42/8 Varsityview CourtSippy Downs QLD 4556
Property Details for 42/8 Varsityview Ct, Sippy Downs
42/8 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 99m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (July 2023)
This ultra high yield investment apartment is positioned perfectly within the very popular 'Varsity' university accommodation, a complex that is quickly becoming renowned in South East Queensland as one of the most incredible high cash flow investment opportunities available. Boasting a 4 bedroom, 4 bathroom layout, each bedroom is leased individually to maximize rental return, this is an ideal 'set and forget' income opportunity that can't be beaten, be sure to act fast to not miss out.
- An astonishing current gross rental return of $826 per week
- Fully leased with 4 rent-paying student tenants in occupation
- Fully gated secure access complex, with single dedicated car space
- Quiet and tucked away complex location with pool front views
- Fantastic complex facilities including 2 pools, tennis court, gym and more
- Central location, easy walk to the University, transport, shops, and cafes
- Less than 15 minutes drive to pristine beaches and major shopping centers
- Approx. Strata fees; Admin fund $2,178 p/q, Sinking fund approx. $79 p/q
- Water usage and electricity all included, Council rates approx. $2295 PA
- High-demand complex in a high-growth location, currently at zero vacancy.
Property History for 42/8 Varsityview Ct, Sippy Downs, QLD 4556
- 09 Jun 2023Listed for Sale Not Disclosed
- 03 May 2023Sold for $395,000
- 08 Nov 2022Listed for Sale Offers over $369,000
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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 4,865 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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