SOLD
Sold on 13 Feb 2024 for $423,500

5/394 Esplanade
Torquay QLD 4655

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 96m2
Land area: 108m2
Sold By
Lisa Smith
Realway Property Consultants Hervey Bay
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Property Details for 5/394 Esplanade, Torquay

5/394 Esplanade, Torquay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 108m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Torquay in the last 12 months.

Building Type
Unit
Year Built
1982
Floor Size
96m2
Land Size
108m2
Local Government
Fraser Coast Regional
Lot/Plan
5/BUP5278

Last Listing description (May 2024)

Welcome to your fully furnished two-bedroom unit with a relaxing balcony. Nestled opposite the renowned Torquay Beach and within a leisurely stroll to local shops, cafes, and restaurants, this coastal unit promises an enviable lifestyle like no other.
With the added convenience of an underground car park, you can bid farewell to parking hassles and head out to explore the many attractions Torquay has to offer. Spend your days indulging in water sports, exploring nature walkways, or simply relaxing on the sandy shores, all within easy reach of your beachside abode.
Features Include -

- Two bedrooms with built-ins
- Two-way bathroom
- Separate toilet with own wash basin
- Open Plan living area with access to balcony
- Dining area with storage cupboard
- Kitchen with dishwasher
- Laundry
- Secure Underground carparking
- Rental return $440 per week
- Low Body Corporate
This apartment also presents an exceptional investment opportunity, with low body corporate fees ensuring minimal expenses while maximizing your rental returns. Achieving an impressive $440 per week, this property is a prime option for savvy investors looking for solid rental income.
Don't miss out on your chance to secure your very own seaside oasis - a perfect blend of relaxation, convenience, and investment potential. Act now and call me today to own a piece of paradise in one of Australia's most sought-after coastal destinations.

Property History for 5/394 Esplanade, Torquay, QLD 4655

A timeline of how this property has performed in the market
Last Sold
$423,500
13 Feb 2024
Listed for Rent
$440/w
18 Sep 2023
  • 13 Feb 2024
    Sold for $423,500
  • 04 Sep 2023
    Listed for Rent $440 / week
  • 09 Aug 2023
    Listed for Sale Offers from $419,000
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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 3,594 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.
There are currently 47 properties listed for sale, and 15 properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 209 properties were sold in the past 12 months in Torquay.

Suburb Insights for Torquay 4655

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.