118/8 Varsityview CourtSippy Downs QLD 4556
Property Details for 118/8 Varsityview Ct, Sippy Downs
118/8 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Unit 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 October 2020.
Last Listing description (November 2020)
Very big return! potential for approx 9% return on a very small investment price. Return is calculated at 100% occupancy. What kind of return would you get from the bank? if you had spare cash sitting around, certainly nothing close to 8 or 9%!
Dont delay, this is a realistic vendor who is is serious about selling asap and has listed this unit at the lowest advertised price than any other in the complex. Representing awesome value, the unit also boasts solid occupancy rates. Dont be put off by the negative media around the student accommodation space, as the Sunshine Coast is defying all the trends.
Its no surprise that buyers and renters are currently flocking here to a safe and healthy environment, skipping the big city centres, well so are the investors.! Room rentals are in short supply across the coast and who would argue with living and studying in such a perfect coastal location. Since property sales have been taking off for the past few weeks, NOW is the time to buy and ride the price surge.
This unit is a popular student choice with pool and amenities right at the doorstep. Public transport and university just a short stroll away. 5 minute drive to supermarket and Bruce highway. Just over an hour drive to Brisbane. The Sunshine Coast also boasts amazing infrastructure growth with new International airport, new CBD and new hospital precinct all within 15minutes of the property. Now is the time to invest in this booming region.
The unit is undoubtedly in the best position in the complex, since it is the pick of locations for students. The unit is managed by external property managers and has solid occupancy rates and returns close to 9%.
The unit includes:
- 4 en-suited ground floor bedrooms
- Shared kitchen and living spaces with outdoor area
- Fully equipped and furnished unit
- Lounge area with air-conditioning, 3 seater lounge and chair, quality TV
- Outdoor entertaining area with 7 piece wooden setting
- Included fortnightly common area cleaning service, so your investment is regularly cleaned and cared for.
Each room contains:
- Double bed with quality mattress
- 2 large storage cupboards / wardrobes in each room
- Study desk area with gas lift chair and desk lamp
- Telephone with free inter complex calls and link to front gate and security
- Television aerial point
- En-suite with shower, vanity and toilet
- Bedside table
- Ceiling fan
This is resort style living in a safe environment with 24hr security. 5 minute walk to University and transport.
The complex also includes-
- 2 swimming pools (lap pool & lagoon pool)
- Fully equipped gym
- Tennis court
- 3 BBQs
- Beach volleyball court
- Recreation room, table tennis, music etc
- Common commercial shared laundries
- 24hr security with onsite managers as well
- Gated and secure complex
- Undercover and street parking
Body corporate fees, disclosure statement on request
Council rates approx $550/quarter
Rent at full occupancy is $700/wk
NOTE. Internal photos are indicative and may vary slightly. Floorplan is mirror reverse.
Property History for 118/8 Varsityview Ct, Sippy Downs, QLD 4556
- 21 Oct 2020Sold for $210,000
- 01 Oct 2020Listed for Sale BIG PRICE REDUCTION 0/0ver $200,000!
- 26 Oct 2018Listed for Rent $150 / week
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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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