SOLD
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Sold on 12 Aug 2024 for $895,000

11 Cambridge Way
Ripley QLD 4306

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Land area: 450m2
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Property Details for 11 Cambridge Way, Ripley

11 Cambridge Way, Ripley is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 450m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom House sold in Ripley in the last 12 months.

Building Type
House
Land Size
450m2
Local Government
Ipswich
Lot/Plan
614/SP303651

Last Listing description (August 2024)

Highly Sought After Dual-Key Property!

Highly sought after and rarely available, this could be your chance to secure an exceptional dual key property in the heart of Ecco Ripley.

Property Details at a glance:

- Built in 2020 by Fortitude Homes
- Ecco Ripley Estate
- 450m2 block with a 242m2 total home
- Dual Key Property (two rents, one title)
- No Body Corporate Fees
- Council Rates: $1005/quarter

Main Dwelling:

- 1/11 Cambridge Way
- Size of Main Dwelling: 160sqm
- Currently Vacant (previous tenant vacated mid July)
- Last Rental Increase: 26/6/23
- Future Rental Appraisal: $530/week
- Freshly re-painted and re-carpeted at end of last lease

Ancillary Dwelling:

- 2/11 Cambridge Way
- Size of Ancillary Dwelling: 82sqm
- Currently Tenanted
- Current Lease Dates: 29/8/23 - 2/9/24 at $330/week
- Future Lease Dates (already signed) for 3/9/24 - 8/9/25 for $380/week

Sitting on a single title but delivering two regular rental returns, this low maintenance property will ensure a comfortable and stress-free investment for a future landlord. Each side is a separate self-contained home, each with it's own rental income stream to ensure a fantastic rental yield.

Property Features:

- 5 bedrooms total with fans, blinds, fly screens and built-in wardrobes
- Main dwelling has 4 bedrooms, ancillary dwelling has 1 bedroom
- Both masters with modern ensuites
- Both kitchens have 5-burner gas burner cooktops and electric ovens
- Both have split air conditioning systems in master bedrooms and living areas
- Both have low maintenance and no-fuss backyards
- Light and bright colour scheme throughout both homes
- Each side of the home is separated by a soundproof and fireproof dividing wall
- Each side of the home is individually metered for water, and the tenants are charged full consumption
- Single Car Garage for each side
- 6.5kW Solar System
- NBN Connection
- Steel Frame
- Mains Gas

Location:

- Centrally located in the Ecco Ripley Estate
- 4 minute drive / 10 minute walk to Ripley Coles Shopping Centre
- 4 minute drive to Ripley Central State School
- Easy access in and out of the estate onto both the Centenary and Cunningham Highways
- 15 minute drive to Springfield
- 15 minute drive to downtown Ipswich

*All times are approximate

This dual key home is best appreciated in person - contact Vanya to organise an inspection, or see you at the open homes.

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Property History for 11 Cambridge Way, Ripley, QLD 4306

A timeline of how this property has performed in the market
Last Sold
$895,000
12 Aug 2024
  • 05 Aug 2024
    Sold for $895,000
  • 22 Jul 2024
    Listed for Sale SOLD BY VANYA
  • 06 Nov 2019
    Sold for $229,000
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About Ripley 4306

The size of Ripley is approximately 12.8 square kilometres. It has 3 parks covering nearly 0.6% of total area. The population of Ripley in 2011 was 1,024 people. By 2016 the population was 1,396 showing a population growth of 36.3% in the area during that time. The predominant age group in Ripley is 20-29 years. Households in Ripley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ripley work in a trades occupation. In 2011, 80.8% of the homes in Ripley were owner-occupied compared with 72.5% in 2016.

Ripley has 4,437 properties. Over the last 5 years, Houses in Ripley have seen a 80.20% increase in median value, while Units have seen a 40.83% increase. As at 31 July 2024:

  • The median value for Houses in Ripley is $728,683 while the median value for Units is $507,273.
  • Houses have a median rent of $550 while Units have a median rent of $353.
There are currently 50 properties listed for sale, and 32 properties listed for rent in Ripley on OnTheHouse. According to CoreLogic's data, 478 properties were sold in the past 12 months in Ripley.

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Vanya T
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Ray White Ipswich
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