362 South Pine Rd, Enoggera is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 809m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in August 2019.
This solid 2 storey brick home offers buyers a truly unique opportunity, a genuine cash cow opportunity or live in upstairs whilst renting the lower level for additional income.
Recently returning $1,000 per week with all available rooms occupied and that was before the home was freshly painted and new carpet installed. 6 rooms were individually occupied and self-managed by the owner to maximise return, and what a return that was, giving the new owner a investment opportunity with a potential 9.4% gross return!
Entering the home and heading upstairs you will be greeted with an oversized lounge room, dining area and large kitchen with access to the covered deck. Also located on the upper level are 3 well sized bedrooms all with built-in wardrobes and a bathroom with shower, bath and separate toilet.
The size of Enoggera is approximately 8.6 square kilometres. It has 11 parks covering nearly 3% of total area. The population of Enoggera in 2011 was 5,034 people. By 2016 the population was 5,152 showing a population growth of 2.3% in the area during that time. The predominant age group in Enoggera is 20-29 years. Households in Enoggera are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Enoggera work in a professional occupation. In 2011, 51.8% of the homes in Enoggera were owner-occupied compared with 53.7% in 2016.
Enoggera has 2,469 properties. Over the last 5 years, Houses in Enoggera have seen a 77.87% increase in median value, while Units have seen a 83.66% increase. As at 31 October 2024:
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