5/2 Margaret Street, Pimpama, QLD 4209

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This fantastic 3 bedroom townhouse will appeal to the investor buyer as the property is tenanted until August 2022 and also has a great tenant that treats the property like it was their own home. Very rarely do you find such a well looked after tenanted property and we think they add value as well as the huge infrastructure that is currently happening and planned for Pimpama right now but best of all you’re a very short drive to the M1 motorway, Pimpama junction shopping center, Bunnings, Gainsborough Greens golf course, and future homemaker centre.

This property features 3 bedrooms all with built-ins (with the master having a walk-in master with his/hers robes) and 2 bathrooms and an open plan kitchen and dining featuring two balconies for each of the remaining bedrooms, which is perfect for unwinding from the day. The kitchen has plenty of storage and stainless steel appliances and the downstairs has tiled floors.

If the kids or pets want somewhere to play then you have a fully fenced front yard and there is a huge double garage downstairs that will have plenty of room for all your toys.

This townhouse is fantastic for investors or families looking to take advantage of the huge opportunity within the Northern Gold Coast.

• 3 Bedroom

• Master bedroom with his/hers robes

• Second and third bedrooms both have balconies

• 2 Bathroom

• 2 car double garage with extra storage

• Open plan living with a downstairs bedroom/separate living area

• Lots of storage

• Ceiling fans throughout

• Stainless steel appliances

• Rear Balcony

• Fully fenced garden

• Built in 2012

• Rental appraisal $425 – $445 per week

• Worlds best ever long term tenant

• Currently tenanted until 08.2022

This property is currently under the NRAS – National Rental Affordability Scheme and the agreement expires either at the end of this current lease or should you wish to extend the current lease to the tenant the NRAS would end in 08.2023 – Combined current income of $307 per week from tenant & $200 per week NRAS contribution is an excellent % yield for the smart investor.

Life is easy with shops close by and schools within walking distance. If four wheels are more your preference of transport then Pimpama is positioned to give access to either Brisbane or the Gold Coast for the weekday commute and the planned $192.6 million M1 Pacific Motorway Exit 41 and Exit 49 upgrades will make that commute shorter and faster, not to mention the State Government has confirmed the location of a new Pimpama Rail Station on the Gold Coast Line as well as a new Police facility with Queensland Fire and Emergency Services, construction of the new $3 million QFES facility is expected to start later this year which is a sign of the growth recognized and planned for the future of Pimpama!

As you can see Pimpama is the Booming suburb of the Northern Gold Coast and just perfect for the weekends and definitely a family-friendly suburb! Your family is well catered for with numerous local schools plus parks and grounds for the weekends. Pimpama is now enjoying high demand for offering a quality lifestyle. Our suburb is now offering 2 shopping locations with the new Pimpama City Centre and Pimpama Junction offering all your shopping needs. Add the 600 Million-dollar Coomera Westfield shopping development 10 minutes away. Surrounded by established amenities and under construction shopping precincts, capitalizing now is the only way to get in before prices rise! Gainsborough Greens golf course is on your doorstep plus ocean access to Moreton Bay from Jacobs Well within 10 minutes away.

Pick up the phone and book an inspection with Richard Edmundson today to avoid missing out, as this property will not last long!

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Property Info:
  • Property ID: L812883
  • Property Type: Townhouse
  • Garages: 2
  • Land Area: 158.0 sqm
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R&H Suburb Profile: Pimpama

R&H Suburb Summary Houses
Number of sales 471
Average Price $735,459
Median Price $680,000
Median Rental Price $640 p.w.
Change in Rental Rate (5yr) 49 %
R&H Suburb Summary Units
Number of sales 79
Average Price $539,550
Median Price $545,000
Median Rental Price $580 p.w.
Change in Rental Rate (5yr) 55 %
Pimpama, QLD - Median Trend