OFF MARKET

37/1-5 Cascade Drive
Underwood QLD 4119

Bedrooms: 3
Bathrooms: 3
Car spaces: 1
Floor area: 108m2
Land area: 107m2
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Last updated 11 Nov 2024
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Property Details for 37/1-5 Cascade Dr, Underwood

37/1-5 Cascade Dr, Underwood is a 3 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 107m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in January 2012.

Building Type
Unit
Year Built
2008
Floor Size
108m2
Land Size
107m2
Local Government
Logan City
Lot/Plan
37/SP198722

Last Listing description (February 2012)

7.5% p.a Yield Guaranteed for 2 years + Capital Growth Potential - Complete New 3 Storey Townhouse AVAILABLE NOW!!!
Fantastic Investment Opportunity!! This represents the best investment opportunity available in Underwood. Situated in a recently completed development; this huge 3 storey townhouse is THE LAST AVAILABLE UNIT and is rented with a good quality tenant on a 12 month lease.
The developer is keen to sell the last unit and has priced it $10,000 below valuation and agreed to guarantee the continual rent for 2 years.

The townhouse is part of a new community directly opposite the thriving Wooworths Marketplace & Big W Underwood. The vacancy rates are at historial lows, and rents have been on a steady increase in the area. The area has a substantial employment base and there is plenty of schools, shopping and transport in close proximity.
The unit includes 3 Bedrooms (could easily be modified to 4 beds), 2 bathrooms, 2 cars, over 3 storeys. It includes a large balcony off the main living area, and tiles throughout the living area. There are 4 A/C units; 1 in each bedroom and the living area.
Enquire today on 0402 913 916 or cleighton@habdev.com as this unit has been priced to sell and will not last long.

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Property History for 37/1-5 Cascade Dr, Underwood, QLD 4119

A timeline of how this property has performed in the market
Last Sold
$390,000
12 Jan 2012
  • 12 Jan 2012
    Sold for $390,000
  • 04 Sep 2011
    Listed for Sale 399900
  • 28 Feb 2011
    Listed for Sale 429000

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About Underwood 4119

The size of Underwood is approximately 4.2 square kilometres. It has 11 parks covering nearly 9.8% of total area. The population of Underwood in 2011 was 5,327 people. By 2016 the population was 6,343 showing a population growth of 19.1% in the area during that time. The predominant age group in Underwood is 30-39 years. Households in Underwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Underwood work in a professional occupation. In 2011, 70.2% of the homes in Underwood were owner-occupied compared with 67.6% in 2016.

Underwood has 3,341 properties. Over the last 5 years, Houses in Underwood have seen a 84.03% increase in median value, while Units have seen a 100.54% increase. As at 31 October 2024:

  • The median value for Houses in Underwood is $1,069,895 while the median value for Units is $641,614.
  • Houses have a median rent of $675 while Units have a median rent of $550.
There are currently 35 properties listed for sale, and 19 properties listed for rent in Underwood on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Underwood.

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