Property Details for 2/8 Outcrop Rise, Cosgrove
2/8 Outcrop Rise, Cosgrove is a 2 bedroom, 1 bathroom Unit.
Last Listing description (September 2022)
Nestled in the ever growing and popular suburb of Cosgrove is a perfect investment opportunity, a lowset Duplex to be sold as one property with no Body Corporate Fees and with the potential for strata, subject to Townsville City Council Approval. This property was built in approximately 2013 on a 580sqm block. Both units feature a near new design and offer 2 bedrooms, 1 bathroom and a single car garage. This property is situated in a convenient and highly sought after estate with a 6 minute drive to North Shore Marketplace, a selection of fantastic schools and a 14 minute drive to Townsville's CBD.
With both units having long term tenants in place, Unit 1 currently returns $350 per week and Unit 2 currently returns $300 per week.
Both units feature:
1 Bathroom
Built in robes
Total area under roof: 245sqm
Split systems throughout
Open plan design, encompassing kitchen, living and dining
Automatic single garage
Gas cooktop
Tiled outdoor patio
External laundry
Stainless Appliances
UNIT 1 LEASE DETAILS:
15/07/2021 - 15/07/2023
$350 per week
UNIT 2 LEASE DETAILS:
11/07/2021 - 11/07/2022
$300 per week
Property History for 2/8 Outcrop Rise, Cosgrove, QLD 4818
- 29 Apr 2022Listed for Sale $599,000
- 04 Jul 2017Listed for Rent $280 / week
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0About Cosgrove 4818
The size of Cosgrove is approximately 3.6 square kilometres. There is 1 park, covering nearly 0.2% of the total area. The population of Cosgrove in 2016 was 285 people. By 2021 the population was 665 showing a population growth of 133.3% in the area during that time. The predominant age group in Cosgrove is 20-29 years. Households in Cosgrove are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cosgrove work in a community and personal service occupation.In 2021, 39.60% of the homes in Cosgrove were owner-occupied compared with 31.80% in 2016.
Cosgrove has 504 properties. Over the last 5 years, Houses in Cosgrove have seen a 108.24% increase in median value, while Units have seen a 148.23% increase. As at 31 May 2026:
- The median value for Houses in Cosgrove is $779,746 while the median value for Units is $970,866.
- Houses have a median rent of $595.
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