OFF MARKET

103/48 Victoria Parade
Rockhampton City QLD 4700

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 83m2
Land area: 80m2
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Last updated 14 Oct 2024
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Property Details for 103/48 Victoria Pde, Rockhampton City

103/48 Victoria Pde, Rockhampton City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 80m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
2013
Floor Size
83m2
Land Size
80m2
Local Government
Rockhampton Regional
Lot/Plan
103/SP262528

Last Listing description (January 2020)

Quest Rockhampton is situated on the banks of the Fitzroy River along Victoria Parade in the Rockhampton CBD, within walking distance to art galleries and Pilbeam Theatre, dining, shopping, entertainment and sporting precincts such as the Rockhampton Showgrounds.


Current Rent- $525.00 per week- $27,344 pa
Return: 7.49% Gross- 6.45% Net

Rent Increases as follows:
Oct 2020+ 4%= $28, 438 pa- 7.79 % gross
Oct 2021+ 4%= $29, 575 pa- 8.10 % gross
Oct 2022+ 4%= $30, 758 pa- 8.42 % gross

Next Market Review: September 2023 (every 5 years)
Lease Terms: Lease to September 2023 plus 4 x 5 year options
Rent Increases: 4% annually (except market review years)

2 bedroom, 2 bathroom apartment, with outdoor balcony and carpark on title.

Spacious twin key apartment with a total floor area of 80.63m2 consisting of two bedrooms, main kitchen and kitchenette, living area and outdoor balcony. With the convenience and versatility of dual key operation allowing the apartment to be split into a self contained one bedroom + studio if required
**** PLEASE NOTE SOME IMAGES MAY BE GENERIC AND NOT OF EXACT LOT****

Approximate Owner Outgoings:
Council Rates: $2323 per annum. (approx)
Water Rates: Included in council rates
Agreed Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1472 per annum.

Rockhamptons central location along major north, south & west freight infrastructure routes, together with major mining and large customer and labour work force all drive growth to the Region.

Quest Rockhampton is situated 3.8km from Rockhampton Airport.

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Property History for 103/48 Victoria Pde, Rockhampton City, QLD 4700

A timeline of how this property has performed in the market
Last Sold
$400,000
05 Aug 2021
  • 05 Aug 2021
    Sold for $400,000
  • 03 Sep 2019
    Listed for Sale $365,000
  • 08 Feb 2019
    Sold for $355,000
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About Rockhampton City 4700

The size of Rockhampton City is approximately 2.5 square kilometres. It has 8 parks covering nearly 5.6% of total area. The population of Rockhampton City in 2011 was 2,244 people. By 2016 the population was 1,954 showing a population decline of 12.9% in the area during that time. The predominant age group in Rockhampton City is 50-59 years. Households in Rockhampton City are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rockhampton City work in a professional occupation. In 2011, 41.4% of the homes in Rockhampton City were owner-occupied compared with 41.1% in 2016.

Rockhampton City has 2,248 properties. Over the last 5 years, Houses in Rockhampton City have seen a 90.68% increase in median value, while Units have seen a 78.42% increase. As at 30 September 2024:

  • The median value for Houses in Rockhampton City is $305,616 while the median value for Units is $532,614.
  • Houses have a median rent of $420 while Units have a median rent of $440.
There are currently 32 properties listed for sale, and 18 properties listed for rent in Rockhampton city on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Rockhampton city.

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