114 Dakar RoadAlgester QLD 4115
Property Details for 114 Dakar Rd, Algester
114 Dakar Rd, Algester is a 3 bedroom, 1 bathroom House with 5 parking spaces and was built in 1990. The property has a land size of 16120m2 and floor size of 192m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
Last Listing description (September 2022)
This development site certainly packs a punch! Not only is it the biggest land site of its kind in this area, but it boasts the biggest potential for profit too! An opportunity to secure 16,100sqm of prime residential land in this hugely convenient and very popular pocket of Algester will be highly sought-after.
With a wide array of development possibilities available it provides incredible diversity and excellent long-term investment prospects. Algester has seen some outstanding performance in property values in the last 12 months increasing by 28% with a new median house value of $716,000 and over 20% growth in unit values in the same timeframe.
The suburb is well-regarded and proven popular with both younger couples and families making it an ideal location to develop affordable new homes to suit this demographic.
Site attributes include:
- 16,100sqm with large portion of site cleared of trees
- Flat and level with workable shape
- Current road access and mains infrastructure in place
- Located at the end of no-thru road - peaceful setting
- Suitable for sub-division into small lots
- House and land package potential
- Appropriate for strata-titled community scheme to be built
- Close to all key amenities including transport, motorways, schools, supermarkets
- Existing three bedroom house currently renting for $525 per week creating immediate income stream circa $25,000 per annum.
Developers, land bankers and builders hungry to secure this premium land are urged to enquire without delay to walk the site. For further information please call.
This site will be sold on or before auction day.
**All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries**
Property History for 114 Dakar Rd, Algester, QLD 4115
- 23 Oct 2023Sold for $5,500,000
- 21 Jul 2022Listed for Sale Express of Interest
- 23 Oct 2020Listed for Rent - Price not available
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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 3,647 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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