OFF MARKET

5 Green Valley Drive
Rainbow Beach QLD 4581

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 58m2
Land area: 680m2
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Property Details for 5 Green Valley Dr, Rainbow Beach

5 Green Valley Dr, Rainbow Beach is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 680m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in December 2019.

Building Type
Unit
Year Built
1980
Floor Size
58m2
Land Size
680m2
Local Government
Gympie Regional
Lot/Plan
3/RB9693

Last Listing description (February 2020)

This property presents you with a unique chance to own a part of Rainbow Beach that is close to the beach and main street and is also a great investment. Two x two bedroom, one bathroom units, all on one Title. Currently rented out for a combined weekly income of $460.

Unit 1 has been partially renovated with new flooring and an internal repaint whilst Unit 2 is original. There is huge potential here to do some improvements and increase the weekly rent to $500 per week total.

Features include:

* Fantastic position on a large, 680m2 block within 5 minutes walk to the main street

* Low maintenance grounds including separate driveways for each unit

* Backs onto bushland and vacant lot to the right

* Both units are air conditioned and have ceiling fans throughout

The units are both split level with kitchen, living area and deck on the main floor, as well as two bedrooms and a bathroom on the upper level.

Good bones and a good location with a motivated seller, arrange your inspection today.

Property Code: 1039

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Property History for 5 Green Valley Dr, Rainbow Beach, QLD 4581

A timeline of how this property has performed in the market
Last Sold
$420,000
23 Dec 2019
Listed for Rent
$60/w
01 Jun 2019
  • 23 Dec 2019
    Sold for $420,000
  • 01 Jun 2019
    Listed for Rent $260 / week
  • 08 May 2019
    Listed for Sale $439,000
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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 32 properties listed for sale, and 2 properties listed for rent in Rainbow beach on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Rainbow beach.

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