9/407 Esplanade Torquay QLD 4655
Property Details for 9/407 Esplanade, Torquay
9/407 Esplanade, Torquay is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 103m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (September 2023)
Located in central Hervey Bay right opposite the beach, close to many Restaurants, Cafe's & retail in a well-maintained complex of seventeen units. These units are tightly held and rarely become available.
Two bedrooms, with ensuite, located on second floor
Full size kitchen with dishwasher & ample storage
Second bathroom/laundry combination
Wrap around balcony for BBQ & entertaining
Single garage with remote access + guest parking for visitors
Unit located at the rear of complex away from the main road
Split system air conditioner in lounge & both bedrooms
Secure gated access front & back of complex (two street frontage)
Resort size inground swimming pool
Expected rental return at $400 per week
Body corporate fee's including sinking fund $5,720 per year (approx), rates approx $3,500 per year, $83,645.90 in sinking fund as at 31/01/2023
This property represents great value for anyone wanting low maintenance unit living on the Esplanade or investors looking for a well maintained easy to rent investment property. Make no mistake this property is a genuine sale so make sure you call for an inspection before you miss out.
Property History for 9/407 Esplanade, Torquay, QLD 4655
- 09 Aug 2023Sold for $405,000
- 26 Jul 2023Listed for Sale $415,000
- 15 Nov 2022Sold for $390,000
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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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