80 Eugaree StreetSouthport QLD 4215
Property Details for 80 Eugaree St, Southport
80 Eugaree St, Southport is a 6 bedroom, 2 bathroom House with 1 parking spaces and was built in 1965. The property has a land size of 708m2 and floor size of 180m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 6 bedroom House sold in Southport in the last 12 months.
Last Listing description (November 2024)
If you are looking to buy a block of units, this is a far superior alternative. You will be provided with a multiple income stream property sitting on a prime redevelopment site with a huge upside for exceptional future financial rewards.
Savvy investors, developers, builders and money makers, this is your chance to secure this totally unique buying opportunity. Two substantial homes comprising of five rental income streams occupy a rare 1,416m? double redevelopment site that would accommodate 53 units with the potential to increase this volume STCA.
With redevelopment land of this calibre in this highly sought after pocket becoming literally impossible to acquire, you will need to act fast.
THE CHOICE IS YOURS...
1. BUY & HOLD for maximum income stream with exceptional capital growth
2. BUY, BUILD & SELL for maximum financial rewards
3. BUY, BUILD & RETAIN for maximum income and depreciation
80 Eugaree Street:
This classic residence has been split into three tenancies consisting of:
1x 3 bedroom unit
1x 2 bedroom unit
1x 1 bedroom unit
82 Eugaree Street:
This character home has been split into two tenancies consisting of:
2x 2 bedroom units
CURRENT RENTAL INCOME $2,570 PER WEEK WITH POTENTIAL TO READILY INCREASE.
Both of these properties benefit from progressive significant upgrades that include updated kitchens, bathrooms and decor throughout. In addition, the exterior of the properties have been refreshed e.g. paintwork, guttering and roofing. These improvements further ensure that the future owner will have minimal ongoing maintenance costs.
This property is perfectly located within walking distance to the new and exciting Queen Street Village development, light rail station, bus stop, schools and shops. The Southport CBD, Griffith University Hospital, Ferry Road Markets and the beautiful Broadwater Parkland precinct are all within immediate proximity.
Make no mistake, this is without doubt the best investment opportunity that will afford you an excellent income stream with enormous financial growth whether you develop, hold the site, or simply onsell it in the future.
Property History for 80 Eugaree St, Southport, QLD 4215
- 01 Nov 2024Sold for $3,150,000
- 29 Apr 2024Listed for Sale Expression of Interest
- 17 Nov 2021Sold for $1,260,000
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About Southport 4215
The size of Southport is approximately 14.6 square kilometres. It has 37 parks covering nearly 18.2% of total area. The population of Southport in 2011 was 28,314 people. By 2016 the population was 31,879 showing a population growth of 12.6% in the area during that time. The predominant age group in Southport is 20-29 years. Households in Southport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southport work in a professional occupation. In 2011, 41.2% of the homes in Southport were owner-occupied compared with 37.9% in 2016.
Southport has 19,536 properties. Over the last 5 years, Houses in Southport have seen a 71.54% increase in median value, while Units have seen a 97.15% increase. As at 31 October 2024:
- The median value for Houses in Southport is $1,056,663 while the median value for Units is $718,523.
- Houses have a median rent of $745 while Units have a median rent of $650.
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