303/48 Victoria ParadeRockhampton City QLD 4700
Property Details for 303/48 Victoria Pde, Rockhampton City
303/48 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 May 2017.
Last Listing description (April 2020)
Located on the Fitzroy River amongst the business, restaurant and entertainment precinct, Quest Rockhampton suits business and leisure travellers alike.
2 bedroom twin key apartments with stunning river views, car park allocation and all only 5 years old.
The property also features an onsite gym and conference room.
Current Return: $28,668
Current Return: 6.63% Gross / Net 5.63%
Scheduled Increases as follows:
Oct 2019- + 4% 6.89% gross
Oct 2020- + 4% 7.17% gross
Oct 2021- + 4% 7.45% gross
Oct 2022- + 4% 7.75% gross
Lease Terms: Lease to October 2023 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2023)
Approximate Owner Outgoings:
Council: $2552
Water: (Included in Council)
Owners Corp Sinking Fund: $1754
Property History for 303/48 Victoria Pde, Rockhampton City, QLD 4700
- 17 Aug 2018Listed for Sale $432,000
- 10 May 2017Sold for $432,754
- 01 Nov 2016Sold for $1,950,000
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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.
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