OFF MARKET

12 North Street
Tamborine Mountain QLD 4272

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 87m2
Land area: 1133m2
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Property Details for 12 North St, Tamborine Mountain

12 North St, Tamborine Mountain is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 1133m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1980
Floor Size
87m2
Land Size
1133m2
Local Government
Scenic Rim Regional
Lot/Plan
15/RP32136

Last Listing description (November 2024)

This property represents an exceptional investment opportunity, featuring a highly desirable location and significant potential. Situated just a short walk from town, this 1138m flattish block is a rare find in the area. The property includes two units with an estimated rental income of $680 per week, but its prime location also makes it ideal for Airbnb or short-term holiday rentals.
Use it to generate income while enjoying the flexibility of a versatile asset that you could redevelop later.

Property Highlights:

Prime Location: Short walk to town amenities, reducing the need for a car.
Expansive Land: 1138m flat block-ideal for future development or as a land bank.
Strong Rental Income: Estimated $680 per week for long-term rental; excellent potential for short-term holiday letting.

Unit 1 Features:

Lounge Room: Equipped with air conditioning and a wood stove for year-round comfort.
Patio: North-facing, sunny, and covered-perfect for relaxing.
Main Bedroom: Features a wall of robes and access to the rear garden.
Additional Room: Second bedroom or study.
Kitchen: Modern with electric cooking facilities.
Bathroom: Includes a European laundry.

Unit 2 Features:

Sitting Room: Air-conditioned for comfort.
Bedroom: Spacious and functional.
Shower Room: Includes a separate powder room.

Outdoor Features:

Front Covered Patio: Welcoming and shaded for outdoor enjoyment.
Undercover Connection: Convenient link between both units.
Rear Covered Patio: Ideal for entertaining or relaxing.
Carport & Concrete Driveway: Provides ample parking space.
Gardens: Mature formal front garden and a bushy, grassed rear garden with lawns.
Garden Shed: For additional storage.

This property is not only a solid investment with its current rental potential but also a fantastic opportunity for future development. Whether you choose to move in, develop, or use it as an income-generating asset, its location and features offer remarkable value.

Price: All offers over $799,000 will be considered. Move-in ready with extensive potential for enhancement or development.

Act Now: Don't miss this chance to secure a prime piece of real estate. Contact us today to explore the possibilities.

Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information.

Property History for 12 North St, Tamborine Mountain, QLD 4272

A timeline of how this property has performed in the market
Last Sold
$705,000
18 Nov 2021
Listed for Rent
31 Oct 2024
  • 15 Oct 2024
    Listed for Rent $680 / week
  • 21 Aug 2024
    Listed for Sale $750,000 - $800,000
  • 30 Mar 2023
    Listed for Rent $550 / week
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About Tamborine Mountain 4272

The size of Tamborine Mountain is approximately 42.5 square kilometres. It has 29 parks covering nearly 16.1% of total area. The population of Tamborine Mountain in 2011 was 7,030 people. By 2016 the population was 7,498 showing a population growth of 6.7% in the area during that time. The predominant age group in Tamborine Mountain is 60-69 years. Households in Tamborine Mountain are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tamborine Mountain work in a professional occupation. In 2011, 77.1% of the homes in Tamborine Mountain were owner-occupied compared with 79% in 2016.

Tamborine Mountain has 4,052 properties. Over the last 5 years, Houses in Tamborine Mountain have seen a 83.01% increase in median value, while Units have seen a 87.04% increase. As at 31 October 2024:

  • The median value for Houses in Tamborine Mountain is $1,035,052 while the median value for Units is $642,313.
  • Houses have a median rent of $730 while Units have a median rent of $350.
There are currently 120 properties listed for sale, and 10 properties listed for rent in Tamborine mountain on OnTheHouse. According to CoreLogic's data, 186 properties were sold in the past 12 months in Tamborine mountain.

Suburb Insights for Tamborine Mountain 4272

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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.