FOR SALE
UNDER CONTRACT By Saeed

216-254 Progress Road
Richlands QLD 4077

Bedrooms: 5
Bathrooms: 1
Car spaces: 4
Land area: 31620m2
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First time on the market since 1953 – once in a lifetime opportunity

SOLD by Saeed Moghaddam - call on 0415 177 747.
Introducing a truly extraordinary property, ideally positioned in the heart of Richlands, a rare gem that is on the market for the first time since 1953 and presents a strategic opportunity for those seeking to acquire a substantial site in the surging Western corridor. This is a once in a lifetime chance that should not be missed. This opportunity boasts the following key attributes:
- Elevated 31,620m2 (approx.) corner site offering best exposure imaginable
- Located in Brisbane's South-Western growth corridor
- Current zoning: Large format retail (SC4 Specialised Centre)
- 170m (approx.) road frontage to Progress Road
- 171m (approx.) road frontage to Garden Road
- Surrounded by a multitude of key amenities including shopping centres, educational institutions, child care centres, Lions Club, parklands, luxury townhouse complexes, leased Home & Co centre and Hotel Richlands
- Walking distance to Richland's Park 'n' Ride train station with 650 parking bays
- Easy access to Centenary HWY and Logan MTW
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Property Details for 216-254 Progress Rd, Richlands

216-254 Progress Rd, Richlands is a 5 bedroom, 1 bathroom AcreageSemi-rural with 4 parking spaces. The property has a land size of 31620m2. The place is currently for sale with Brisbane Real Estate - Chapel Hill.

Building Type
AcreageSemi-rural
Land Size
31620m2

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About Richlands 4077

The size of Richlands is approximately 5 square kilometres. It has 5 parks covering nearly 8% of total area. The population of Richlands in 2011 was 2,077 people. By 2016 the population was 3,606 showing a population growth of 73.6% in the area during that time. The predominant age group in Richlands is 20-29 years. Households in Richlands are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richlands work in a professional occupation. In 2011, 43.2% of the homes in Richlands were owner-occupied compared with 31.7% in 2016.

Richlands has 2,905 properties. Over the last 5 years, Houses in Richlands have seen a 80.12% increase in median value, while Units have seen a 106.99% increase. As at 30 November 2024:

  • The median value for Houses in Richlands is $742,222 while the median value for Units is $612,135.
  • Houses have a median rent of $620 while Units have a median rent of $580.
There are currently 24 properties listed for sale, and 20 properties listed for rent in Richlands on OnTheHouse. According to CoreLogic's data, 179 properties were sold in the past 12 months in Richlands.

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Saeed Moghaddam
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Brisbane Real Estate - Chapel Hill
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