8 Paradise DriveTamborine Mountain QLD 4272
Property Details for 8 Paradise Dr, Tamborine Mountain
8 Paradise Dr, Tamborine Mountain is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1987. The property has a land size of 1328m2 and floor size of 221m2. While the property is not currently for sale or for rent, it was last sold in November 2015.
Last Listing description (March 2016)
Find a bank that will offer you this kind of return on your investment. This is a solid, updated house presenting well that should not have a major maintenance issues for the foreseeable future. It also has enough potential to revisit in 10 years time and really reap the capital gain that a makeover and normal market increases will attract.
Rental 1 - Conservative Income $550 pew week
~ Four King Sized bedrooms
~ Formal lounge
~ Rumpus room - 6.5 x 8.5 m
~ Kitchen with dishwasher & pantry
~ Dining room
~ Study
~ Deck & Patio
~ Covered Veranda with panoramic views
~ Family sized laundry
Rental 2 - Conservative Income $200 per week
~ 1 bedroom
~ Bathroom with plenty of room for a washing machine
~ Lounge room
~ Deck
The Property itself lends itself to be dual occupancy as the cottage is located away from the main house, there is plenty of off street parking and a double carport with easy access to both homes. Its a big block split into two terraces with low maintenance gardens and there is plenty of water with two concrete water tanks and access to a bore.
For Capital gain other than normal market increases over time, the property benefits from stunning coastal views and is in a prestige street, renovate and extend later on to reap the rewards
Property History for 8 Paradise Dr, Tamborine Mountain, QLD 4272
- 11 Nov 2015Sold for $560,000
- 09 Oct 2015Listed for Sale Offers over $570,000
- 09 Apr 2015Listed for Sale $595,000 all offers considered
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0About 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.
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