FOR SALE
Under Contract

3636-3642 Mount Lindesay Highway
Park Ridge QLD 4125

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 1ha
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Rare Opportunity on 1ha - Landbank, Rebuild or Redevelop

Offering a unique opportunity to landbank, rebuild or redevelop, this rare 1ha (2.47 acre) site boasts an outstanding position and potential to transform.
Primed and ready for revitalisation in an area benefitting from new growth and housing, the expansive land allotment presents a remarkable chance to construct multiple new dwellings like the neighbouring developments and reap the rewards of this burgeoning precinct (STCA).
For buyers wishing to utilise the entire block for an exclusive family estate, you can build your ultimate dream house with multiple living and entertaining zones and a recreation retreat featuring a swimming pool, tennis court and horse paddocks (STCA).
With the existing three-bedroom house in good living condition, you can landbank the property and live in or rent out and generate income while you make future plans.
Property features:
- Home on 1ha site with development potential
- Sunroom, living room, dining area and functional kitchen
- Outdoor entertaining area and a swimming pool
- 3 bedrooms with BIRs and a multipurpose room
- 1 bathroom, separate toilet and separate laundry
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Property Details for 3636-3642 Mount Lindesay Hwy, Park Ridge

3636-3642 Mount Lindesay Hwy, Park Ridge is a 3 bedroom, 1 bathroom AcreageSemi-rural with 4 parking spaces. The property has a land size of 1ha. The place is currently for sale with TORRES PROPERTY.

Building Type
AcreageSemi-rural
Land Size
1ha

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About Park Ridge 4125

The size of Park Ridge is approximately 16.8 square kilometres. It has 10 parks covering nearly 0.8% of total area. The population of Park Ridge in 2011 was 2,328 people. By 2016 the population was 2,509 showing a population growth of 7.8% in the area during that time. The predominant age group in Park Ridge is 70-79 years. Households in Park Ridge are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Park Ridge work in a trades occupation. In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016.

Park Ridge has 6,288 properties. Over the last 5 years, Houses in Park Ridge have seen a 78.99% increase in median value, while Units have seen a 65.85% increase. As at 31 October 2024:

  • The median value for Houses in Park Ridge is $772,840 while the median value for Units is $632,719.
  • Houses have a median rent of $590 while Units have a median rent of $520.
There are currently 80 properties listed for sale, and 43 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 334 properties were sold in the past 12 months in Park ridge.

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Amir Shamsi
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TORRES PROPERTY
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