FOR SALE
For Sale: $2,250,000

197 Ridge Street
Northgate QLD 4013

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 539m2
Land area: 850m2
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Whole block of Strata Titled Units - Equivalent $375,000 per dwelling

• Current Gross Income of $120,120* per annum
• 850m²* site area zoned MDR Medium Density Residential
• Covered parking and dedicated yard area for each dwelling
• Brick flats building product mix 2 x 2 bedroom + 2 x 1 bedroom units
• Rear townhouse building product mix 2 x oversized 1 bedroom villas
• Walk to Northgate Train Station
• 10km* north from Brisbane CBD
• Short driving distance to the Brisbane Airport (only 7mins*), plus easy access to the Bruce Highway providing connectivity to both the Sunshine and Gold Coast
• Northgate currently has a median unit price of $525,000^
For further information, please get in touch with the Ray White Special Projects Qld Marketing Agents
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Property Details for 197 Ridge St, Northgate

Building Type
Commercial
Floor Size
539m2
Land Size
850m2

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About Northgate 4013

The size of Northgate is approximately 3.3 square kilometres. It has 12 parks covering nearly 13.1% of total area. The population of Northgate in 2011 was 4,304 people. By 2016 the population was 4,553 showing a population growth of 5.8% in the area during that time. The predominant age group in Northgate is 20-29 years. Households in Northgate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northgate work in a professional occupation. In 2011, 54.6% of the homes in Northgate were owner-occupied compared with 52.7% in 2016.

Northgate has 2,773 properties. Over the last 5 years, Houses in Northgate have seen a 75.53% increase in median value, while Units have seen a 78.50% increase. As at 31 August 2024:

  • The median value for Houses in Northgate is $1,147,686 while the median value for Units is $646,434.
  • Houses have a median rent of $630 while Units have a median rent of $515.
There are currently 15 properties listed for sale, and 13 properties listed for rent in Northgate on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in Northgate.

Suburb Insights for Northgate 4013

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Andrew Burke
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James Hanley
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RW Special Projects Queensland
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.