119/4-20 Varsityview CourtSippy Downs QLD 4556
Property Details for 119/4-20 Varsityview Ct, Sippy Downs
119/4-20 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Unit with 1 parking spaces.
Last Listing description (November 2019)
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 $196 p/w to $210 p/w or avg. $3,350 per month depending on the semester.
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 till 9th December @ $210 p/week
- Room 2: Leased till 9th December @ $210 p/week
- Room 3: Leased till 9th December @ $210 p/week
- Room 4: Currently advertised for rent
Total weekly rent: $630 p/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 in either cash or property equity - financial lenders requirement
Property History for 119/4-20 Varsityview Ct, Sippy Downs, QLD 4556
- 25 Sep 2019Listed for Sale SOLD by Dallas Foster
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0About 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 4,912 properties. Over the last 5 years, Houses in Sippy Downs have seen a 69.48% increase in median value, while Units have seen a 78.71% increase. As at 31 January 2025:
- The median value for Houses in Sippy Downs is $913,687 while the median value for Units is $602,872.
- Houses have a median rent of $693 while Units have a median rent of $585.
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