OFF MARKET

66/40 Old Logan Road
Gailes QLD 4300

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 115m2
Land area: 148m2
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Property Details for 66/40 Old Logan Rd, Gailes

66/40 Old Logan Rd, Gailes is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 2016. The property has a land size of 148m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Townhouse
Year Built
2016
Floor Size
115m2
Land Size
148m2
Local Government
Ipswich
Lot/Plan
66/SP271497

Last Listing description (May 2024)

Stuated in a quiet and beautifully managed complex in Gailes. Bus stops at the door and shops & restaurants across the street! Current rent is $405 pw and the new tenant rent approval is $440pw. The current tenant keeps the property as if his own and intends to stay. It represents excellent value to homeowners and Investors!

Open plan layout ,aircons in open plan living downstairs & master room. The living room overlook the fenced private backyard. The complex also has a few shared services including a small Gym, and green space.


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 to tenants for $405 pw, with current rent appraisal at *$440 pw

- DOWNSTAIRS -
Good sized open plan living and dining room plus family area
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 complex access private backyard with clothesline and garden
Security screens throughout
Single garage with remote and internal access.
Second car park for the family

- UPSTAIRS -
3 large bedrooms with ceiling fans and built-in robes
Master bedroom with a stylish modern ensuite, a walk-in robe together and 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!
(*approximate)

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Property History for 66/40 Old Logan Rd, Gailes, QLD 4300

A timeline of how this property has performed in the market
Last Sold
$382,000
24 Aug 2022
  • 24 Aug 2022
    Sold for $382,000
  • 02 Aug 2022
    Listed for Sale Offers over $385K Under contract
  • 22 Aug 2017
    Sold for $332,000

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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 761 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.
There are currently 4 properties listed for sale, and 4 properties listed for rent in Gailes on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Gailes.

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