OFF MARKET

14/152-164 Pascoe Road
Ormeau QLD 4208

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 112m2
Land area: 166m2
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Property Details for 14/152-164 Pascoe Rd, Ormeau

14/152-164 Pascoe Rd, Ormeau is a 4 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2011. The property has a land size of 166m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Townhouse
Year Built
2011
Floor Size
112m2
Land Size
166m2
Local Government
Gold Coast City
Lot/Plan
14/SP221224

Last Listing description (March 2023)

Back on the market due to buyer unable to get finance, get in quick.

This very well presented 4-bedroom townhouse located in a prime position opposite the pool area in this security gated complex, plus a long-term tenant in place that is returning a solid $445 p/w income with an extra option on the lease to secure your investment. If the rental market keeps the current trend the next lease due in March should be around $600 p/w.

Body corp fees approx. $66 p/w

Council rates and water approx. $45 p/w

Rent $445 p/w (next lease should go to approx. $600 p/w)

Purchase price Offers over $509 000

Gross Yield 4.54 % *

Property description:

* 4 bedrooms, 3 bedrooms with mirrored built-Ins and shelves, master bedroom with ensuite, mirrored built-ins plus air con.

* All bedrooms with ceiling fans.

* 3 toilets (main bathroom with bath and separate shower plus ensuite, downstairs separate toilet powder room)

* Air conditioning in living room and master bedroom.

* Ceramic tiled open plan living and dining areas with ceiling fan and air con.

* Modern kitchen with Stone bench tops, overhead cupboards, stainless steel dishwasher, range hood and gas stove top.

* Large quality storage under the staircase & large storage cupboard in garage

* Intern laundry

* Alarm and intercom system

* Wired with 2 Foxtel points and high-speed Cable Internet

* Flyscreen's to all windows

* Double remote lock up garage with extra sealed storage area

* Spacious landscaped fully fenced private rear garden with rainwater tank with covered patio area.

* Security gated complex with large community covered entertainment area with a stainless-steel electric BBQ and serving areas, plus in ground pool

* Walk to Bus, day-care centre, schools and shops for tenants convenience

* Great onsite managers to protect and grow your investment

* Built on 2012.

Watch your investment portfolio grow with excellent presentation to the complex and complimented by lush landscaping, walk to shops, transport and schools for tenants ease makes this is a must, act now.

* Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures provided to Onsite Property and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property, its principal's, agents, or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.

Property History for 14/152-164 Pascoe Rd, Ormeau, QLD 4208

A timeline of how this property has performed in the market
Last Sold
$518,000
13 Sep 2022
Listed for Rent
$430/w
06 Sep 2019
  • 14 Mar 2023
    Listed for Sale Offers over $509 000
  • 13 Oct 2022
    Listed for Sale SOLD - $518,000
  • 13 Sep 2022
    Sold for $518,000
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About Ormeau 4208

The size of Ormeau is approximately 16.4 square kilometres. It has 33 parks covering nearly 12.2% of total area. The population of Ormeau in 2011 was 12,438 people. By 2016 the population was 14,466 showing a population growth of 16.3% in the area during that time. The predominant age group in Ormeau is 0-9 years. Households in Ormeau are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ormeau work in a trades occupation. In 2011, 63.2% of the homes in Ormeau were owner-occupied compared with 63.6% in 2016.

Ormeau has 6,625 properties. Over the last 5 years, Houses in Ormeau have seen a 85.13% increase in median value, while Units have seen a 115.34% increase. As at 31 October 2024:

  • The median value for Houses in Ormeau is $914,477 while the median value for Units is $739,038.
  • Houses have a median rent of $700 while Units have a median rent of $615.
There are currently 53 properties listed for sale, and 31 properties listed for rent in Ormeau on OnTheHouse. According to CoreLogic's data, 312 properties were sold in the past 12 months in Ormeau.

Suburb Insights for Ormeau 4208

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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.