OFF MARKET

77/4-20 Varsityview Court
Sippy Downs QLD 4556

Bedrooms: 4
Bathrooms: 4
Car spaces: 1
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Last updated 11 Nov 2024
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Property Details for 77/4-20 Varsityview Ct, Sippy Downs

77/4-20 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Sunshine Coast Regional

Last Listing description (June 2019)

Varsity Apartment's Investment Opportunity
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 06/01/2020 @ $196 p/week
- Room 2: Leased till 06/01/2020 @ $196 p/week
- Room 3: Leased till 06/01/2020 @ $196 p/week
- Room 4: Leased till 01/07/2019 @ $210 p/week
Total weekly rent: $798.00

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.

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Property History for 77/4-20 Varsityview Ct, Sippy Downs, QLD 4556

A timeline of how this property has performed in the market
  • 11 Jun 2019
    Listed for Sale $235,000 negotiable

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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 4,864 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.
There are currently 25 properties listed for sale, and 6 properties listed for rent in Sippy downs on OnTheHouse. According to CoreLogic's data, 242 properties were sold in the past 12 months in Sippy downs.

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