OFF MARKET

5/8 Tonga Place
Parkwood QLD 4214

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Land area: 72m2
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Property Details for 5/8 Tonga Pl, Parkwood

5/8 Tonga Pl, Parkwood is a 3 bedroom, 3 bathroom Unit with 2 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 September 2016.

Building Type
Unit
Year Built
2002
Land Size
72m2
Local Government
Gold Coast City
Lot/Plan
5/SP146782

Last Listing description (October 2016)

Looking for a solid investment with returns in excess of 6.9% yield after expenses....
University Village' is a fantastic student accommodation complex and currently returning $578 per week, which is an amazing rental return!
This property is opposite the Gold Coast Hospital and Griffith University which is expanding at a rapid rate, along with infrastructure in the immediate vicinity of this complex. A short walk to the light rail station which takes you on a 13km journey to Pacific Fair in Broadbeach. Great investment for the super fund or just add another one to the portfolio and have this one positively geared!

* Spacious three bedrooms/three bathrooms - all ensuited bedrooms
* Fully furnished ground floor unit of two storey walk up - close to pool & front gate
* Large kitchen - s/steel appliances, plenty of bench space & ample cupboards
* Currently returning $578 per week rental returns. Lease exp 31.12.16
* Body corp approx.. $62 per week. Complex approx. 11-13 yrs old
* Excellent investment property with high returns....Do NOT miss out!!
* Centrally located to largest university on the GC, within walking distance to shops, transport, parks and short drive to M1
* Council rates - $906.25 per 6 months. Water rates - $367.88 per 3 months (approx.)
* 6.9% yield after expenses!!!!

For further information or to arrange an inspection, please call Michael Elliss on: 0402 858 174

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Property History for 5/8 Tonga Pl, Parkwood, QLD 4214

A timeline of how this property has performed in the market
Last Sold
$263,000
03 Sep 2016
  • 03 Sep 2016
    Sold for $263,000
  • 09 Aug 2016
    Listed for Sale Under Contract
  • 13 Nov 2005
    Sold for $275,000
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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.
There are currently 22 properties listed for sale, and 4 properties listed for rent in Parkwood on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Parkwood.

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