OFF MARKET

449-450/67 Cascade Street
Raceview QLD 4305

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Last updated 2 Sep 2024
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Property Details for 449-450/67 Cascade St, Raceview

449-450/67 Cascade St, Raceview is a 2 bedroom, 2 bathroom Unit.

Building Type
Unit
Local Government
Ipswich

Last Listing description (March 2024)

Tenanted investment property in sought after over 55's village.

If you have been looking for a safe bet, look no further. Whitehill Gardens is purpose built over 55's independent living complex with zero vacancy and a waiting list of people wanting to move in. Most of the residents are age pensioners who are supported by the federal government to pay rent. Landlords enjoy the added bonus of secure long-term tenants who take excellent care of the property.

Two units' side by side on one title. The units and the complex are very well maintained as you would expect from the excellent onsite management. Both units are fully self-contained with kitchenette, bathroom and internal laundry facilities. The unit pictured has been freshly renovated with timber flooring, larger kitchenette and fresh paint throughout. The second unit is in good condition and both units have excellent tenants in place.

What we love about this property:

* As close to a guaranteed investment in bricks and mortar as you can get.
* Freehold & standard strata title.
* No additional Entry or Exit Fees.
* Long term tenants who take good care of the properties
* High demand for units in this complex
* Landscaped grounds
* Resort style inground pool with shade cover
* Two clubhouses & dining room

Haven't thought about investing in the over 55's market before? I can help! Call me today to find out more.

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Property History for 449-450/67 Cascade St, Raceview, QLD 4305

A timeline of how this property has performed in the market
  • 04 Feb 2024
    Listed for Sale Not Disclosed

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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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