8 Seventh AvenueParkside QLD 4825
Property Details for Lot 59/8 Seventh Ave, Parkside
Lot 59/8 Seventh Ave, Parkside is a 11 bedroom, 7 bathroom Unit. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (October 2023)
Solidly constructed, and in a great neighbourhood close to local schools, is this block of seven units. Currently bringing in over $60,000 per annum this could be just the investment you have been searching for to add to your portfolio.
Comprising seven units, with four x one bedroom, one bathroom units on the ground floor; all with modular kitchens, split system cooling, built in robes to the bedroom and tiled flooring throughout. Whilst the upper floor is made up of two x two bedroom, one bathroom units with modular kitchens, some split system cooling, and a combination of carpeted and vinyl flooring throughout. The final unit (number 7) is located to the rear of the second floor and offers three bedrooms with built in robes and fans, a modular kitchen and split system air-condition to the living area.
Already offering excellent returns you can enjoy a great income as they are but, there is plenty of scope to make improvements to the units and increase returns further. This exciting investment prospect is ready for a new owner so call the office today for more information.
Disclaimer: Matter Property has taken every care to ensure the information provided herein is correct, we do not take responsibility nor accept any liability for any errors, omissions or inaccuracies, including but not limited to property dimensions, floor plans, land size, building age etc). Accordingly, all interested partied should conduct their own enquiries to verify the information provided and seek their own legal advice.
Property History for Lot 59/8 Seventh Ave, Parkside, QLD 4825
- 12 Sep 2023Sold for $520,000
- 31 Mar 2023Listed for Sale $559,000
- 19 Jan 2021Listed for Rent $160 / week
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0About Parkside 4825
The size of Parkside is approximately 1.5 square kilometres. It has 7 parks covering nearly 12% of total area. The population of Parkside in 2011 was 1,784 people. By 2016 the population was 1,519 showing a population decline of 14.9% in the area during that time. The predominant age group in Parkside is 20-29 years. Households in Parkside are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkside work in a trades occupation. In 2011, 53.1% of the homes in Parkside were owner-occupied compared with 48.2% in 2016.
Parkside has 860 properties. Over the last 5 years, Houses in Parkside have seen a 16.73% increase in median value, while Units have seen a -18.27% decrease. As at 31 October 2024:
- The median value for Houses in Parkside is $253,068 while the median value for Units is $252,065.
- Houses have a median rent of $460 while Units have a median rent of $320.
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