OFF MARKET

70 Wesley Way
Gleneagle QLD 4285

Bedrooms: 5
Bathrooms: 4
Car spaces: 2
Floor area: 102m2
Land area: 706m2
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Property Details for 70 Wesley Way, Gleneagle

70 Wesley Way, Gleneagle is a 5 bedroom, 4 bathroom House with 2 parking spaces and was built in 2016. The property has a land size of 706m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Year Built
2016
Floor Size
102m2
Land Size
706m2
Local Government
Scenic Rim Regional
Lot/Plan
168/SP275496

Last Listing description (March 2023)

Located in a quiet street in the Scenic Rise Estate, this dual-living property would tick the boxes for many, here are a few scenarios we thought of straight away.

1. For The savvy investor who is looking for a great ROI, with minimal outgoings, this property has a rental income of $730p/w.
2. The extended family, two homes right next to two each other, you won't have to live in each other's hair in this setup.

3. The owner-occupier lives in one and rents the other out, now that's a smart way to have additional income.

This property is set up on one title, which means only one set of rates, but two incomes.

Unit 1 is 3 Bedrooms, and 2 Bathrooms, and Unit 2 is 2 Bedrooms, and 2 Bathrooms, both units have a single remote car garage, air conditioning to the living, security screens, ceiling fans, and open plan living areas leading out onto the private entertainment area.

Great tenants in place who would like to stay long-term.
- Unit 1 Lease expiry 1.9.2023 $395pw
- Unit 2 Lease Expiry 20.7.2023 $335p/w

Property Details
Built 2016
Council Rates approx $2400 per year
Water Rates Approx $400 per quarter

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Property History for 70 Wesley Way, Gleneagle, QLD 4285

A timeline of how this property has performed in the market
Last Sold
$600,000
02 Mar 2023
Listed for Rent
$315/w
24 Jul 2017
  • 02 Mar 2023
    Sold for $600,000
  • 21 Feb 2023
    Listed for Sale Under Contract by The MORRIS Team
  • 08 Jun 2017
    Listed for Rent $315 / week
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About Gleneagle 4285

The size of Gleneagle is approximately 31.2 square kilometres. It has 3 parks covering nearly 1% of total area. The population of Gleneagle in 2011 was 1,310 people. By 2016 the population was 1,876 showing a population growth of 43.2% in the area during that time. The predominant age group in Gleneagle is 0-9 years. Households in Gleneagle are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gleneagle work in a trades occupation. In 2011, 82.4% of the homes in Gleneagle were owner-occupied compared with 66.2% in 2016.

Gleneagle has 1,421 properties. Over the last 5 years, Houses in Gleneagle have seen a 67.72% increase in median value, while Units have seen a 136.09% increase. As at 30 September 2024:

  • The median value for Houses in Gleneagle is $726,051 while the median value for Units is $741,456.
  • Houses have a median rent of $550 while Units have a median rent of $365.
There are currently 22 properties listed for sale, and 3 properties listed for rent in Gleneagle on OnTheHouse. According to CoreLogic's data, 128 properties were sold in the past 12 months in Gleneagle.

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