SOLD
Sold on 26 Mar 2024 for $435,000

113/8 Varsityview Court
Sippy Downs QLD 4556

Bedrooms: 4
Bathrooms: 4
Car spaces: -
Land area: 93m2
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Sold By
McGrath Buderim (F)
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Property Details for 113/8 Varsityview Ct, Sippy Downs

113/8 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Unit and was built in 1995. The property has a land size of 93m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom Unit sold in Sippy Downs in the last 12 months.

Building Type
Unit
Year Built
1995
Land Size
93m2
Local Government
Sunshine Coast Regional
Lot/Plan
113/SP151749

Last Listing description (April 2024)

Presenting one of the highest cash flow investment units available anywhere in South East QLD.
This stunning apartment positioned perfectly within the 'Varsity' university complex comprises a well-designed 4 bedroom 4 bathroom configuration to maximise rental potential, while this highly desirable and well-appointed complex remains ever popular with renters. Boasting 4 individual student tenants on lease this amazing 'set and forget' high income investment opportunity is a rare offering that you definitely don't want to pass up

- Tenants paying an amazing current gross rent of $896 per week

- Fully leased with 4 individual rent-paying student tenants in residence
- Configured with large bedrooms accommodating desks, ceiling fans and built-ins
- Open plan, tiled and air-conditioned living and dining area opens to covered alfresco
- Sold fully furnished, including beds, chairs, desks, lounges, fridge, TV and Microwave
- Desirable ground floor north side position in excellent complex location
- Gated secure access complex with bicycle parking and individual dedicated car space
- 24 hour onsite tenant management, security and complex management staff
- Excellent facilities in complex including multiple pools, gym, games room and tennis
- Central location, easy walk to the University, transport, shops, and cafes
- Less than 15 minutes drive to pristine beaches and major shopping centres
- Approx. total Strata levies/body corporate outgoings of $2496 Per Quarter
- Building insurance, water usage and electricity usage all included
- High-demand complex, often fully let at zero vacancy with tenant waiting list
- No, it's not too good to be true, but you must act very quickly.

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Property History for 113/8 Varsityview Ct, Sippy Downs, QLD 4556

A timeline of how this property has performed in the market
Last Sold
$435,000
26 Mar 2024
  • 26 Mar 2024
    Sold for $435,000
  • 20 Mar 2024
    Listed for Sale Price Guide: $410,000 - $450,000
  • 23 Nov 2004
    Sold for $217,500

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About Sippy Downs 4556

The size of Sippy Downs is approximately 14.5 square kilometres. It has 20 parks covering nearly 57.6% of total area. The population of Sippy Downs in 2011 was 9,088 people. By 2016 the population was 10,281 showing a population growth of 13.1% in the area during that time. The predominant age group in Sippy Downs is 10-19 years. Households in Sippy Downs are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sippy Downs work in a professional occupation. In 2011, 54.7% of the homes in Sippy Downs were owner-occupied compared with 52.4% in 2016.

Sippy Downs has 4,910 properties. Over the last 5 years, Houses in Sippy Downs have seen a 80.57% increase in median value, while Units have seen a 84.61% increase. As at 31 July 2024:

  • The median value for Houses in Sippy Downs is $946,825 while the median value for Units is $590,398.
  • Houses have a median rent of $680 while Units have a median rent of $244.
There are currently 36 properties listed for sale, and 12 properties listed for rent in Sippy downs on OnTheHouse. According to CoreLogic's data, 246 properties were sold in the past 12 months in Sippy downs.

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