4/147 Prince Edward ParadeScarborough QLD 4020
Property Details for 4/147 Prince Edward Pde, Scarborough
4/147 Prince Edward Pde, Scarborough is a 8 bedroom, 6 bathroom Unit with 5 parking spaces and was built in 1980. The property has a land size of 611m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (April 2023)
The Mews at Scarborough is as a complete block of 4 strata titled residences on a massive 1,229m2 prime site and offers an array of opportunities to the astute investor.
Ideally positioned just a short stroll to the iconic Queens Beach with its expansive sandy stretch of blue water heaven, this outstanding property represents a slice of the emerging Redcliffe Peninsula sought-after lifestyle.
The property currently consists of :
Residence 2 - 1 bed 1 bath 1 car 129m2
Residence 3 - 3 bed 3 bath 2 car 245m2 Private courtyard with pool
Residence 4 - 2 bed 1 bath 1 car 103m2
The well-maintained complex is fully tenanted and currently has a gross return of $1,635 per week which could be substantially increased with renovation.
Unit 3 is a double storey 245m2 residence and was originally built as a main home with Units 1,2 and 4 providing an investment income. It enjoys a separate private leafy position with fully fenced yard, sparkling inground pool and double lock up garage.
The combination of living in a beachside home with the benefit of earning investment income is one of the many options of this unique property. The second option is to renovate and increase investment return.
The large 1229m2 block provides a development opportunity to remove the existing units and utilise the 3-storey zoned area for a brand-new complex.
Close to Scarborough's Public and Private schools, trade college and transport, the beautiful Seaside Village, cafes, restaurants, bike paths, boat ramp and shops, 147 Prince Edward Parade is in one of the best positions on the Redcliffe Peninsula and will ensure an extraordinary long-term investment with its endless possibilities.
Do not miss this opportunity - call Cameron Campbell 0419 785 854 today to organise your private inspection.
Property History for 4/147 Prince Edward Pde, Scarborough, QLD 4020
- 16 Feb 2023Sold for $1,860,500
- 02 Aug 2022Listed for Sale Expressions of Interest
- 05 Oct 2021Sold for $1,800,000
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0About 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 4,950 properties. Over the last 5 years, Houses in Scarborough have seen a 81.95% increase in median value, while Units have seen a 91.02% increase. As at 31 October 2024:
- The median value for Houses in Scarborough is $1,064,401 while the median value for Units is $895,953.
- Houses have a median rent of $635 while Units have a median rent of $628.
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