SOLD
Sold on 21 Apr 2024 for $505,000

4/2 Cypress Avenue
Rainbow Beach QLD 4581

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 101m2
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Weir & Co Real Estate
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Property Details for 4/2 Cypress Ave, Rainbow Beach

4/2 Cypress Ave, Rainbow Beach is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 101m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Unit sold in Rainbow Beach in the last 12 months.

Building Type
Unit
Year Built
1982
Floor Size
86m2
Land Size
101m2
Local Government
Gympie Regional
Lot/Plan
4/BUP4749

Last Listing description (May 2024)

Auction Location: Onsite

Welcome to unit 4/2 Cypress Avenue, Rainbow Beach.

Conveniently located only a brief stroll from town and the beach!!!

This top-floor unit enjoys refreshing sea breezes thanks to its elevated placement. Situated within a small complex of only six units, its prime proximity to town amenities such as the Sports Club, cafes and shops enhances its appeal as an excellent investment opportunity.

This secluded apartment boasts neutral tones and a modern feel with open plan living, dining and kitchen area.

Key Features Include:
- three generous sized bedrooms with wardrobes
- Great sized master bathroom with veranda access
- Convenience of tiled living areas and carpeted bedrooms
- Reverse cycle air conditioning
- Under cover car park
- Internal laundry
- Private Balcony
- Shops, cafes, restaurants and Rainbow Beach access all within a 5 minute walk
- 50min drive to Gympie

Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

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Property History for 4/2 Cypress Ave, Rainbow Beach, QLD 4581

A timeline of how this property has performed in the market
Last Sold
$505,000
21 Apr 2024
Listed for Rent
$280/w
10 Aug 2016
  • 07 May 2024
    Listed for Sale Not Disclosed
  • 21 Apr 2024
    Sold for $505,000
  • 07 Oct 2019
    Sold for $219,000
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About 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.
There are currently 30 properties listed for sale, and 2 properties listed for rent in Rainbow beach on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Rainbow beach.

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