SOLD
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Sold on 01 Jul 2024 for $440,000

57/8 Varsityview Court
Sippy Downs QLD 4556

Bedrooms: 4
Bathrooms: 4
Car spaces: 1
Floor area: 92m2
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Property Details for 57/8 Varsityview Ct, Sippy Downs

57/8 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Apartment with 1 parking spaces. The property has a floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom Apartment sold in Sippy Downs in the last 12 months.

Building Type
Apartment
Floor Size
92m2
Local Government
Sunshine Coast Regional
Lot/Plan
57/SP146377

Last Listing description (July 2024)

Amber Werchon Property is proud to introduce one of the most lucrative investment opportunities in South East Queensland, offering exceptional cash flow potential. This remarkable 4-bedroom, 4-bathroom apartment is strategically located within the renowned 'Varsity' university complex, offering a well-designed layout optimised for maximum rental income. Currently leased to four individual student tenants, this turnkey investment is currently generating an impressive gross rent of $910 per week.

Each bedroom is generously sized and includes a desk, ceiling fan, and built-in storage. The open-plan living and dining area is tiled and air-conditioned, opening onto a covered alfresco area. The property is sold fully furnished, including beds, chairs, desks, lounges, fridge, TV, and microwave. Situated on the ground floor, this north-facing unit enjoys a prime location within the complex.

Residents have access to excellent amenities, including multiple pools, a gym, games room, and tennis courts. The complex also offers secure gated access, bicycle parking, and an allocated car space for each unit. Additionally, there is 24-hour onsite tenant management, security, and complex management staff for a hassle-free investment experience. This high-demand complex is often fully let with zero vacancy and a tenant waiting list.

Conveniently located within the 'Varsity' university accommodation complex, this apartment offers an unparalleled high-yield opportunity for maximizing rental return. The central location allows for easy access to the university, public transport, shops, and cafes, with pristine beaches and major shopping centers less than a 15-minute drive away.

This apartment can be rented to university students for an effortless investment opportunity or owner-occupied for a convenient, low-maintenance home. Get in quick to secure this true 'set and forget' income opportunity."

Quay Ring Realty Pty Ltd working in conjunction with Amber Werchon

Property History for 57/8 Varsityview Ct, Sippy Downs, QLD 4556

A timeline of how this property has performed in the market
Last Sold
$440,000
01 Jul 2024
  • 01 Jul 2024
    Sold for $445,000
  • 09 May 2024
    Listed for Sale $440,000
  • 21 Apr 2022
    Sold for $387,500
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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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Teale Ring
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Rachael Allen
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AMBER WERCHON PROPERTY PTY LTD
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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.