212/89 Landsborough AvenueScarborough QLD 4020
Property Details for 212/89 Landsborough Ave, Scarborough
212/89 Landsborough Ave, Scarborough is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 129m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Scarborough in the last 12 months.
Last Listing description (July 2024)
You won't find a cheaper 2 bedroom waterfront apartment in Scarborough! The owner wants the unit sold and is being offered as fully furnished, but can be vacant if required.
The floor plan is highly versatile, offering multiple living and investment options. You have the choice of using the apartment as a standard 2-bedroom configuration or as a dual key, providing flexibility for your needs.
This complex has been particularly appealing to those downsizing, and it's easy to see why given its excellent facilities and prime location. Approximately 80% of the complex is owner-occupied, creating a welcoming and community-oriented environment.
Here are the options available to you:
1. Enjoy the apartment as a standard 2-bedroom residence for comfortable living.
2. Live in the main 1-bedroom apartment and utilize the studio for short-term letting to generating income.
3. Rent out both for either long or short-term rental opportunities, maximizing your investment potential.
The complex comes with fantastic amenities, including a pool, sauna, spa, gym, and rooftop entertaining areas, providing an enjoyable lifestyle for residents.
Furthermore, the apartment's location in the heart of Scarborough village is truly exceptional. You'll find restaurants, cafes, medical facilities, miles of riding/walking paths, and public transportation all within a few meters of your doorstep.
Key Financials (all approximate figures)
Rates - $552 p/q
Water - $338 p/q
Electricity - $40 p/m
Body Corp - $2,910 payable 3 times per year
Property History for 212/89 Landsborough Ave, Scarborough, QLD 4020
- 13 Aug 2024Sold for $700,000
- 01 Aug 2023Listed for Sale Presenting Offers
- 28 Jul 2021Sold for $532,000
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About Scarborough 4020
The size of Scarborough is approximately 3.3 square kilometres. It has 8 parks covering nearly 6.2% of total area. The population of Scarborough in 2011 was 7,985 people. By 2016 the population was 8,704 showing a population growth of 9.0% in the area during that time. The predominant age group in Scarborough is 50-59 years. Households in Scarborough are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Scarborough work in a professional occupation. In 2011, 57% of the homes in Scarborough were owner-occupied compared with 60% in 2016.
Scarborough has 4,959 properties. Over the last 5 years, Houses in Scarborough have seen a 83.35% increase in median value, while Units have seen a 96.62% increase. As at 30 November 2024:
- The median value for Houses in Scarborough is $1,060,949 while the median value for Units is $914,055.
- Houses have a median rent of $650 while Units have a median rent of $625.
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