OFF MARKET

Formosa Street
Pimpama QLD 4209

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 6346m2
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Property Details for Lot 32 Formosa St, Pimpama

Lot 32 Formosa St, Pimpama is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 6346m2.

Building Type
Unit
Land Size
6346m2
Local Government
Gold Coast City

Last Listing description (September 2020)

Fully constructed land with all services in place. Major price adjustment with vendor now meeting the market. Site is being sold, you need to be quick.

Approved for 26 townhouses configured by 16 x 3-bed & 10 x 4-bed.


Complete DA package available on request.

Strong locational attributes and investment fundamentals within one of Australia's fastest growing regions. Major landmarks include:
350m* to State Govt. approved Train Station
800m* to Commercial and retail shops including restaurants
900m* to M1 Pacific Motorway
1.4km* to Pimpama City
2.7km* to Pimpama Central
2.7km* to Kings Christian College
*approx.

Please contact Richard McCouaig from Cushman & Wakefield for more information or to arrange an inspection.

Property History for Lot 32 Formosa St, Pimpama, QLD 4209

A timeline of how this property has performed in the market
  • 09 Jul 2019
    Listed for Sale $2,340,000 neg.

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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 10,684 properties. Over the last 5 years, Houses in Pimpama have seen a 80.92% increase in median value, while Units have seen a 106.87% increase. As at 31 October 2024:

  • The median value for Houses in Pimpama is $863,047 while the median value for Units is $680,815.
  • Houses have a median rent of $680 while Units have a median rent of $620.
There are currently 54 properties listed for sale, and 47 properties listed for rent in Pimpama on OnTheHouse. According to CoreLogic's data, 857 properties were sold in the past 12 months in Pimpama.

Suburb Insights for Pimpama 4209

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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.