SOLD
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Sold on 18 Sep 2023 for $765,000

1 Allspice Street
Crestmead QLD 4132

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 765m2
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Property Details for 1 Allspice St, Crestmead

1 Allspice St, Crestmead is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 765m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 5 bedroom House sold in Crestmead in the last 12 months.

Building Type
House
Land Size
765m2
Local Government
Logan City
Lot/Plan
95/RP191107

Last Listing description (September 2023)

INVESTORS SPECIAL - GREAT RETURNS - CASH FLOW POSITIVE

INVESTORS - Two Incomes from 1 Title
GROSS RETURN OF $910 PER WEEK

An ideal investment opportunity has just arrived for you to look over. This property features not one, but two incomes from two houses on one title and two fabulous tenants locked into long term leases and wanting to stay longer.

1 Allspice Street Crestmead is a 3 bedroom brick and tile home.
Property features include:
• 3 bedrooms
• 1 bathroom
• 1 enclosed carport with internal access
• Fully fenced front yard and rear courtyard
• Large covered entertainment area leading out from kitchen/dining
• Neat and tidy
• Current long term tenant paying $475 per week with lease until 07/06/2024

1A Allspice Street Crestmead is a two bedroom modern Garden Home
Property Features include:
• Spacious Bedrooms, both with built in wardrobes
• Air Conditioning to living area
• Ceiling fans throughout
• Great size & tastefully appointed bathroom with separate bath
• Lovely kitchen with gas cooktop & ample cupboard space
• Security screens throughout
• Generous entertainment deck
• Fully fenced good size low maintenance yard
• Single carport
Current long term tenant paying $435 per week with lease until 22/01/2024

The two houses are separately metered for electricity and water and are both up to date with smoke alarm compliances.

With the yearly gross return of $47320 and outgoings of Rates at $3267 P/A and Water Connection of $1778 P/A the number absolutely stack up to provide and cash flow positive investment with little to be spent in the short term on the properties maintenance.

With the South East Queensland region booming & all the recent infrastructure announcements, now would be an ideal time to invest in the area. We encourage you to act quickly to avoid disappointment, as investments of this quality are rare.

Inspections will be via open home times stated. Feel free to reach out for further information or to secure this rare opportunity.

Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood & Shailer Park by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.

Property History for 1 Allspice St, Crestmead, QLD 4132

A timeline of how this property has performed in the market
Last Sold
$765,000
18 Sep 2023
Listed for Rent
02 Jun 2021
  • 28 Aug 2023
    Sold for $765,000
  • 31 Jul 2023
    Listed for Sale Offers Over $749,000
  • 18 May 2021
    Listed for Rent - Price not available
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About Crestmead 4132

The size of Crestmead is approximately 6.8 square kilometres. It has 17 parks covering nearly 14.4% of total area. The population of Crestmead in 2011 was 11,209 people. By 2016 the population was 12,152 showing a population growth of 8.4% in the area during that time. The predominant age group in Crestmead is 0-9 years. Households in Crestmead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Crestmead work in a labourer occupation. In 2011, 57.4% of the homes in Crestmead were owner-occupied compared with 53.8% in 2016.

Crestmead has 4,401 properties.

    There are currently 26 properties listed for sale, and 8 properties listed for rent in Crestmead on OnTheHouse. According to CoreLogic's data, 219 properties were sold in the past 12 months in Crestmead.

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    Contact agent
    Lindsay Battley
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    Ray White - Springwood
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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.