12/40 Old Logan RoadGailes QLD 4300
Property Details for 12/40 Old Logan Rd, Gailes
Last Listing description (May 2024)
Situated in a quiet and well managed complex in Gailes. This cosy spacious townhouse ticks all the boxes, being close to everything, bus stops, shops & food outlets including a convenience store, doctors, and chemist at the front of the complex entrance. Uniquely a nice private corner block in the leafy quiet complex. Currently rent is at $420 pw until October 2023 and the tenant intends to stay. Represents excellent value to homeowners and Investors!
With 142 m2 of under roof space, it has a large living area, good sized kitchen that boasts plenty of bench space and a free-flowing layout from the kitchen through to the dining room and out to a very practical undercover entertaining patio. Aircons throughout the open plan living downstairs & master room. Master bedroom offers an ensuite and a private balcony. With a surprisingly large, fenced back yard with space for the children and a four-legged friend, this investment has surprises everywhere you look!
Location:
Shops and public transport at the door
1km to Gailes train station, golf club and more
2 mins to M2/M7&M5 (Brisbane Major Highways) easy access to City, Ipswich, and Gold Coast
3 mins to Camira State School (Catchment)
9 mins to Mt Ommaney Shopping Centre
24 mins - Brisbane City
20 mins - Ipswich
During covid and some of the hardest rental years and now the increase of the rental expectation, the complex always achieves 0% vacancy.
With the current expectation of mortgage interest rate increasing, but also the building expense for new properties increasing dramatically, these near new townhouses in this complex are still showing sales and rental expectation increase despite a slowdown of the market in other comparable areas.
Brisbane will heat up for the Olympics, the Brisbane city skyline is changing with the epic development of the Queens Wharf project. Brisbane has not seen this level of development since EXPO 88. Coupling this with the duplication of the M5 and centenary bridge, significantly reducing commuting times to the city from this complex only serves to enhance the attraction of this location.
Property features include:
Currently rented for $420 pw, with rent appraisal at $435 pw.
- DOWNSTAIRS -
Good sized open plan living and dining room
Split system air conditioner.
Generous Kitchen with stone bench tops, stainless steel appliances, electric cooktop and oven, dishwasher, and plenty of cupboard space.
Separate Laundry
Powder room on the first floor
Fully fenced private courtyard with covered pergola and garden
Security screens throughout
Single garage with remote and internal access. Space for a second car in the driveway
- UPSTAIRS -
3 large bedrooms with ceiling fans and built-in robes
Master bedroom with a stylish modern ensuite, full wall built in robe with mirrored sliding doors, a private balcony
Split system air conditioner
Main bathroom with bath and shower
Linen cupboard
Body Corp Costs *$735 per Qtr.
Rates *$475 per Qtr.
Water *$240 per Qtr. (tenant pay for the water usage)
To secure this wonderful property, call Angela on 0468 540 180 for inspection today!
Property History for 12/40 Old Logan Rd, Gailes, QLD 4300
- 25 Oct 2022Sold for $346,000
- 05 Sep 2022Listed for Sale Offers over $370000
- 05 Aug 2016Sold for $330,000
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About Gailes 4300
The size of Gailes is approximately 1.3 square kilometres. It has 8 parks covering nearly 6.4% of total area. The population of Gailes in 2011 was 1,646 people. By 2016 the population was 1,824 showing a population growth of 10.8% in the area during that time. The predominant age group in Gailes is 20-29 years. Households in Gailes are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gailes work in a labourer occupation. In 2011, 49.2% of the homes in Gailes were owner-occupied compared with 49% in 2016.
Gailes has 766 properties. Over the last 5 years, Houses in Gailes have seen a 98.37% increase in median value, while Units have seen a 94.69% increase. As at 30 September 2024:
- The median value for Houses in Gailes is $592,518 while the median value for Units is $503,109.
- Houses have a median rent of $450 while Units have a median rent of $340.
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