SOLD
Sold on 10 Nov 2023 for $385,000

114/8 Varsityview Court
Sippy Downs QLD 4556

Bedrooms: 4
Bathrooms: 4
Car spaces: 1
Land area: 93m2
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Sold By
Ben Hamilton
McGrath Buderim and Mooloolaba
Miles Brechelt
McGrath Buderim and Mooloolaba
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Property Details for 114/8 Varsityview Ct, Sippy Downs

114/8 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 93m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 4 bedroom Unit sold in Sippy Downs in the last 12 months.

Building Type
Unit
Year Built
2004
Land Size
93m2
Local Government
Sunshine Coast Regional
Lot/Plan
114/SP151749

Last Listing description (November 2023)

Situated within the highly renowned 'Varsity' university accommodation complex, this exceptional apartment redefines the concept of high-yield investments. Boasting a tailor-made approach for savvy investors seeking a consistent stream of income that practically manages itself. With its 4 bedroom, 4 bathroom layout, each bedroom is leased individually, ensuring maximum rental returns for an investment that truly epitomizes "set it and forget it."

- Currently yielding a remarkable $868/week in gross rental income
- All four bedrooms currently occupied by paying student tenants

- Open-plan living and dining spaces with air-conditioning with covered alfresco area
- Prime complex position nestled in the back corner with no left or back neighbour
- Gated complex with, secure access, undercover parking, and ample on-street parking
- 24/7 on-site management team, amenities include two pools, tennis court, gym
- Situated centrally, a short stroll to the university, transportation, shops, and cafes
- Less than a 15-minutes drive to beaches, shopping centers and highway access to Brisbane

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Property History for 114/8 Varsityview Ct, Sippy Downs, QLD 4556

A timeline of how this property has performed in the market
Last Sold
$385,000
10 Nov 2023
  • 17 Nov 2023
    Listed for Sale Offers Invited
  • 10 Nov 2023
    Sold for $385,000
  • 18 Sep 2023
    Listed for Sale Offers Invited
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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 4,859 properties. Over the last 5 years, Houses in Sippy Downs have seen a 75.95% increase in median value, while Units have seen a 90.14% increase. As at 30 September 2024:

  • The median value for Houses in Sippy Downs is $930,118 while the median value for Units is $562,316.
  • Houses have a median rent of $690 while Units have a median rent of $235.
There are currently 27 properties listed for sale, and 12 properties listed for rent in Sippy downs on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Sippy downs.

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