OFF MARKET

457/67 Cascade Street
Raceview QLD 4305

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 51m2
Land area: 51m2
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Property Details for 457/67 Cascade St, Raceview

457/67 Cascade St, Raceview is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 51m2 and floor size of 51m2.

Building Type
Unit
Year Built
2002
Floor Size
51m2
Land Size
51m2
Local Government
Ipswich

Last Listing description (October 2018)

UNDER CONTRACT
Offering a unique opportunity to secure 2 bedsitter units on one title that would make an ideal addition to any investment portfolio.
Both units are tenanted with long term tenants.

Unit 457 - lease to May 2017 with 6-month option
Unit 458 - lease to April 2018
Both paying $370 per fortnight (do the sums on that for ROI!)
Body corp - $5,132 per annum for both units
Rates/water - approx $2,400 per annum
Rental demand for units within the village is extremely high, for those wanting quality low maintenance living and long-term leases.
This immaculate facility is set amongst resort style surrounds, with landscaped gardens and ample green and lifestyle spaces.
Onsite manager to ensure your investment is well maintained and leases kept up to date. Two large indoor games/function areas and a large resident's clubhouse are a feature. Meal and linen services are also available (at additional cost to tenant)
Inground saltwater pool also popular.
Bus stop at its doorstep, shops are a short distance down the road, while a trip to Ipswich CBD, Riverlink Shopping Centre or medical centre is not too far - 50 metres from the Raceview Tavern
Inspection invited - contact agent to arrange.

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Property History for 457/67 Cascade St, Raceview, QLD 4305

A timeline of how this property has performed in the market
  • 13 Apr 2017
    Listed for Sale Price reduced to $120,000

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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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