8 Cottonwood PlaceTaranganba QLD 4703
Property Details for 8 Cottonwood Pl, Taranganba
8 Cottonwood Pl, Taranganba is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1989. The property has a land size of 192m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in January 1988.
Last Listing description (September 2024)
Discover an outstanding investment opportunity on the Capricorn Coast with this conveniently located Duplex. Just minutes from public transport, primary schools, childcare, Cedar Park Shopping Centre, and the Capricorn Tavern, this property offers easy access to all essential amenities. A short walk will take you to the beautiful Lammermoor Beach, adding to the appeal of this prime location.
Set on two separate titles, and situated on a fully fenced 792m allotment consisting of two stand alone units. Unit 1 spans 100m, while Unit 2 covers 92m. Both units overlook the tranquil Taranganba Park, known for its abundant bird life. Designed for low-maintenance living, each unit features air conditioning, three spacious bedrooms, two living areas, a bathroom, separate laundry, and toilet, termite barrier and garden shed.
Currently home to two fantastic tenants, Apartment 1 is leased at $400 per week until July 30, 2025, and Apartment 2 at $370 per week until February 28, 2025. There's potential to increase the rental income to $500 and $480 per week, respectively. With NO BODY CORPORATE FEES, this property offers a trouble-free investment opportunity, allowing you to sit back and watch your investment grow.
Property History for 8 Cottonwood Pl, Taranganba, QLD 4703
- 06 Sep 2024Listed for Sale Offers over $800,000 considered
- 30 May 2019Listed for Sale $440,000
- 26 Jul 2018Listed for Sale $475,000
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0About Taranganba 4703
The size of Taranganba is approximately 2.1 square kilometres. It has 2 parks covering nearly 6.5% of total area. The population of Taranganba in 2011 was 2,429 people. By 2016 the population was 2,277 showing a population decline of 6.3% in the area during that time. The predominant age group in Taranganba is 50-59 years. Households in Taranganba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Taranganba work in a professional occupation. In 2011, 66.7% of the homes in Taranganba were owner-occupied compared with 66.3% in 2016.
Taranganba has 1,149 properties. Over the last 5 years, Houses in Taranganba have seen a 99.84% increase in median value, while Units have seen a 118.86% increase. As at 31 October 2024:
- The median value for Houses in Taranganba is $727,269 while the median value for Units is $489,788.
- Houses have a median rent of $620 while Units have a median rent of $460.
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