OFF MARKET

7 Kitchener Street
Tugun QLD 4224

Bedrooms: 8
Bathrooms: 3
Car spaces: 4
Floor area: 290m2
Land area: 493m2
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Last updated 14 Oct 2024
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Property Details for 7 Kitchener St, Tugun

7 Kitchener St, Tugun is a 8 bedroom, 3 bathroom Unit with 4 parking spaces and was built in 1980. The property has a land size of 493m2 and floor size of 290m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
Unit
Year Built
1980
Floor Size
290m2
Land Size
493m2
Local Government
Gold Coast City
Lot/Plan
57/RP32011

Last Listing description (December 2021)

*Inspection times are Qld Time*

Three separate residences on one title, 200m away from Tugun beach and amenities and all up producing an enormous rental income of close to $1,500 per week....This is 7 Kitchener Street.
This property encapsulates both Tugun's Laid back southern Gold Coast beach lifestyle and also the strong property boom and growth the area is experiencing.

From the street enter the property (which is adjacent to parklands) and be met with ample amounts of parking and entryways to all three separate residences. The first is a completely renovated four bedroom, one bathroom unit which also hosts a huge flat grassed and fenced back yard with undercover entertainment area.

Upstairs you will find a complete renovation on a two bedroom, one bathroom unit with small balcony to overlook the parklands. Sharing the upstairs area you will find the Third unit boasting a spacious and grand balcony and entertaining area which flows directly internal to yet another two bedroom, one bathroom unit, also exclusively featuring a side grassed yard.

- The residence is recently painted, fenced and divided with the guidance of town planners.
- All renovations were meticulously completed by Newscope Constructions.
- Seconds to the beach
- Minutes to Gold Coast International Airport
- Minutes to Southern Cross University
- All 3 units are currently rented for an equivalent of just under $1,500 per week.

As this property is being sold via private treaty we welcome all interest and inspections

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Property History for 7 Kitchener St, Tugun, QLD 4224

A timeline of how this property has performed in the market
Last Sold
$1,250,000
26 Oct 2020
  • 26 Oct 2020
    Sold for $1,250,000
  • 02 Oct 2020
    Listed for Sale Under Contract | Kasey Pereira
  • 25 Jan 2019
    Sold for $890,000
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About Tugun 4224

The size of Tugun is approximately 3 square kilometres. It has 15 parks covering nearly 20.5% of total area. The population of Tugun in 2011 was 5,975 people. By 2016 the population was 6,594 showing a population growth of 10.4% in the area during that time. The predominant age group in Tugun is 50-59 years. Households in Tugun are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tugun work in a professional occupation. In 2011, 58.9% of the homes in Tugun were owner-occupied compared with 62.5% in 2016.

Tugun has 3,808 properties. Over the last 5 years, Houses in Tugun have seen a 91.86% increase in median value, while Units have seen a 104.45% increase. As at 30 September 2024:

  • The median value for Houses in Tugun is $1,423,012 while the median value for Units is $1,002,274.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 24 properties listed for sale, and 11 properties listed for rent in Tugun on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Tugun.

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