OFF MARKET

13 Summit Street
Griffin QLD 4503

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Land area: 375m2
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Property Details for 13 Summit St, Griffin

13 Summit St, Griffin is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2016. The property has a land size of 375m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
House
Year Built
2016
Land Size
375m2
Local Government
Moreton Bay
Lot/Plan
43/SP286168

Last Listing description (January 2023)

Presented to market for the first time since it was built in 2016 is this incredible low maintenance investment opportunity in a growing suburb with a location that can't be beat. You simply can't go wrong with this one!

- Modern dual lock property with two great tenants in place
- Total rental income: $660 per week (currently)

- Rental appraisal actually $780 - $820 per week (due for increase March 2023)
- No body corporate as this is a one title dual lock property
- Situated in a quiet family friendly street

Unit 1 features:
- Currently rented $380 per week, lease due for increase 10/3/2023
- 4 bedrooms, bathroom plus ensuite, 1 car garage
- Open-plan living and dining area
- Modern kitchen with electric stovetop and oven, dishwasher
- Air conditioning in living area
- Security screens
- Ceiling fans and blinds throughout
- Single lock-up garage
- Fully fenced back yards, child friendly, pet friendly
- Covered entertainment area

Unit 2 features:
- Currently rented $280 per week, lease due for increase 10/3/2023
- 1 bedroom, 1 bathroom, 1 car garage
- Open-plan living and dining area
- Modern kitchen with electric cooking, dishwasher
- Air conditioning in living area
- Security screens
- Ceiling fans and blinds
- Single lock-up garage
- Fully fenced back yards, pet friendly
- Covered entertainment area
- Intercom entry

Make no mistake, savvy investors will jump on this opportunity! Contact Deanna to arrange your inspection and avoid missing out.

With returns of approximately $34,320 pa this property is an opportunity to create an extra stream of cashflow for the savvy investor. Add a stress-free addition to your portfolio in a location that oozes appeal to quality tenants and an area tipped for growth over forthcoming years.

Location:
- Murrumba Downs Train Station 2.9km
- Westfield North Lakes / Ikea 4.4km
- Murrumba Downs Shopping Centre 4.5km
- Griffin Sporting Complex 1.9km
- Griffin State School 0.5 km
- Undurba State School 3.4km
- Murrumba Downs State Secondary College 3.3km
- Living Faith Lutheran Primary 2.2km
- Brisbane Airport 25km

Property History for 13 Summit St, Griffin, QLD 4503

A timeline of how this property has performed in the market
Last Sold
$700,000
12 Dec 2022
Listed for Rent
$370/w
22 Mar 2017
  • 12 Dec 2022
    Sold for $700,000
  • 06 Dec 2022
    Listed for Sale By negotiation
  • 19 Jan 2017
    Listed for Rent - Price not available
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About Griffin 4503

The size of Griffin is approximately 17.2 square kilometres. It has 12 parks covering nearly 6.7% of total area. The population of Griffin in 2011 was 2,357 people. By 2016 the population was 6,830 showing a population growth of 189.8% in the area during that time. The predominant age group in Griffin is 20-29 years. Households in Griffin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Griffin work in a trades occupation. In 2011, 61.5% of the homes in Griffin were owner-occupied compared with 39.3% in 2016.

Griffin has 6,028 properties. Over the last 5 years, Houses in Griffin have seen a 77.13% increase in median value, while Units have seen a 93.56% increase. As at 31 October 2024:

  • The median value for Houses in Griffin is $856,170 while the median value for Units is $598,443.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 48 properties listed for sale, and 13 properties listed for rent in Griffin on OnTheHouse. According to CoreLogic's data, 340 properties were sold in the past 12 months in Griffin.

Suburb Insights for Griffin 4503

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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.