8/5 Clancy CourtTugun QLD 4224
Property Details for 8/5 Clancy Ct, Tugun
8/5 Clancy Ct, Tugun is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 323m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
Last Listing description (August 2021)
Rent out or live in.
If you rent out on today's interest rate this property is positive geared from the outset.
Estimated rental is $420 a week plus. When you take into account the low interest rates and low body corp, the weekly rent is higher meaning new profit from day one.
If you want to take the home option this is a large 2 bedroom unit which is located a short drive to Tugun Village and Tugun Beach. It is situated at the end of a cul-de-sac, is elevated on a high floor with breezes and is surrounded by a conservation reserve with plenty of walking tracks to explore.
This is a great opportunity for the first home buyer or entry level investor. This particular unit is very different to other units in the street. The bedrooms are a good size that have a lovely outlook to the gardens and are very quiet and private.
This unit is one of the largest in the area at 111m2 giving you plenty of room. It is situated on the 2nd floor but you feel like you're on the top floor which also gives you that extra security. This unit does not back onto the M1 like many do in the area. The generous private balcony is adjacent to the large open living area and kitchen.
It has a single lock up garage and the complex is very secure. It is also located a short walk to a regularly serviced bus stop.
Features:
- 2 bedroom
- 2nd Floor
- Large Open Plan Living Areas
- Security
- 2 car spaces (single lock up)
- Storage Room
- Approx 3km to the beach, cafes and shops
- Public Transport at the end of the street.
Built in 1980
Unit Size: 111m2
Body Corp: $46.30 per week
Rates and Water approx $2000 a year
Rental Appraisal $400 to $420 per week.
By all accounts the majority of industry experts are predicting Tugun to continue to boom.
The lifestyle in this area is still very much Old Gold Coast, which was offered in the past further north before the high rises took over.
It's all about lifestyle. You can wake up in the morning, have a walk along the beach and grab a coffee on the way home and still get the kids to school or go to work.
This property is situated within close distance to John Flynn Private Hospital, Gold Coast International Airport, Currumbin Wildlife Sanctuary and Tugun and Currumbin beaches & Currumbin Creek. It provides an enviable lifestyle that many aspire to.
An inspection will not disappoint. Contact Madonna on 0411 421 064 or madonna@onthenet.com.au
Property History for 8/5 Clancy Ct, Tugun, QLD 4224
- 30 Oct 2019Sold for $337,000
- 24 Oct 2019Listed for Sale $345,000 to $355,000
- 22 Sep 2019Listed for Sale $345,000 to $355,000
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0About 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 3,813 properties. Over the last 5 years, Houses in Tugun have seen a 90.63% increase in median value, while Units have seen a 113.89% increase. As at 30 November 2024:
- The median value for Houses in Tugun is $1,432,695 while the median value for Units is $1,087,210.
- Houses have a median rent of $900 while Units have a median rent of $750.
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