1/404 Esplanade Torquay QLD 4655
Property Details for 1/404 Esplanade, Torquay
1/404 Esplanade, Torquay is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1971. The property has a land size of 211m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
Last Listing description (October 2016)
Positioned in the heart of Hervey Bay, close to cafe?s, boutiques, restaurants and the beach, this is a great chance to purchase a very affordable investment property in one of the most sought after areas in the Bay.
Free standing investment lot with two tenanted units, facing Freshwater St (part of unit complex under group title)
Upstairs has an updated kitchen, polished flooring, two bedrooms, one bathroom and lounge leading onto balcony
Both units have a single garage and access off both the Esplanade and Freshwater Street.
Returning $425 per week, body corp only $2,907.60 (approx) after discounts
This is a genuine opportunity to purchase quality real estate with enormous potential with great returns (do your sums). Extremely motivated sellers are ready to sell and have priced this to meet the market.
Property History for 1/404 Esplanade, Torquay, QLD 4655
- 19 Aug 2016Sold for $308,000
- 19 May 2016Listed for Sale $329,000
- 10 Mar 2014Listed for Sale $310,000
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About Torquay 4655
The size of Torquay is approximately 4.3 square kilometres. It has 15 parks covering nearly 13% of total area. The population of Torquay in 2011 was 6,025 people. By 2016 the population was 6,331 showing a population growth of 5.1% in the area during that time. The predominant age group in Torquay is 60-69 years. Households in Torquay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation. In 2011, 51.2% of the homes in Torquay were owner-occupied compared with 53.2% in 2016.
Torquay has 3,595 properties. Over the last 5 years, Houses in Torquay have seen a 86.46% increase in median value, while Units have seen a 102.27% increase. As at 31 October 2024:
- The median value for Houses in Torquay is $646,130 while the median value for Units is $503,178.
- Houses have a median rent of $500 while Units have a median rent of $465.
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