20 minutes to major hospitals – the location is gold, and the future couldn’t look brighter.
Summary of Features:
- Double storey triplex on 506m2 site
- Zoned medium density residential
- Clear development opportunity
- All tenanted until March/April 2024
- Existing building not strata-titled
- 400m to the beach, 600m to Esplanade
- Rebuild to maximise income potential
- Suit investors, developers, land bankers
Property History for 17 Marjorie St, Mooloolaba, QLD 4557
- 29 Jan 2024Sold for $1,900,000
- 14 Nov 2023Listed for Sale Not Disclosed
- 17 Nov 2021Sold for $1,100,000
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0About Mooloolaba 4557
The size of Mooloolaba is approximately 4 square kilometres. It has 11 parks covering nearly 9.1% of total area. The population of Mooloolaba in 2011 was 7,333 people. By 2016 the population was 7,735 showing a population growth of 5.5% in the area during that time. The predominant age group in Mooloolaba is 20-29 years. Households in Mooloolaba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mooloolaba work in a professional occupation. In 2011, 50.4% of the homes in Mooloolaba were owner-occupied compared with 53.3% in 2016.
Mooloolaba has 6,969 properties. Over the last 5 years, Houses in Mooloolaba have seen a 77.48% increase in median value, while Units have seen a 85.94% increase. As at 31 December 2024:
- The median value for Houses in Mooloolaba is $1,659,527 while the median value for Units is $878,421.
- Houses have a median rent of $728 while Units have a median rent of $600.
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