3/381 Draper St, Parramatta Park is a 9 bedroom, 3 bathroom Unit with 5 parking spaces and was built in 1983. The property has a land size of 126m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
3 x 3 Bedroom townhouses on 809m2 with an inground pool.
Seeking investors looking for a solid long term investment in a cityside location or a family unit looking to own and live in the complex.
The Cairns marketplace is on the up and up, and the area is truly blessed with some of the most beautiful natural wonders of the world at our doorstep. The city is a tourist mecca with the luxury of an international Airport.
All 3 townhouses are in good condition, with No 3. just undergoing a full refurb. All 3 have large laundries and 2nd toilet.
Investment details:
Weekly rental appraisal $1500 ($500 per week each property) - $78,000 a year
Rates - $3,258.70 x 3 approx. $9776.10 in total per year
Water - $1000 a year approx. paid by landlord
Common area power & pool upkeep approx. $1200 a year
Building insurance approx. $5000 a year with AAMI
The complex is strata titled allowing you flexibility with your investment if you ever wanted to sell them off individually. There is a body corporate in place but is currently inactive.
Contact Tarren on 0468 610 186 or email tolufson@exploreproperty.com.au for further details.
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:
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