OFF MARKET

283 Redland Bay Road
Capalaba QLD 4157

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 156m2
Land area: 2023m2
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Property Details for 283 Redland Bay Rd, Capalaba

283 Redland Bay Rd, Capalaba is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1977. The property has a land size of 2023m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in November 2020.

Building Type
House
Year Built
1977
Floor Size
156m2
Land Size
2023m2
Local Government
Redland
Lot/Plan
29/RP75435

Last Listing description (December 2020)

Every now and then an opportunity comes along...
Let's start with the Potential return - around 8%
Existing long established Business operating from these premises for 15 years - who are potentially willing to sign a 5 year lease plus the possibility of another 5 years at an annual rent of $57,200...

That's a very generous return on investment - Simple mathematics.

For the home buyer looking for a sprawling home on a oversized block - the tenant would be willing to move on and with an extended settlement to accommodate.

The house could easily be converted back to a generous sized 4 bedroom home... Sitting on over 1/2 acre of unobstructed clear site- also offering a large workshed at the rear with plenty of off street parking.

The property is in a Prime location - very close to the hub of the Capalaba shopping precinct.
This is a unique opportunity and will attract strong interest.
Don't delay your enquiry & inspection...
Very motivated sellers looking for action NOW...

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Property History for 283 Redland Bay Rd, Capalaba, QLD 4157

A timeline of how this property has performed in the market
Last Sold
$700,500
08 Nov 2020
  • 08 Nov 2020
    Sold for $700,500
  • 26 Oct 2020
    Listed for Sale $690,000
  • 19 Jul 2011
    Listed for Sale OFFERS OVER $549,000 CONSIDERED
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About Capalaba 4157

The size of Capalaba is approximately 18.7 square kilometres. It has 42 parks covering nearly 11.2% of total area. The population of Capalaba in 2011 was 16,644 people. By 2016 the population was 17,365 showing a population growth of 4.3% in the area during that time. The predominant age group in Capalaba is 50-59 years. Households in Capalaba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Capalaba work in a trades occupation. In 2011, 72.1% of the homes in Capalaba were owner-occupied compared with 71.4% in 2016.

Capalaba has 8,589 properties. Over the last 5 years, Houses in Capalaba have seen a 80.42% increase in median value, while Units have seen a 87.87% increase. As at 31 August 2024:

  • The median value for Houses in Capalaba is $872,198 while the median value for Units is $577,502.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 58 properties listed for sale, and 55 properties listed for rent in Capalaba on OnTheHouse. According to CoreLogic's data, 402 properties were sold in the past 12 months in Capalaba.

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