52 Paramount TerraceSeven Hills QLD 4170
Property Details for 52 Paramount Tce, Seven Hills
52 Paramount Tce, Seven Hills is a 5 bedroom, 5 bathroom BlockOfUnits with 5 parking spaces. The property has a land size of 444m2 and floor size of 300m2. While the property is not currently for sale or for rent, it was last sold in August 2023. There are other 5 bedroom BlockOfUnits sold in Seven Hills in the last 12 months.
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
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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
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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 1,204 properties.
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