OFF MARKET

8 Chester Street
Thursday Island QLD 4875

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 155m2
Land area: 1012m2
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Property Details for 8 Chester St, Thursday Island

8 Chester St, Thursday Island is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 2013. The property has a land size of 1012m2 and floor size of 155m2. While the property is not currently for sale or for rent, it was last sold in October 2009.

Building Type
House
Year Built
2013
Floor Size
155m2
Land Size
1012m2
Local Government
Torres
Lot/Plan
2/RP716173

Last Listing description (May 2009)

VACANT LAND WITH MULTI UNIT DWELLING APPROVAL
BLOCKS OF RESIDENTIAL LAND ARE A RARE COMMODITY ON THURSDAY ISLAND, WHICH IS THE MAIN ADMINISTRATIVE CENTRE FOR THE TORRES STRAITS. THIS BLOCK IS ELEVATED TO CATCH THE COOLING SEA BREEZES AND IS ONLY TWO STREETS FROM THE SEA. IT IS IN EASY WALKING DISTANCE TO THE TOWN CENTRE, WHARVES AND THE HOSPITAL.
APPROVED PLANS ALLOW FOR A 3 HOME UNIT DEVELOPMENT WITH A TOTAL OF 15 BEDROOMS, EACH WITH ITS OWN ENSUITE. THE PLANS MIGHT ALSO ALLOW FOR THE POSSIBILITY OF STRATA TITLING THESE UNITS.

WITH THE CURRENT ACUTE SHORTAGE OF SECURE, MODERN STANDARD RENTAL ACCOMMODATION ON THURSDAY ISLAND, AN ASTUTE BUYER SHOULD INVESTIGATE THE GENEROUS RATE OF RETURNS WHICH MIGHT FLOW FROM A DEVELOPMENT SUCH AS THAT CONTAINED IN THE APPROVED PLANS.
ASKING PRICE: $460,000 NEGOTIABLE.
FOR FURTHER DETAILS CONTACT: KEVIN LEWIS. SALES REPRESENTATIVE. QUAID REAL ESTATE. CAIRNS. PHONE: 0740513300. MOBILE: 0409056927

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Property History for 8 Chester St, Thursday Island, QLD 4875

A timeline of how this property has performed in the market
Last Sold
$365,000
15 Oct 2009
  • 15 Oct 2009
    Sold for $365,000
  • 08 Jun 2008
    Listed for Sale $460,000 NEGOTIABLE
  • 29 Sep 2006
    Sold for $295,000
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About Thursday Island 4875

The size of Thursday Island is approximately 3.6 square kilometres. The population of Thursday Island in 2011 was 2,610 people. By 2016 the population was 2,946 showing a population growth of 12.9% in the area during that time. The predominant age group in Thursday Island is 0-9 years. Households in Thursday Island are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Thursday Island work in a professional occupation. In 2011, 10.2% of the homes in Thursday Island were owner-occupied compared with 9.6% in 2016.

Thursday Island has 645 properties. Over the last 5 years, Houses in Thursday Island have seen a -34.97% decrease in median value, while Units have seen a 27.64% increase. As at 31 October 2024:

  • The median value for Houses in Thursday Island is $297,724 while the median value for Units is $407,754.
There are currently no properties listed for sale, and no properties listed for rent in Thursday island on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Thursday island.

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