154/1-7 Moores CrescentVarsity Lakes QLD 4227
Property Details for 154/1-7 Moores Cres, Varsity Lakes
154/1-7 Moores Cres, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2007. The property has a land size of 121m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Varsity Lakes in the last 12 months.
Last Listing description (May 2024)
Dual Key Unit with Double Income Potential!
INVESTORS: Unlock the potential of this lucrative investment opportunity! Presenting a dual key unit that encompasses both a stylish 1-bedroom unit and a fully self-contained studio, each with its separate entrance. Both units come fully furnished, offering convenience and comfort to tenants.
Currently, both units are tenanted, generating a combined rental income of $870 with potential up to $950 per week. This attractive return on investment makes this property a standout choice for savvy investors looking to maximize their rental yield.
OWNER OCCUPIER: This unit is perfect for the first home buyer looking to minimise their costs. Have a flat mate help pay off your mortgage without having to share the milk.
Situated on the 2nd floor, the location is unbeatable, just 300 meters from Bond University and a leisurely stroll away from the bustling CBD. The strategic positioning of this unit enhances its desirability for both tenants and future buyers.
One of the key advantages of this dual key unit is the streamlined cost structure only one set of rates and body corporate fees apply. This efficiency ensures that your investment remains financially sound and easy to manage.
Don't miss out on this unique opportunity to secure a property with double income potential and a prime location. Act swiftly to capitalize on this exceptional investment. Contact us today to schedule a viewing and make this dual key unit a valuable addition to your portfolio!
Please note - the photos of the unit have been edited to replace the belongings of the tenants and protect their privacy.
Property History for 154/1-7 Moores Cres, Varsity Lakes, QLD 4227
- 15 Apr 2024Sold for $630,000
- 18 Mar 2024Listed for Sale Contact agent
- 18 Sep 2009Sold for $499,500
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0About Varsity Lakes 4227
The size of Varsity Lakes is approximately 5.9 square kilometres. It has 23 parks covering nearly 10.6% of total area. The population of Varsity Lakes in 2011 was 14,365 people. By 2016 the population was 15,000 showing a population growth of 4.4% in the area during that time. The predominant age group in Varsity Lakes is 20-29 years. Households in Varsity Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Varsity Lakes work in a professional occupation. In 2011, 51.9% of the homes in Varsity Lakes were owner-occupied compared with 51.3% in 2016.
Varsity Lakes has 8,090 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 88.34% increase in median value, while Units have seen a 72.99% increase. As at 30 September 2024:
- The median value for Houses in Varsity Lakes is $1,169,841 while the median value for Units is $755,001.
- Houses have a median rent of $850 while Units have a median rent of $750.
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