5 Spectrum AvenueRainbow Beach QLD 4581
Property Details for 5 Spectrum Ave, Rainbow Beach
5 Spectrum Ave, Rainbow Beach is a 0 bedroom, 0 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 615m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (June 2021)
With only two properties between you and the beach, this tightly held piece of real estate is up for grabs now so do not delay. Fantastic location, less than 250 metres from the front door is the patrolled surf beach.
The property features two bedrooms, study, area, combined living/dining area, bathroom, laundry area and an outdoor, undercover entertainment space as well as a granny flat with a kitchenette etc. The yard is fenced on three sides and boasts a large, double shed. Backing onto the laneway behind the main street shops, you have very easy access to the shops, cafes, Clubs and Pubs etc.
Even a vacant block of this land in this precinct recently sold for $530,000 you can enjoy a passive income from this asset while you keep it in the land bank for later. The site has the potential for a duplex development, subject to council approval.
Properties like these do not come along very often so call today.
Property Code: 1293
Property History for 5 Spectrum Ave, Rainbow Beach, QLD 4581
- 27 Mar 2021Sold for $632,000
- 10 Feb 2021Listed for Sale $650,000
- 03 Jul 2012Listed for Sale 700000
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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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