Lot S14 Royal Street, Park Ridge QLD
Logan, QLD, 4125$ 998,500
Overview
Property ID: LA-8120
- House and Land
- Property Type
- 3+2
- Bedrooms
- 2+1
- Bathrooms
- 2
- Cars
- 230
Details
Updated on Nov 04, 2024 at 02:38 pm
Property Type: | House and Land |
---|---|
Price: | $ 998,500 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 980 |
Gross Per Annum: | $ 50,960 |
Gross Yield: | 5.10% |
Capital Growth 12 Months: | 9.29% |
Capital Growth 10 Year Annualised: | 3.94% |
Vacancy Rate: | 1.38% |
Property Size: | 230 m2 |
Land Area: | 357 m2 |
---|---|
Bedrooms: | 3+2 |
Bathrooms: | 2+1 |
Parking: | 2 |
Title Status: | Completion Jan 2025 |
Property ID: | 8120 |
SKU: | 1045 |
Description
This dual occupancy property in Park Ridge, Queensland, offers a unique investment opportunity with potential for strong rental returns. Designed for modern living, it features spacious and private dual units, each with quality finishes and comprehensive inclusions.
Suburb profile:
Park Ridge is a growing suburb within the Logan region of Queensland, known for its family-friendly atmosphere and expanding infrastructure. This area is characterized by its mix of new developments and green spaces, appealing to both families and investors seeking growth potential and proximity to Brisbane.
Site Inclusions - Site Works, Foundations & Connections:
- All site works within the building area include up to 1.0m cut and fill as standard
- Engineered waffle pod and concrete slab system with reinforcing
- Underground water, and 6m electrical mains connection
- Includes stormwater and sewer connections
- Termite protection to Australian standards.
Preliminary Inclusions:
- Includes a building contract
- Building plans and specifications
- Engineering soil test report, contour survey, engineered ground slab design
- All necessary council applications and QBCC fees
- All required insurances.
Internal Inclusions:
- Features include flush-panel internal doors with chrome lever-set handles
- Privacy locks on bathrooms and toilets
- Built-in robes with shelf and hanging rail
- Laminated kitchen cabinetry with 20mm stone benchtops
- Pantry with shelving
- 10mm plasterboard to walls and ceiling.
External Inclusions:
- Colorbond® steel roofing
- 'PGH' face and feature bricks
- Sectional overhead garage door
- Treated timber wall frames & trusses to engineered design
- Façade options like rendered and painted feature bricks
- 2x external water taps
- Wall-mounted clothesline.
Landscaping Inclusions:
- Includes an exposed aggregate driveway
- path to front door
- landscaping with field drains
- mulched garden beds, and turf where applicable
- timber paling fencing with lockable gate, letterbox, and full site clean.
Electrical Inclusions:
- LED downlights
- ceiling fan lights in bedrooms
- external lighting to rear door and alfresco
- double power points per room
- photoelectric smoke alarms
- NBN provision
- split-system air conditioning to the living area and Bedroom 1
- hard-wired exhaust fans in bathrooms.
Appliance Inclusions:
- InAlto stainless steel multi-function electric oven
- slide-out range hood, electric ceramic cooktop
- multi-function dishwasher
- stainless steel sink with chrome mixer tap.
Energy Efficiency:
- 7-Star Energy Rating
Warranties:
- 6-Year structural warranty
- 12-Month maintenance warranty
- Additional warranties provided at handover
This modern dual occupancy property at Park Ridge presents a strong investment opportunity with high rental yields. Its quality build and full turnkey package make it a desirable option for investors seeking long-term growth in a thriving Queensland suburb.
Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.
These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.
The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.
The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.
Disclaimer*
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.
Address
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.