1 Silkwood StreetAlgester QLD 4115
Property Details for 1 Silkwood St, Algester
1 Silkwood St, Algester is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 830m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (July 2024)
Duplex of 2 UNITS IN A BLOCK OF LAND 830 sqm. Great opportunity here! Calling all the investors!
Last LMR2 Zoning property in BCC with potential to build up to 3 storey multiple units or townhouses. Block of 2 units sold as a single title with land size of 830 m2 and 30 meter street frontage. This is a lifetime opportunity to create CASH FLOW with huge future development / capital growth potential. This is one of the last properties in the Brisbane city council with LMR2 zone which has not undergone full development potential. No Body Corp fee and it's a freehold with single title. Unit 1 is currently rented out for $310 per week & Unit 2 is $300 per week. Total Rent $610pw.
Development Opportunity Details:
Property Features:
Unit 1/1 Silkwood St Algester
* 2 Bedroom with Built in robes
* 1 Bathroom
* Functional Kitchen
* Combined lounge and dining
* Private courtyard
* Single car port
Unit 2/1 Silkwood St Algester
* 2 Bedroom
* 1 Bathroom
* Air-conditioning unit
* Functional Kitchen
* Combined lounge and dining
* courtyard
* Single car port
2 additional visitor car parks also available for common usage.
PUBLIC TRANSPORT
20 metres to bus routes P129, 130 131, 135, 136, 829
Access to three (3) Train Stations within 4kms - Sunnybank Station, Runcorn Station and Banoon Station.
Access to Logan Motorway and Gateway only 5 mins drive.
SHOPS & SERVICES
100 metres to local Ridgewood Shopping centre (bakery, Asian supermarket, medical service, pool care and more); and only 2-5kms to Central Park Shopping (Post Office, liquor store and more), Drakes Shopping Centre; Calamvale Central and Sunnybank Hills Plaza.
SCHOOL CATCHMENT ZONES
This property is in the catchment zone for excellent schools at Algester Primary School and Calamvale Community College.
Additional schools in the local area include St Stephen's Catholic Primary School, Wisdom College, Stretton State College.
Please call me on 0450927578 to arrange a viewing for you!
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur.
Property History for 1 Silkwood St, Algester, QLD 4115
- 01 Oct 2021Listed for Rent $335 / week
- 11 Sep 2021Sold for $865,000
- 10 Mar 2020Listed for Sale $799,000
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About Algester 4115
The size of Algester is approximately 3.6 square kilometres. It has 12 parks covering nearly 10.7% of total area. The population of Algester in 2011 was 8,262 people. By 2016 the population was 8,416 showing a population growth of 1.9% in the area during that time. The predominant age group in Algester is 30-39 years. Households in Algester are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Algester work in a professional occupation. In 2011, 70.1% of the homes in Algester were owner-occupied compared with 69.5% in 2016.
Algester has 3,650 properties. Over the last 5 years, Houses in Algester have seen a 86.94% increase in median value, while Units have seen a 115.47% increase. As at 31 October 2024:
- The median value for Houses in Algester is $928,886 while the median value for Units is $648,833.
- Houses have a median rent of $620 while Units have a median rent of $690.
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