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Sold on 01 Jul 2024 for $650,000

1 Pencarrow Crescent
Raceview QLD 4305

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 166m2
Land area: 616m2
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Property Details for 1 Pencarrow Cres, Raceview

1 Pencarrow Cres, Raceview is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2009. The property has a land size of 616m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Raceview in the last 12 months.

Building Type
House
Year Built
2009
Floor Size
166m2
Land Size
616m2
Local Government
Ipswich
Lot/Plan
144/SP179282

Last Listing description (July 2024)

Nestled on a prominent corner block in Raceview, 1 Pencarrow Crescent presents a compelling investment opportunity with its low-set brick construction and spacious 616m2 block. This meticulously maintained property features four generously sized bedrooms, each outfitted with ceiling fans and built-in wardrobes, ensuring comfort and practicality for prospective tenants. Accompanying these are two well-appointed bathrooms, catering to the needs of families and professionals alike.

The interior layout seamlessly blends functionality with comfort, offering a spacious living environment that extends to a welcoming patio area—a perfect spot for outdoor relaxation and entertaining. The property's corner position not only enhances privacy but also provides potential for future enhancements or additional development, adding value for astute investors.

Strategically located in Raceview, known for its convenience and community amenities, 1 Pencarrow Crescent is poised to attract tenants seeking a blend of suburban tranquility and accessibility. Its appeal lies not only in the quality of its construction and layout but also in its potential for steady rental income. Investors can capitalise on the property's attractiveness to renters, ensuring high occupancy rates and consistent returns over the long term.

In summary, This home stands as an exceptional opportunity for those looking to expand their investment portfolio in the thriving Raceview area. With its practical design, desirable features, and promising location, this property promises both immediate rental appeal and future growth potential. For further information, please contact us today and explore the possibilities offered by this outstanding investment prospect.

For the Investor:
Current Rent: $470 Per week.
Lease End Date: 12/04/2025
Rent Appraisal: $550 - $580 Per week
Rates: $591.80 Per Quarter (Subject to change)
Water Consumption: $322.74 Per Quarter (Subject to change)

Disclaimer:
STRUD Property has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

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Property History for 1 Pencarrow Cres, Raceview, QLD 4305

A timeline of how this property has performed in the market
Last Sold
$650,000
01 Jul 2024
Listed for Rent
$345/w
16 Jul 2018
  • 01 Jul 2024
    Sold for $650,000
  • 26 Jun 2024
    Listed for Sale Offers Over $629,000
  • 18 Jun 2018
    Listed for Rent - Price not available
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About Raceview 4305

The size of Raceview is approximately 5.9 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Raceview in 2011 was 8,686 people. By 2016 the population was 9,716 showing a population growth of 11.9% in the area during that time. The predominant age group in Raceview is 0-9 years. Households in Raceview are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raceview work in a trades occupation. In 2011, 51.4% of the homes in Raceview were owner-occupied compared with 53% in 2016.

Raceview has 4,447 properties. Over the last 5 years, Houses in Raceview have seen a 93.46% increase in median value, while Units have seen a 107.46% increase. As at 31 July 2024:

  • The median value for Houses in Raceview is $655,457 while the median value for Units is $389,130.
  • Houses have a median rent of $520 while Units have a median rent of $455.
There are currently 26 properties listed for sale, and 11 properties listed for rent in Raceview on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Raceview.

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