OFF MARKET

18/3-7 Nellie Street
Parramatta Park QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 88m2
Land area: 122m2
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Property Details for 18/3-7 Nellie St, Parramatta Park

18/3-7 Nellie St, Parramatta Park is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 122m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
Unit
Year Built
2004
Floor Size
88m2
Land Size
122m2
Local Government
Cairns Regional
Lot/Plan
18/SP164475

Last Listing description (March 2023)

Yoursquo;re welcome to inspect unit 17 at 3-7 Nellie Street in Parramatta Park.

This is a fantastic opportunity to purchase a top floor property within the Oxygen Apartment Complex .

Conveniently located at the end of a close and within walking distance to Cairns Central , transports, medical facilities, cafes, parks, Cairns CBD, The Cairns Esplanade and the list goes on and on hellip;. this apartment is in the most perfect location and it is also in the Cairns State High School catchment zone!

Features include:

*Three bedrooms with wardrobes

*Two bathrooms
*Kitchen with stone benchtop and plenty of storage

*Large open plan living and dining area
*Internal Laundry
*Balcony
*Air conditioned
*Sparkling in ground pool (shared in the complex)
*Well-maintained complex
*Easy access to public transport
*One allocated car space in a secure lock up common garage
*Storage unit

This spacious property is ideal for owner-occupiers and investors seeking a secure income.

For investors:

Price: Price range Offers over $359,000
Rental Appraised: $460 - $500 per week
Rates: $2,800 approximately per year
Body Corporate approximately: $4,185.88 per year

Potential rental Yield for a long-term lease: Approximately 5.3% for a long-term lease (Estimate only)
Potential gross rental income for a long-term lease: Approximately $26,000 (Estimate only)

Potential rental Yield for a long-term lease: Approximately 5.2% for a long-term lease (Estimate only)
Potential gross rental income for a long-term lease: Approximately $26,000 (Estimate only)

Very healthy body corporate with good amounts in the administrative and sinking funds.

Call Claudio now to organise your private inspection now!
*A notice of 24 hours is needed to inspect the property.
**Photos have been digitally cleaned and digital furniture applied to keep the tenant privacy
***Currently rented

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property History for 18/3-7 Nellie St, Parramatta Park, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$355,000
15 Jan 2023
Listed for Rent
$365/w
07 Mar 2015
  • 15 Jan 2023
    Sold for $355,000
  • 11 Jan 2023
    Listed for Sale Offers over $359,000
  • 16 Feb 2015
    Listed for Rent $365 / week
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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.