SOLD
Sold on 28 May 2024 for $1,025,000

11 Schofield Street
Pimpama QLD 4209

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 92m2
Land area: 472m2
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Property Details for 11 Schofield St, Pimpama

11 Schofield St, Pimpama is a 1 bedroom, 1 bathroom House with 2 parking spaces and was built in 2020. The property has a land size of 472m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom House sold in Pimpama in the last 12 months.

Building Type
House
Year Built
2020
Floor Size
92m2
Land Size
472m2
Local Government
Gold Coast City
Lot/Plan
493/SP305740

Last Listing description (July 2024)

Seize the chance to secure this exceptional investment opportunity! With a current rental return of 5.1% (5.3% upon commencement of the new lease term next month), and the potential to elevate it to 6%+ in current market conditions, this property promises outstanding value. Nestled in one of the Gold Coast's highest growth suburbs, it embodies the epitome of prime real estate investment. Don't miss out on the chance to capitalise on this lucrative proposition!

Currently returning $1,030 per week rent under 2 seperate leases.

Unit 1 - 3 Bed, 2 Bath, 1 Car - Currently leased at $570 per week until 19/5/2025 (Market rent $700)

Features:
- 3 Bedrooms
- Ensuite
- Large Central bathroom
- Ceiling fans throughout
- Spacious open plan living
- Designer kitchen, quality stone bench tops and stainless steel appliances
- Air conditioning
- Good size covered entertaining area
- Fully fenced spacious yard
- Single lock up garage

Unit 2 - 1 Bed, 1 Bath, 1 Car - Currently leased at $460 per week ($500 p/w from 25/4/24) until 25/4/25 (Market rent $570)
Features:
- 1 Bedrooms - Master bedroom
- Large Central bathroom
- Ceiling fans throughout
- Spacious open plan living
- Designer kitchen, quality stone bench tops and stainless steel appliances
- Air conditioning
- Good size covered entertaining area
- Fully fenced spacious yard
- Single lock up garage

Located in the newly developed estate in Pimpama called 'The Heights'.

Located close to:
* Pimpama City Shopping Centre (Coles, Aldi, chemist, specialty stores)
* Pimpama Tavern (walking distance)
* Brand new Pimpama train station (under construction)
* Pimpama Sports Hub (multiple indoor & outdoor pools, gym, bistro, tennis & netball courts, walking trails)
* Multiple primary & secondary schools + early learning centres
* Bus stops (walking distance)
* Westfield Coomera (11 minute drive)
* Costco (11 minute drive)
* Dreamworld theme park (12 minute drive)
* Uniquely almost midway between major job centres of Brisbane CBD & heart of Gold Coast

Contact Jesse today on 0419 989 669 for more information.

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Property History for 11 Schofield St, Pimpama, QLD 4209

A timeline of how this property has performed in the market
Last Sold
$1,025,000
28 May 2024
  • 28 May 2024
    Sold for $1,025,000
  • 28 Mar 2024
    Listed for Sale Offers from $1,050,000
  • 11 Jun 2020
    Sold for $271,000

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About Pimpama 4209

The size of Pimpama is approximately 41.4 square kilometres. It has 34 parks covering nearly 13.3% of total area. The population of Pimpama in 2011 was 3,211 people. By 2016 the population was 9,392 showing a population growth of 192.5% in the area during that time. The predominant age group in Pimpama is 0-9 years. Households in Pimpama are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pimpama work in a trades occupation. In 2011, 42.1% of the homes in Pimpama were owner-occupied compared with 29% in 2016.

Pimpama has 10,756 properties. Over the last 5 years, Houses in Pimpama have seen a 80.81% increase in median value, while Units have seen a 103.98% increase. As at 30 November 2024:

  • The median value for Houses in Pimpama is $867,338 while the median value for Units is $682,948.
  • Houses have a median rent of $690 while Units have a median rent of $630.
There are currently 46 properties listed for sale, and 27 properties listed for rent in Pimpama on OnTheHouse. According to CoreLogic's data, 824 properties were sold in the past 12 months in Pimpama.

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Contact agent
Jesse Bugeja
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Conjunction Realty
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