10/8 Tonga PlaceParkwood QLD 4214
Property Details for 10/8 Tonga Pl, Parkwood
10/8 Tonga Pl, Parkwood is a 3 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 72m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (April 2021)
Looking for a high yielding investment property with returns over 6%....Great for superannuation or retirees or simply a positively geared investment property!
"University Village" is a fantastic student accommodation complex opposite the Gold Coast Hospital and Griffith University which is growing rapidly in size, along with infrastructure in the immediate vicinity of this complex. If you are looking for a great investment property with returns over 7% after expenses then you need to consider this tightly held complex which is popular with local and interstate investors.
* Spacious three bedrooms/three bathrooms - all ensuited bedrooms
Open plan living/dining with great size kitchen - all common space!
Currently returning $635 per week. Lease expires 31.12.21
Body corp approx $89 per week. Healthy sinking fund balance
Excellent investment property with high returns....Do NOT miss out!!
Fantastic location; within walking distance to shops, transport, parks and across the
road from University and Hospital.
Council rates - $988 per 6 months. Water rates - $435 per 3 months (approx.)
Investors only - no owner occupiers
For further information or a fact sheet on this property please get in touch with me today or to arrange an inspection, please call Michael Elliss on 0402 858 174
Property History for 10/8 Tonga Pl, Parkwood, QLD 4214
- 23 Mar 2021Listed for Sale $315,000
- 09 Mar 2021Sold for $310,000
- 15 Mar 2015Sold for $230,000
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About Parkwood 4214
The size of Parkwood is approximately 5.6 square kilometres. It has 7 parks covering nearly 20.3% of total area. The population of Parkwood in 2011 was 8,436 people. By 2016 the population was 8,700 showing a population growth of 3.1% in the area during that time. The predominant age group in Parkwood is 20-29 years. Households in Parkwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkwood work in a professional occupation. In 2011, 70.6% of the homes in Parkwood were owner-occupied compared with 66.9% in 2016.
Parkwood has 3,096 properties. Over the last 5 years, Houses in Parkwood have seen a 85.87% increase in median value, while Units have seen a 101.90% increase. As at 31 October 2024:
- The median value for Houses in Parkwood is $1,170,331 while the median value for Units is $717,390.
- Houses have a median rent of $850 while Units have a median rent of $495.
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