1/8 Cheyne St, Pimlico is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1990. The property has a land size of 107m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Pimlico in the last 12 months.
Sold by Kym
An outstanding opportunity to acquire this large townhouse as a high rental demand investment property or great for the owner occupier. Also difficult to find, a three bedroom unit in this very desirable location in the heart of Pimlico. Exceptionally well maintained complex of just the 4 units.
Townhouse Features:
Downstairs:
- Split system air conditioning
- Open carpeted living area with soaring exposed timber beams and timber panelling to ceiling
- Impressive oversized kitchen for a townhouse with recent updated appliances
- Dining area off the kitchen with direct access to the rear courtyard
- Internal laundry and storeroom
- Convenient 2nd toilet
- Single remote lock up garage - dryer also located in garage
- Electric gated complex for extra security
Upstairs:
- Three bedrooms all with split system air conditioning and built in robes
- Main bedroom larger than standard
- Modernised and updated bathroom
- Separate toilet
- Linen storage
Location Features -
- Mater Hospital nearby
- Townsville TAFE and in the Pimlico High catchment zone
- Public Transport close by
- Castletown Shopping Centre around 5 minutes by car
- Approx 10 minutes drive to the CBD and The Strand
Townsville City Council Rates - $1,795.50 each 6 months - water allocation included in rates amount.
Body Corporate Fees - per quarter - Administrative Fund - $1306.25 - Sinking Fund - $312.50 - per quarter Total - $1,618.75
Please note a 20% Discount Applied when paid by Due Date - takes BC down to $1,295.00 per quarter
For the Investor - Expected Rental Return - $440 to $460 per week.
Please note - All parties should make and rely upon their own enquiries in order to determine the accuracy of the information supplied. Please rely on your own inspection and investigations as the property may have changed since the photographs were taken. Nxtgen Property bears no liability for any loss sustained due to inaccuracy or omission.
Property Code: 3206
The size of Pimlico is approximately 1.2 square kilometres. It has 5 parks covering nearly 6.2% of total area. The population of Pimlico in 2011 was 2,599 people. By 2016 the population was 2,454 showing a population decline of 5.6% in the area during that time. The predominant age group in Pimlico is 20-29 years. Households in Pimlico are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Pimlico work in a professional occupation. In 2011, 38.5% of the homes in Pimlico were owner-occupied compared with 39.7% in 2016.
Pimlico has 1,616 properties. Over the last 5 years, Houses in Pimlico have seen a 55.71% increase in median value, while Units have seen a 47.72% increase. As at 31 August 2024:
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