SOLD
Sold on 16 Apr 2024 for $483,000

22/23 Scholars Drive
Sippy Downs QLD 4556

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 100m2
Land area: 117m2
Sold By
Joy Realty Sunnybank
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Property Details for 22/23 Scholars Dr, Sippy Downs

22/23 Scholars Dr, Sippy Downs is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 1997. The property has a land size of 117m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Townhouse sold in Sippy Downs in the last 12 months.

Building Type
Townhouse
Year Built
1997
Floor Size
100m2
Land Size
117m2
Local Government
Sunshine Coast Regional
Lot/Plan
22/BUP104480

Last Listing description (July 2024)

The Village complex is located on the southern side of Scholars Drive on the Sunshine Coast Queensland. It is a purpose-built student accommodation complex primarily catering for the needs of students. It is adjacent to the University of the Sunshine Coast and directly opposite a Primary school. Currently Unit 22 is rented by the room to University students and forms part of a secure and gated complex with 24 hour on-site management and security, a four lane 25m lap pool, two further leisure pools, tennis court, basketball court and multiple BBQ facilities. The complex is within easy walking distance of one of the fastest growing universities, a bus stop, IGA, local shops and cafes. The Village always has 100% occupancy along with a long waiting list of potential tenants. There is also a strong demand from the rental market and owner/occupiers.
The villa is for sale fully furnished, including a refrigerator and microwave, however a complete list of items included can be obtained from the agent.

Rental Income:

A room - Leased at $275.55 until 09/01/2025
B room - Leased at $170.55 until 09/01/2025
C room - Leased at $170.55 until 09/01/2025

Total income: $616.65 net p/week / $32,065 per year

Property features:
Leased until 09/01/2025 @ $616.65 net p/week
Body corporate fees: $7000 p/year approx
Council rates: $2,500 p/year approx
Three spacious bedrooms with built in robes, ceiling fans and built-in desks
2.5 bathrooms
Fully furnished
Tiled open plan lounge/dining
Private courtyard, paved and large size
Separate laundry with washer and dryer
Single lock up garage
New roof & garage door with recent insurance claim (hail)
Exterior has been completely repainted
100% complex occupancy with waiting list

Complex features:
Gated complex for security
24hr on-site management & security
4 lane 25m lap pool & 2 leisure pools
Floodlit tennis & basket ball courts
Shared electric BBQ areas

Location features:
Adjoining the Sunshine Coast University, blue chip location

Walking distance to IGA complex on Scholars Dr with Italian and Japanese restaurants
Opposite Chancellor State College Primary campus and a short walk to Chancellor State College Secondary campus
Childcare centre and shopping complex in the same street with takeaway convenience, and only a short walk to Chancellor Park Shopping Centre

15 mins to Mooloolaba Main Beach*

15 mins to Sunshine Coast University Hospital

Less than 20 mins to Sunshine Coast Airport

Contact Susanna on 0407 751 170 today to arrange your private inspection or register for upcoming open homes.

Disclaimer: Photos may be of a similar unit in the complex, display only. We have in preparing this information used our best endeavour to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.

Property History for 22/23 Scholars Dr, Sippy Downs, QLD 4556

A timeline of how this property has performed in the market
Last Sold
$483,000
16 Apr 2024
  • 16 Apr 2024
    Sold for $483,000
  • 05 Mar 2024
    Listed for Sale Not Disclosed
  • 29 Jul 1996
    Sold for $135,900

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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.

Suburb Insights for Sippy Downs 4556

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.