41/4 Grand Pde, Parrearra is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 77m2. While the property is not currently for sale or for rent, it was last sold in April 2019.
Located in the popular Caribbean Apartments complex on Kawana Island, only 4km from the new private/ public hospitals and associated health precinct, long term capital growth is assured with this investment. To cap it all off, you have excellent tenants taking care of your prized investment while it reaps more growth than cash in the bank! Alternatively, you might choose to initially utilise the property as an investment and move in to the apartment later. Whatever your situation, this opportunity is too good to miss as the owner is selling well below the original purchase price!
The third floor one bedroom apartment has a large bedroom overlooking the canals with dual access to bathroom/laundry. A light and airy L shaped kitchen with modern appliances overlooks the open plan lounge area. A spacious entertainer s balcony flows from the living area with spectacular water views and glimpses of the ocean in the distance.
Third floor waterfront 1 bed, 1 bathroom, 1 car space apartment
The size of Parrearra is approximately 2.5 square kilometres. It has 14 parks covering nearly 15.9% of total area. The population of Parrearra in 2016 was 4468 people. By 2021 the population was 4661 showing a population growth of 4.3% in the area during that time. The predominant age group in Parrearra is 70-79 years. Households in Parrearra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parrearra work in a professional occupation.In 2021, 68.90% of the homes in Parrearra were owner-occupied compared with 63.10% in 2016.
Parrearra has 2,297 properties. Over the last 5 years, Houses in Parrearra have seen a 72.24% increase in median value, while Units have seen a 88.49% increase. As at 30 April 2026:
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