OFF MARKET

3 Hardy Avenue
Park Avenue QLD 4701

Bedrooms: 7
Bathrooms: 7
Car spaces: -
Land area: 1223m2
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Property Details for 3 Hardy Ave, Park Avenue

3 Hardy Ave, Park Avenue is a 7 bedroom, 7 bathroom Unit. The property has a land size of 1223m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Land Size
1223m2
Local Government
Rockhampton Regional
Lot/Plan
10/RP825988

Last Listing description (December 2022)

Opportunity knocks with 7 studio-style flats currently returning a gross yield of $63,700 per annum to attract investor interest. Each flat offers a 3.0m x 6.5m living and sleeping space with timber floors, ceiling fans and air-conditioning, with a basic kitchen and bathroom and common laundry facilities. There's certainly scope for an upgrade, or just continue collecting rent as is. The complex was built in 1970 and is handy to all amenities.
-Low-set, 1970 complex of 7 conjoined studio-style flats
-Open-plan 6.5 x 3.0 living/sleeping space with timber floor

-Basic kitchens with electric stove and small dining space
-Basic bathrooms with shower, vanity, WC and towel cupboard
-Air con & 2 ceiling fans in living areas, fully security screened
-Front landing to all flats, full length deck out back door
- Common laundry facilities with small concreted parking area & plenty of off street parking
-Brand new roof, 1223m2 fenced block, owners do maintenance
-Quiet residential location handy to public transport and shops
-Gross rent return of $1225pw ($63,700pa) = 9.8% on asking price

Property History for 3 Hardy Ave, Park Avenue, QLD 4701

A timeline of how this property has performed in the market
Last Sold
$640,000
18 Oct 2021
  • 18 Oct 2021
    Sold for $640,000
  • 08 Sep 2021
    Listed for Sale $650,000
  • 04 Feb 2004
    Sold for $340,000
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About Park Avenue 4701

The size of Park Avenue is approximately 4.6 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Park Avenue in 2011 was 5,366 people. By 2016 the population was 5,089 showing a population decline of 5.2% in the area during that time. The predominant age group in Park Avenue is 20-29 years. Households in Park Avenue are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Park Avenue work in a trades occupation. In 2011, 60.3% of the homes in Park Avenue were owner-occupied compared with 61.8% in 2016.

Park Avenue has 2,677 properties. Over the last 5 years, Houses in Park Avenue have seen a 104.47% increase in median value, while Units have seen a 63.82% increase. As at 31 December 2024:

  • The median value for Houses in Park Avenue is $438,182 while the median value for Units is $386,988.
  • Houses have a median rent of $480 while Units have a median rent of $350.
There are currently 9 properties listed for sale, and 6 properties listed for rent in Park avenue on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Park avenue.

Suburb Insights for Park Avenue 4701

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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.