SOLD
Sold on 13 Aug 2024 for $850,000

304 Torquay Terrace
Torquay QLD 4655

Bedrooms: 9
Bathrooms: 5
Car spaces: 5
Land area: 2226m2
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Property Details for 304 Torquay Tce, Torquay

304 Torquay Tce, Torquay is a 9 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 2226m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 9 bedroom Unit sold in Torquay in the last 12 months.

Building Type
Unit
Land Size
2226m2
Local Government
Fraser Coast Regional
Lot/Plan
2/RP132722

Last Listing description (September 2024)

Conveniently located in an elevated central location sits this five unit complex. Positioned only 600 meters from the Esplanade, pristine beaches, hotels and shops, the property sits on a 2,226m2 (zoned high density) and should appeal to the savvy investor or developer. Boasting a combination of one and two bedroom units and offering excellent returns. This property is ideally suited to land bank for the future or would suit a multi residential development. This is a blue chip investment for the future at a very realistic asking price and represents a fantastic opportunity in the vibrant Hervey Bay market.

Property History for 304 Torquay Tce, Torquay, QLD 4655

A timeline of how this property has performed in the market
Last Sold
$850,000
13 Aug 2024
Listed for Rent
$170/w
12 Aug 2016
  • 13 Aug 2024
    Sold for $850,000
  • 05 Aug 2024
    Listed for Sale $850,000
  • 08 Nov 2019
    Listed for Rent $210 / 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 3,596 properties. Over the last 5 years, Houses in Torquay have seen a 91.86% increase in median value, while Units have seen a 91.75% increase. As at 30 September 2024:

  • The median value for Houses in Torquay is $651,788 while the median value for Units is $481,378.
  • Houses have a median rent of $500 while Units have a median rent of $460.
There are currently 49 properties listed for sale, and 14 properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 204 properties were sold in the past 12 months in Torquay.

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Brad Mitchell
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Carter Cooper Realty
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