OFF MARKET

514/7 Venning Street
Mooloolaba QLD 4557

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 57m2
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Last updated 30 Sep 2024
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Property Details for 514/7 Venning St, Mooloolaba

514/7 Venning St, Mooloolaba is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 57m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
2000
Floor Size
50m2
Land Size
57m2
Local Government
Sunshine Coast Regional
Lot/Plan
514/SP111207

Last Listing description (November 2015)

This is a rare find... One of the only fully tiled 1 bedroom apartments in the Mantra building, also available as a dual key purchase to maximize flexibility and returns. The apartment has recently been completely re-floored with beautiful new tiles, and is one of the more unique floor plans that offers a galley style kitchen that can be VERY easily modified to provide the full kitchen facilities that all the others lack.
The fifth floor position still gives you good ocean views that will never be built out, and an outlook that's remarkably quiet while getting great morning sunlight. The unit is currently rented to a permanent tenant, however the lease is flexible should you want to return to the holiday letting pool or make use of it for yourself. This is also one of the few designs that has a large private walk-in shower as opposed to the smaller spa feature.
The dual key option means this apartment can be purchased along with the adjacent one, giving you a setup that's both larger than a standard 2 bedroom apartment AND makes a better overall return. You could have the kids or relatives stay in one apartment, while you use the one next door, or open up the balcony gate, lock the exclusive front door area off for privacy and turn it all into one big 2 bedroom / 2 bathroom setup. Only a dual key setup can offer that kind of flexibility.

The owners are keen to make a move on property elsewhere, so make a move while the market is still down and secure yourself a great little investment for the future!
Property Code: 323

Property History for 514/7 Venning St, Mooloolaba, QLD 4557

A timeline of how this property has performed in the market
Last Sold
$525,000
08 Sep 2023
Listed for Rent
$330/w
16 Oct 2012
  • 08 Sep 2023
    Sold for $525,000
  • 14 Jul 2015
    Sold for $250,000
  • 13 Jan 2014
    Listed for Sale $295,000 Negotiable
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About 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 6,958 properties. Over the last 5 years, Houses in Mooloolaba have seen a 77.17% increase in median value, while Units have seen a 81.24% increase. As at 31 August 2024:

  • The median value for Houses in Mooloolaba is $1,576,399 while the median value for Units is $860,890.
  • Houses have a median rent of $740 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 21 properties listed for rent in Mooloolaba on OnTheHouse. According to CoreLogic's data, 327 properties were sold in the past 12 months in Mooloolaba.

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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.