10 Spectrum AvenueRainbow Beach QLD 4581
Property Details for 10 Spectrum Ave, Rainbow Beach
10 Spectrum Ave, Rainbow Beach is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 1985. The property has a land size of 577m2 and floor size of 113m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Last Listing description (February 2023)
Brick property situated less than 300 metres from the patrolled surf beach and less than two minutes' walk to shops and main street.
Currently set up as three units (one Title). The rear two units are two stories (downstairs has lounge, kitchen and dining area plus a toilet whilst upstairs has two bedrooms and a bathroom.
The front unit is all one level and has two bedrooms, a bathroom, extra shower, laundry, kitchen/dining/lounge area and a garage with direct access into the unit (under roof).
Fantastic location within the tightly held, 'original' precinct of Rainbow Beach township.
Triple income achievable and huge potential for development down the track. (Subject to Gympie Regional Council approval). With new floor coverings, repainting internally and some roof repairs; realistic rental of return between $350 - $380/week per unit is achievable. Approximately $1,050 - $1,140 per week total.
Less than five minutes' walk to the patrolled surf beach, shops and playground .... you can't get much closer to everything Rainbow Beach has to offer than this.
Please contact us today to arrange your inspection.
Property Code: 1515
Property History for 10 Spectrum Ave, Rainbow Beach, QLD 4581
- 17 Nov 2022Sold for $890,000
- 04 Nov 2022Listed for Sale $950,000
- 28 Aug 2019Listed for Rent $225 / week
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0About Rainbow Beach 4581
The size of Rainbow Beach is approximately 13.3 square kilometres. It has 12 parks covering nearly 3.2% of total area. The population of Rainbow Beach in 2011 was 1,103 people. By 2016 the population was 1,241 showing a population growth of 12.5% in the area during that time. The predominant age group in Rainbow Beach is 60-69 years. Households in Rainbow Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rainbow Beach work in a managers occupation. In 2011, 57.4% of the homes in Rainbow Beach were owner-occupied compared with 57.7% in 2016.
Rainbow Beach has 1,407 properties. Over the last 5 years, Houses in Rainbow Beach have seen a 80.67% increase in median value, while Units have seen a 100.41% increase. As at 31 October 2024:
- The median value for Houses in Rainbow Beach is $779,906 while the median value for Units is $576,051.
- Houses have a median rent of $650 while Units have a median rent of $430.
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