38/57 Charles Canty DriveWellington Point QLD 4160
Property Details for 38/57 Charles Canty Dr, Wellington Point
38/57 Charles Canty Dr, Wellington Point is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 141m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (October 2021)
Looking for low maintenance living in an immaculately kept complex then look no further, Located in the heart of Wellington Point giving you access to many shops, parks, schools and the bay.
* Combined lounge, family and dining room
* Spacious kitchen, plenty of bench & cupboard space
* 3 bedrooms all with built-in robes
* Master bedrooms with private balcony
* 2 bathrooms - ensuite off main
* Second living area upstairs
* Ducted air con throughout
* Single lock-up garage
* 3rd toilet downstairs
* Modern, light & bright décor throughout
Investors Please Note:
This property currently participates in the National Rental Affordability Scheme (NRAS) providing the tenants a reduced weekly rent and the owner/investor with lucrative government subsidies to create a higher annual rental yield for a fixed period of years. I've provided a short summary of potential income with NRAS below.
NRAS financial opportunity: Over 3 years of NRAS subsidies = $11,270 + CPI p/a (tax Free)
- NRAS rental: $338p/w = $17,576 p/a
- Gross annual income with NRAS = $28,846 p/a
- Property management fees -$2,566.92 p/a
- Council rates -$3220 p/a (approx.)
- Body-corporate costs approximately $2395.00 p/a
Property History for 38/57 Charles Canty Dr, Wellington Point, QLD 4160
- 16 Oct 2021Sold for $490,000
- 07 Jun 2021Listed for Sale N/A
- 30 Sep 2014Sold for $443,900
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About Wellington Point 4160
The size of Wellington Point is approximately 9.7 square kilometres. It has 48 parks covering nearly 34.3% of total area. The population of Wellington Point in 2011 was 11,787 people. By 2016 the population was 12,332 showing a population growth of 4.6% in the area during that time. The predominant age group in Wellington Point is 50-59 years. Households in Wellington Point are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wellington Point work in a professional occupation. In 2011, 77.1% of the homes in Wellington Point were owner-occupied compared with 76.3% in 2016.
Wellington Point has 5,347 properties. Over the last 5 years, Houses in Wellington Point have seen a 79.56% increase in median value, while Units have seen a 76.25% increase. As at 31 October 2024:
- The median value for Houses in Wellington Point is $1,179,562 while the median value for Units is $711,433.
- Houses have a median rent of $750 while Units have a median rent of $553.
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