OFF MARKET

1/414-416 Severin Street
Parramatta Park QLD 4870

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 59m2
Land area: 59m2
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Property Details for 1/414-416 Severin St, Parramatta Park

1/414-416 Severin St, Parramatta Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 59m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in June 2016.

Building Type
Unit
Year Built
1980
Floor Size
59m2
Land Size
59m2
Local Government
Cairns Regional
Lot/Plan
1/SP213775

Last Listing description (April 2008)

FOR THE ASTUTE INVESTOR
OPPORTUNITY KNOCKS WITH THIS CASH COW, WITHIN A 10 MINUTE WALKING DISTANCE TO CAIRNS CBD THIS UNIT COMPLEX COMPRISES OF 4 X 1 BEDROOM UNITS AND 2 X 2 BEDROOM UNITS. ALL UNITS HAVE A CONTEMPORARY INTERIOR, ARE FULLY AIR-CONDITIONED, FULLY FURNISHED AND HAVE UNDERCOVER PARKING. GROSS RENTAL RETURN OF $69,420 PER ANNUM, COMMUNAL LAUNDRY ALSO PROVIDES SMALL INCOME. ALL UNITS ARE ARE CURRENTLY OCCUPIED WITH EXCELLENT TENANTS IN PLACE, BEING A CENTRAL LOCATION YOUR RENTAL VACANCY SHOULD NEVER PUSH PAST NIL. GREAT POTENTIAL TO STRATA TITLE THESE UNITS AND SELL THEM OFF INDIVIDUALLY.
ADDITIONAL FEATURE - BLOCK OF UNITS.

Property History for 1/414-416 Severin St, Parramatta Park, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$240,000
20 Jun 2016
Listed for Rent
$220/w
07 Mar 2015
  • 20 Jun 2016
    Sold for $240,000
  • 16 Feb 2015
    Listed for Rent $220 / week
  • 06 Dec 2011
    Sold for $190,000
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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.

Parramatta Park has 1,924 properties. Over the last 5 years, Houses in Parramatta Park have seen a 41.21% increase in median value, while Units have seen a 65.86% increase. As at 31 October 2024:

  • The median value for Houses in Parramatta Park is $583,677 while the median value for Units is $406,749.
  • Houses have a median rent of $500 while Units have a median rent of $435.
There are currently 40 properties listed for sale, and 12 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 98 properties were sold in the past 12 months in Parramatta park.

Suburb Insights for Parramatta Park 4870

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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.