343 Scarborough RoadScarborough QLD 4020
Property Details for 343 Scarborough Rd, Scarborough
343 Scarborough Rd, Scarborough is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 1012m2 and floor size of 208m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (December 2020)
1012m2 with DA in place for block split
Located at the northern end of Scarborough Rd just a short stroll to Scarborough Village and the beach, this property is set to tempt the canny buyer who understands the true value of land in this sought after Peninsula suburb.
We could talk about the home which has 4 bedrooms, 2 bathrooms a double lock up garage, split system air-conditioning and more. It's brick and tile construction built a little over 20 years ago. It's a comfortable home that's ready to live in as is, but also has tonnes of room to add your own personal touches.
But the big thing here is the land. 1012m2 of Scarborough gold. Measuring 20.2m wide x 50.4m long (approximately) there is oodles of space and decent side access to the massive garden. The bonus here as well is that the current owners have just had a DA approved to split the block into two lots and this comes with the purchase.
Currently tenanted (with the best tenants) who would love to stay much longer than the end of their lease (mid March 2021), the opportunity exists for an investor seeking a decent return, under-pinned by land value PLUS development opportunity going forward.
Properties such as this one are fast becoming a rarity and they never last long. The motivation to sell here is genuine. Call today to arrange an inspection, but just a word of warning: Do not WAIT!
Property History for 343 Scarborough Rd, Scarborough, QLD 4020
- 10 Nov 2020Sold for $800,000
- 09 Oct 2020Listed for Sale Offers over $799,000
- 26 Nov 2014Sold for $585,000
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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 4,943 properties. Over the last 5 years, Houses in Scarborough have seen a 78.91% increase in median value, while Units have seen a 91.80% increase. As at 30 September 2024:
- The median value for Houses in Scarborough is $1,061,951 while the median value for Units is $906,844.
- Houses have a median rent of $620 while Units have a median rent of $620.
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