52 Paramount TerraceSeven Hills QLD 4170
Property Details for 52 Paramount Tce, Seven Hills
52 Paramount Tce, Seven Hills is a 0 bedroom, 0 bathroom House and was built in 2022. The property has a land size of 422m2 and floor size of 235m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (August 2023)
Full Information Memorandum Available Upon Request from Agent - Including a detailed financial breakdown, property information and more.
3D Virtual Tour Links:
Unit 1 - https://my.matterport.com/show/?m=BUHLYADxPMs
Unit 3 - https://my.matterport.com/show/?m=FXjPhrFfEA5
Unit 4 - https://my.matterport.com/show/?m=yT4VEX84pPH
Unit 5 - https://my.matterport.com/show/?m=ggLesELuM9M
Common & External - https://my.matterport.com/show/?m=K6vskWHUbEY
- -
A new opportunity has forced the sale of this high-quality asset creating an opportunity the astute investor would not want to miss.
Situated in the in-demand, high growth suburb of Seven Hills, being located approximately 7.6kms from the CBD there is immense long term upside potential on offer here - A Rooming House with 5 individual, fully furnished units located on one title perched on a 444m2 block capturing views to East
With a current gross rental yield of $133,120pa and operating costs of $16,374.64 - a Net Yield of $116,745.36 is on offer. With strong rental price growth being experienced due to Brisbane's growing population and under-supply of rental stock - few signs point to this slowing down anytime soon especially considering the upcoming Olympics and several key infrastructure projects.
This unique asset class provides stable long term residential tenancies with an extremely low vacancy rate.
Where this property differs from most other Rooming House developments is that it has been strategically developed in a high-quality suburb with a lack of any affordable or entry level unit stock therefore making strong rental demand now and into the future very likely. Couple this with the growth rates which a suburb like Seven Hills sees and it becomes a compelling long-term opportunity seldom available.
Property History for 52 Paramount Tce, Seven Hills, QLD 4170
- 13 Jul 2023Sold for $1,600,000
- 30 Mar 2023Listed for Sale Offers Over $1.6m
- 19 Feb 2021Sold for $563,000
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/j7chcof6dai63olhqv4dxu6vwy?signature=eb4a453d0ae27171461cee6a1898d3619a697910ca917341eeb3e1349177811d){kind=logo}
0
/assets/perm/n5dwzew4myi63lfvdem3sjlqiy?signature=b8cfac2f9bb7bb67fddc8c255dda467db16f2804eb8590292f53d887d98f02b2){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Seven Hills 4170
The size of Seven Hills is approximately 1.6 square kilometres. It has 7 parks covering nearly 39.5% of total area. The population of Seven Hills in 2011 was 2,028 people. By 2016 the population was 2,210 showing a population growth of 9.0% in the area during that time. The predominant age group in Seven Hills is 40-49 years. Households in Seven Hills are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Seven Hills work in a professional occupation. In 2011, 65% of the homes in Seven Hills were owner-occupied compared with 70.4% in 2016.
Seven Hills has 1,205 properties. Over the last 5 years, Houses in Seven Hills have seen a 79.94% increase in median value, while Units have seen a 93.02% increase. As at 30 November 2024:
- The median value for Houses in Seven Hills is $1,664,495 while the median value for Units is $922,624.
- Houses have a median rent of $800 while Units have a median rent of $760.
Suburb Insights for Seven Hills 4170
Market Insights
Seven Hills Trends for Houses
N/A
N/A
View TrendN/A
N/A
Seven Hills Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
