OFF MARKET

40/4 Grand Parade
Parrearra QLD 4575

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 93m2
Land area: 119m2
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Property Details for 40/4 Grand Pde, Parrearra

40/4 Grand Pde, Parrearra is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 119m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
2007
Floor Size
93m2
Land Size
119m2
Local Government
Sunshine Coast Regional
Lot/Plan
40/SP193055

Last Listing description (July 2019)

If you are looking at increasing your wealth, then this lovely two bedroom two bathroom 3rd floor WATERFRONT apartment centrally located on Kawana Island is what you need. Only 4 kms from the new private/public hospitals/health precinct - your investment is at the heart of all the development occurring on the Sunshine Coast.
The apartment is very modern, spacious, light and airy with a massive open plan carpeted lounge/dining area, two huge bedrooms (one with built in robe and ensuite). There is a second bathroom/toilet with laundry incorporated conveniently located next to the 2nd bedroom. The kitchen is an L shape and comes with stainless steel Kleenmaid appliances, stone bench tops and a breakfast bench. A massive balcony overlooks the lush complex gardens towards Double Bay Park and the canals.
With top quality tenants in place, you have the assurance of an investment with capital growth over forthcoming years. Alternatively, you have the option to move in at the end of the lease. The choice is yours.

To summarise:
3rd floor waterfront apartment with approx. 113m2 of living space
modern kitchen with stone bench top & Kleenmaid appliances
air conditioning
ADSL Broadband/NBN and Foxtel availability
secure 11 yo complex with intercom system & camera surveillance
underground car park and storage cage
currently rented at $440 pw to superb tenants
reasonable Body Corporate levies
pet friendly complex
excellent On Site Managers
20 mt heated lap pool
full sized floodlit tennis court
strong rental demand - historical vacancy rate of 0% over last 6 years
opposite Double Bay Beach/Park, canals, bike and walking tracks
adjacent to convenience store, coffee shop and restaurant
only 9 km to Mooloolaba and 11km to Maroochydore
200m to public transport
easy access to Bruce Highway and Sunshine Motorway
This is an opportunity not to be missed - call today and organise a private inspection, you won't be disappointed.

Property History for 40/4 Grand Pde, Parrearra, QLD 4575

A timeline of how this property has performed in the market
Last Sold
$536,000
03 Aug 2021
Listed for Rent
$620/w
22 Aug 2022
  • 03 Aug 2021
    Sold for $536,000
  • 12 Jun 2018
    Listed for Sale Offers over $390,000
  • 15 Jan 2014
    Listed for Rent $410 / week
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About Parrearra 4575

The size of Parrearra is approximately 2.5 square kilometres. It has 14 parks covering nearly 15.9% of total area. The population of Parrearra in 2011 was 4,357 people. By 2016 the population was 4,457 showing a population growth of 2.3% in the area during that time. The predominant age group in Parrearra is 60-69 years. Households in Parrearra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parrearra work in a professional occupation. In 2011, 61.3% of the homes in Parrearra were owner-occupied compared with 63.1% in 2016.

Parrearra has 2,319 properties. Over the last 5 years, Houses in Parrearra have seen a 91.23% increase in median value, while Units have seen a 83.33% increase. As at 31 August 2024:

  • The median value for Houses in Parrearra is $1,439,137 while the median value for Units is $847,927.
  • Houses have a median rent of $790 while Units have a median rent of $650.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Parrearra on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Parrearra.

Suburb Insights for Parrearra 4575

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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.