OFF MARKET

34 Ridgewood Road
Algester QLD 4115

Bedrooms: 4
Bathrooms: 6
Car spaces: 1
Floor area: 138m2
Land area: 536m2
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Property Details for 34 Ridgewood Rd, Algester

34 Ridgewood Rd, Algester is a 4 bedroom, 6 bathroom House with 1 parking spaces and was built in 1986. The property has a land size of 536m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
House
Year Built
1986
Floor Size
138m2
Land Size
536m2
Local Government
Brisbane
Lot/Plan
211/RP129672

Last Listing description (November 2024)

Seize this extremely rare opportunity at 34 Ridgewood Rd, Algester, offering remarkable dual-living capabilities and a potential rental yield of over 7%. This property is a perfect opportunity for a savvy investor seeking to generate amazing rental returns or for a multi-generational family in need of flexibility, allowing everyone to live together while still maintaining privacy.

Upstairs features:
Bedroom 1: A spacious 3.7m x 7.7m bedroom with a modern ensuite, dual balcony, and its own outdoor kitchenette and laundry.

Bedroom 2: A 6m x 3.3m bedroom with a modern ensuite and private balcony.
Bedroom 3: A 2.7m x 3.8m bedroom with a modern ensuite.
Bedroom 4: A 2.7m x 3.8m bedroom with a modern ensuite.
Common kitchen space: Located upstairs, serving all bedrooms, ideal for shared meals and added convenience.

Downstairs features:
Studio 1: A large 3.3m x 7.7m room complete with a kitchenette setup and modern ensuite.
Studio 2: A 3.4m x 4.9m room with a kitchenette setup and modern ensuite.

Additionally, the downstairs area includes a shared laundry, extra storage, and a single lock-up garage, ensuring convenience for all occupants. The property also boasts a low-maintenance, fully fenced backyard and a covered patio, perfect for outdoor relaxation and entertainment.

Situated on a corner block of 536m2 in a quiet, family-friendly street, this home is perfectly positioned for convenience:

Schools: Algester State School and St. Stephen's Catholic Primary School are both just a 5-minute drive, and Calamvale Community College is less than 10 minutes away.
Shopping: The property is within close proximity to local shopping centres including Calamvale Central and Sunnybank Hills Shoppingtown, both just a 7-minute drive. For larger retail options, Garden City Shopping Centre is just 15 minutes away.
Recreation: Algester's popular Col Bennett Park with its playgrounds, walking paths, and BBQ areas is just a short 5-minute stroll, while the Algester Sports Club offers tennis, soccer, and other recreational facilities nearby.
Public Transport: The property is well connected to public transport, with bus stops just a 7-minute walk away, providing regular services to Brisbane CBD, which is only 20km from the property.
Healthcare: Algester Medical Centre and nearby pharmacies are just a few minutes' drive, with Sunnybank Private Hospital approximately 15 minutes away for more comprehensive medical needs.

This is an extremely rare chance to secure a high-yield property with modern renovations and exceptional dual-living potential. Don't miss out - contact us today to arrange an inspection and discover why 34 Ridgewood Rd, Algester is the perfect investment or family home.

Disclaimer: Due to QLD legislation which prohibits a seller or agent from providing a price guide for auction properties, a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 34 Ridgewood Rd, Algester, QLD 4115

A timeline of how this property has performed in the market
Last Sold
$730,000
12 Dec 2022
  • 19 Sep 2024
    Listed for Sale Circa 7% Rental Yield! $1.2m Negotiable
  • 12 Dec 2022
    Sold for $730,000
  • 06 Sep 2022
    Listed for Sale OFFERS OVER $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 3,647 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.
There are currently 36 properties listed for sale, and 4 properties listed for rent in Algester on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in Algester.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.