16 Cyan StreetCaloundra West QLD 4551
Property Details for 16 Cyan St, Caloundra West
16 Cyan St, Caloundra West is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2017. The property has a land size of 448m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in January 2024.
Last Listing description (March 2024)
This is such an incredible investment that if you are an investor looking to secure a high quality long term investment then you need to give me a call and discuss/ inspect these properties. Let me tell you why.
Firstly there are 2 properties under the 1 title. That means a single set of rates at only $2400 per annum and two incomes.
Secondly, both properties are current renting for under the current market pricing. The 2 bedroom is renting for $500 per week and will comfortably achieve $550 per week. The 3 bedroom is renting for $560 per week and will comfortably achieve $625 per week. How do I know that, because our agency has 700 properties under management and over 400 in the immediate surrounds to this and all of our data indicates that these revised rental returns are comfortable achieved.
Thirdly, the properties are exceptionally well finished with high ceilings, high quality bathrooms and kitchens, spacious living, high quality flooring and great sized back yards all backing onto a beautiful reserve. Why is this good for an investment I hear you say, well the reason is simple. Tenants pay more money and stay for longer in nicer properties that feel more like a home than an investment property and that means higher rents that other comparable properties, less vacancy each year, less letting expenses that you pay your agent and more money in your pocket year on year.
Finally, because there are 15000 homes being build by Stockland in the Aura Development and within the next 5 years this property will be 15 minutes from one of the largest infill CBD"s in Australia as well as 15 minutes from one of the best beaches in Australia. This type of proximity in any other city in Australia would only be found in the the more expensive suburbs. That is the forecast for this location.
The specifics of the properties are below.
Unit 1 - 3 Bed, 2 Bath, 1 Car - Renting at $560 per week - Tenancy Ends 27/04/24
Unit 2 - 2 Bed, 1 Bath, 1 Car - Renting at $500 per week - Tenancy Ends 24/05/24
Rates are $2400 per annum
Block Size - 448sqm
With over 20 years of experience selling real estate my prediction is that the next owner of this property is going to be calling me in 10 years and thanking me for writing this add that enticed them to come and have a look at an opportunity that they may have otherwise overlooked.
It really is a great property so please give me a call if you would like to inspect or ask me any questions about this incredible investment opportunity.
Property History for 16 Cyan St, Caloundra West, QLD 4551
- 16 Jan 2024Sold for $1,000,000
- 21 Sep 2023Listed for Sale Offers From $1m
- 29 Jun 2016Sold for $255,000
Recent sales nearby
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0About Caloundra West 4551
The size of Caloundra West is approximately 8.2 square kilometres. It has 16 parks covering nearly 6.3% of total area. The population of Caloundra West in 2016 was 6297 people. By 2021 the population was 7270 showing a population growth of 15.4% in the area during that time. The predominant age group in Caloundra West is 30-39 years. Households in Caloundra West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Caloundra West work in a professional occupation.In 2021, 65.60% of the homes in Caloundra West were owner-occupied compared with 64.80% in 2016.
Caloundra West has 3,457 properties. Over the last 5 years, Houses in Caloundra West have seen a 85.39% increase in median value, while Units have seen a 96.49% increase. As at 31 January 2026:
- The median value for Houses in Caloundra West is $1,057,370 while the median value for Units is $814,567.
- Houses have a median rent of $720 while Units have a median rent of $490.
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