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Sold on 30 Apr 2024 for $415,000

3/119 Freshwater Street
Torquay QLD 4655

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 3/119 Freshwater St, Torquay

3/119 Freshwater St, Torquay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Torquay in the last 12 months.

Building Type
Unit

Last Listing description (April 2024)

Discover the charm and convenience of coastal living with this delightful 2-bedroom, 1-bathroom unit, perfectly positioned just a street away from the crystal-clear waters of Torquay's renowned beaches. This gem offers a tranquil retreat with profitable potential, making it an ideal choice for both investors and home-seekers.

The heart of this home is the open-plan living area, where you can unwind or entertain with ease. Adjacent to this space, the kitchen serves up functionality and style, equipped with appliances and storage. Whether you're whipping up a quick meal or hosting friends, this kitchen handles it all effortlessly.

Living here means you're never far from the best Torquay has to offer. A brief stroll brings you to the Esplanade lined with trendy cafes, restaurants, and boutique shops. Everything you need is at your fingertips, ensuring your days are as active or relaxed as you desire.

Currently tenanted at $450 per week until the end of October, this property not only serves as a serene home but also as a wise investment. With a rental yield of nearly 5.4%, it stands out in the market, especially given the rarity of similar 2-bedroom units in this sought-after area.

This unit's proximity to the beach elevates its appeal, offering you the lifestyle of your dreams. Imagine mornings walking on the sand, afternoons dipping into the ocean, and evenings enjoying sunsets that paint the sky-this could be your everyday reality.

Don't miss this opportunity to own a slice of Torquay's paradise. Whether you're looking to invest or nest, this unit promises to make your next move a success. Come see why life is better by the beach!

*Some photos have boundaries which are only to provide an indication of the property location. Other photos have virtually staged furniture.

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Property History for 3/119 Freshwater St, Torquay, QLD 4655

A timeline of how this property has performed in the market
Last Sold
$415,000
30 Apr 2024
Listed for Rent
$450/w
16 Oct 2023
  • 30 Apr 2024
    Sold for $415,000
  • 26 Apr 2024
    Listed for Sale $415,000
  • 20 Sep 2023
    Listed for Rent $450 / week
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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 3,598 properties. Over the last 5 years, Houses in Torquay have seen a 91.23% increase in median value, while Units have seen a 101.78% increase. As at 30 November 2024:

  • The median value for Houses in Torquay is $662,412 while the median value for Units is $490,418.
  • Houses have a median rent of $520 while Units have a median rent of $460.
There are currently 42 properties listed for sale, and 13 properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 206 properties were sold in the past 12 months in Torquay.

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