39/7-15 Varsityview CourtSippy Downs QLD 4556
Property Details for 39/7-15 Varsityview Ct, Sippy Downs
39/7-15 Varsityview Ct, Sippy Downs is a 4 bedroom, 4 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 103m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
Last Listing description (June 2017)
This fully furnished unit offers four separately leased student accommodation rooms which had a gross return of $33,630 last financial year. The phenomenal returns will earn you 12.5% gross or 6.8% net income with tax deductions. At this rate of return why put your hard earned money in the bank?
This particular unit is freshly painted and offers four spacious separate bedrooms, each with its own ensuite, built in robes and desk for student s convenience. The unit is on the top level of the building and faces north. The purpose built student accommodation backing onto the University making this a fantastic investment opportunity. The apartment has a communal area consisting of Lounge, Kitchen, Laundry and a balcony.
The UniCentral complex offers
Flood lit tennis/basketball court
Recreation pavilion
Games room - Pool Tables, Air Hockey, Table Tennis, Austar 55 H.D T.V with Austar/Cable, DVD, CD and Stereo system.
Vending Machines, for drinks and snack foods.
Central barbeque area.
Important UniCentral Features:
* 12.5% Gross ROI or 6.8% Net ROI
* 24/7 onsite management
* Full-time gardeners and onsite caretakers
* 3 minute walk to the Sunshine Coast University
* Undercover car parking available plus on street parking
* Gated secure complex
The current lease agreements are as follows:
39a Rented till 1/07/176 $210 per week
39b Rented till 1/07/17 $210 per week
39c Rented till 1/07/17 $196 per week
39d Rented till 3/07/17 $196 per week
$812.00 Total Weekly income
This is one of the best Unit s you could possibly purchase in Varsityview Court. With the northerly aspect and on the third level in its building, it is attractive to all students who wish to rent a room in the area, having no problems in finding a tenant.
* Please note: Should you require finance from a lender, they do require a 30% to 50% cash deposit
Property History for 39/7-15 Varsityview Ct, Sippy Downs, QLD 4556
- 03 May 2017Sold for $270,000
- 03 Mar 2017Listed for Sale $270,000.00
- 01 Nov 1999Sold for $169,900
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0About Sippy Downs 4556
The size of Sippy Downs is approximately 14.5 square kilometres. It has 20 parks covering nearly 57.6% of total area. The population of Sippy Downs in 2016 was 10298 people. By 2021 the population was 11544 showing a population growth of 12.1% in the area during that time. The predominant age group in Sippy Downs is 10-19 years. Households in Sippy Downs are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sippy Downs work in a community and personal service occupation.In 2021, 51.60% of the homes in Sippy Downs were owner-occupied compared with 52.40% in 2016.
Sippy Downs has 4,909 properties. Over the last 5 years, Houses in Sippy Downs have seen a 80.95% increase in median value, while Units have seen a 175.67% increase. As at 31 March 2026:
- The median value for Houses in Sippy Downs is $1,121,588 while the median value for Units is $726,643.
- Houses have a median rent of $775 while Units have a median rent of $630.
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