117/4-20 Varsityview CtSippy Downs QLD 4556
Property Details for 117/4-20 Varsityview Ct, Sippy Downs
117/4-20 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Unit with 1 parking spaces.
Last Listing description (July 2021)
Resort lifestyle within walking distance of the Sunshine Coast University. This entry level investment opportunity offers a secure complex ticking all the boxes for the investor and a very sought-after rental return.
The Varsity complex offers affordable student accommodation to our local and out of town University students. It also offers loads of extra benefits including a 30 meter lap pool, another leisure pool, tennis court, basketball court, large indoor common area, gym and several communal areas.This fully self-contained and furnished apartment has 4 lockable bedrooms incorporating its own ensuite. Each bedroom rents for either $196 p/w or $210 p/w.
This is a great investment for the family with son or daughter attending the Sunshine Coast University needing accommodation and security. While at the same time giving you the investor a handsome return as you rent the other 3 rooms.
Current leases:
Room 1: Leased 13/07/2020 till 6/12/2021 @ $196 per week
Room 2: Leased 21/09/20 till 6/12/2021 @ $196 per week
Room 3: Leased 25/01/21 till 10/01/2022 @ $196 per week
Room 4: Leased 1/03/2021 till 6/12/2021 @ $210 per week
Total rent: $798 per week
Property features:
- 4 beds
- 4 en-suites
- Common lounge room/dining
- A/C in living area
- Potential 7.5% Net R.O.I
Complex features:
- Large leisure pool & additional 30m lap pool
- Large indoor communal/games room
- Outdoor beach volleyball court
- Indoor gym
- On-site management
- Full time gardeners & on-site care takers
- Quick & easy walking access to the Sunshine Coast University
- Undercover car park in complex & on-street parking
- Gated & secure complex
NOTE: You will need a 40% deposit if you require lending.
Property History for 117/4-20 Varsityview Ct, Sippy Downs, QLD 4556
- 03 Mar 2021Listed for Sale $235,000
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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 4,865 properties. Over the last 5 years, Houses in Sippy Downs have seen a 69.86% increase in median value, while Units have seen a 76.95% increase. As at 31 October 2024:
- The median value for Houses in Sippy Downs is $898,708 while the median value for Units is $562,553.
- Houses have a median rent of $680 while Units have a median rent of $535.
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