FOR SALE
Offers Over $550,000

18 Beatty Road
Rocklea QLD 4106

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 417m2
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Rare Vacant Land Opportunity!

Positive Cashflow Residential Property Investment! Ideal for Rooming House: With its fantastic location, you can easily build a rooming house that could yield up to $2,000 per week in rental income-perfect for capitalizing on the rental demand in the area once building completed (Subject to Council or Building Approval).
A great opportunity to build a multiple dwelling at a great price 10kms from the CBD. The vacant land is allowing for a plethora of development opportunities, with the street filled with great examples of potential next steps. Located next to McDonalds, neatly tucked in the side street, this property is centrally located and yet only walking distance to transport and shops
This land could be certified (Subject to Council or Building Approval) as a Class 1b dwelling gives the right to lease each rooms individually, ideal for tenants that are looking for single occupancy spaces with modern, high quality furniture with utilities included. Otherwise, can easily be tenanted with an appraised rental of $420-$440 per week per room. Therefore, total annual rent for the house will be approximately $110,000.
Features:
• Water connections ready
• Brisbane City Council
• Lot 109
• Existing house has been demolished
• Flat land and easy to build
• No easement
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Property Details for 18 Beatty Rd, Rocklea

Building Type
Land
Land Size
417m2

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About Rocklea 4106

The size of Rocklea is approximately 9.3 square kilometres. It has 22 parks covering nearly 13.8% of total area. The population of Rocklea in 2011 was 1,255 people. By 2016 the population was 1,579 showing a population growth of 25.8% in the area during that time. The predominant age group in Rocklea is 20-29 years. Households in Rocklea are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Rocklea work in a professional occupation. In 2011, 55.2% of the homes in Rocklea were owner-occupied compared with 51.1% in 2016.

Rocklea has 1,422 properties. Over the last 5 years, Houses in Rocklea have seen a 83.85% increase in median value, while Units have seen a 62.49% increase. As at 31 October 2024:

  • The median value for Houses in Rocklea is $710,076 while the median value for Units is $506,443.
  • Houses have a median rent of $563 while Units have a median rent of $380.
There are currently 13 properties listed for sale, and 7 properties listed for rent in Rocklea on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Rocklea.

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