OFF MARKET

8/312-316 Draper Street
Parramatta Park QLD 4870

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 64m2
Land area: 69m2
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Property Details for 8/312-316 Draper St, Parramatta Park

8/312-316 Draper St, Parramatta Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 69m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in November 2017.

Building Type
Unit
Year Built
1989
Floor Size
64m2
Land Size
69m2
Local Government
Cairns Regional
Lot/Plan
8/BUP70941

Last Listing description (April 2022)

You're welcome to inspect unit 8/312-316 Draper Street, Parramatta Park.

Introducing this inner city two bedrooms and one bathroom apartment with a private backyard. Located only minutes away from the Cairns Esplanade and Cairns Shopping Centre this property is close to everything. Currently rented till August 2022 this property is the perfect investment opportunity with a rental return of $330 per week - a perfect entry level investment!!

Features Include:

* Large open plan dining/living with lot of natural light
* Spacious kitchen
* Two substantial size bedrooms both with wardrobes
* Internal laundry
* Private backyard
* Private front yard
* Storage room
* Fully airconditioned
* Carport
* Shared Pool

For investors:

Price: $250,000
Rental Appraised: $330 - $350 per week
Rates: $2,590 approximately per year
Body Corporate approximately: $3,204.64 per year

Potential rental Yield: Approximately 5% (Estimate only)
Potential rental income: $18,980 (Estimate only)

Call Claudio today to organise your private inspection
*Property currently tenanted, a minimum of 24 H notice is needed
**This property comes with a tenant to August 2022 and settlement is preferred in the new financial year.
***Photos have been digitally cleaned and digital furniture applied for the tenant's privacy

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Property History for 8/312-316 Draper St, Parramatta Park, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$163,000
13 Nov 2017
Listed for Rent
$280/w
10 Feb 2015
  • 31 Oct 2021
    Listed for Sale $250,000
  • 13 Nov 2017
    Sold for $163,000
  • 01 Nov 2017
    Listed for Sale $169,000
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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 1,923 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 39 properties listed for sale, and 12 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Parramatta park.

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