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Sold on 25 Oct 2024 for $1,010,000

61 Charles Street
Parramatta Park QLD 4870

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 130m2
Land area: 531m2
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Belle Property Cairns
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Property Details for 61 Charles St, Parramatta Park

61 Charles St, Parramatta Park is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 531m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 5 bedroom House sold in Parramatta Park in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
130m2
Land Size
531m2
Local Government
Cairns Regional
Lot/Plan
63/RP701435

Last Listing description (November 2024)

In a rare and exciting opportunity, these two properties on separate titles provide potential buyers with multiple options for lifestyle and investment, in a highly location just minutes from the CBD. The proposition comprises a 3-bedroom/1-bath house with a shed on 556m2, and a duplex of 2 x 1-bedroom units on 531m2. The properties can be purchased together and offer strong current rental returns with the potential for future redevelopment, having been previously approved for apartments.

The first property is 59 Charles St, a low-set bungalow set at the front of a 556m2 block. The 3-bedroom house is presented in very good condition, with traditional features including high ceilings, timber floors, and casement windows adding charm and character. At the rear of the block is a near-new, 88m2 council-approved shed, with clearance suitable for boat or caravan. The substantial shed comprises three bays (10m x 3m each), including one with a bathroom and kitchen.

- Charming 3-bedroom house with character features

- High ceilings, polished timber floors
- Modern kitchen and bathroom
- Air-conditioned
- Very well presented
- Substantial shed at rear
- Currently rented at $495 p/w, market rent with shed $850 p/w
- 556m2 block

The second property is 1 & 2/61 Charles St, a small duplex set at the front of a 531m2 block, with nothing at the rear. The layout of the two air-conditioned units encompasses a spacious bedroom, a modern bathroom, and a combined kitchenette/living space. Both units are currently rented with strong returns and the property offers potential for further development (STCA).

- Duplex with 2 x 1-bedroom units
- Solid block construction
- Tiled floors, fresh dcor
- Modern kitchenette and bathroom
- Air-conditioned, ceiling fans, security screens
- Set at the front of block, nothing at rear
- Currently rented at $380 & $360 p/w
- 531m2 block

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Property History for 61 Charles St, Parramatta Park, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$1,010,000
25 Oct 2024
Listed for Rent
$320/w
20 Jun 2022
  • 25 Oct 2024
    Sold for $1,010,000
  • 02 Sep 2024
    Listed for Sale $1,010,000
  • 11 Oct 2010
    Sold for $315,000
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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 1,927 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 41 properties listed for sale, and 15 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Parramatta park.

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