Lot 46 Blackwell StHillcrest QLD 4118
Property Details for Lot 46 Blackwell St, Hillcrest
Lot 46 Blackwell St, Hillcrest is a 6 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 368m2.
Last Listing description (September 2024)
This property is located in the council area of Logan.
Why LOGAN? Consistent long term growth, above average rental returns and low vacancy rates makes LOGAN attractive to investors. Abundant schools, an abundance of shopping options along with plentiful strong employment hubs in all suburbs makes the Logan area in particular an "in demand" area for housing.
The Opportunity: this property gives twice the opportunity. Not one rent but two! From the street front it appears to be a single family home, but it is when you look inside that you realize that there are two separate dwellings included in this property. That is right - two dwellings - two incomes! This property is strong positively geared right from the first month for most investors.
Positive cash flow
Low outgoings - no body corporate fees, low council rates and water rates
Achievable rents are approx 50% higher than the typical 4 bedroom house
Located in high growth area, with high rental demand
Located in prime quality residential estates
Located in high population areas close to fast expanding hubs
Larger lots
Lower your risk - if one dwelling is vacant, the additional one is still producing income
Close to schools, shops and all other services and recreational facilities
AREA INFORMATION: HILLCREST I s higher demographic suburb with higher income levels than some other suburbs of Logan. It is next to the suburbs of Regents Park, Boronia Heights and Heritage Park. It is undulating and with tree lined streets and numerous parks - the area is clean and green. Less and less land is available in this suburb, so in the next 3 years this suburb will boom! Not to say it has not boomed now - land was around the $320,000 price 2 years ago and now it is near to $500,000 for same size lot. This is a highly sought after location - no flooding risk and crime is less than in other suburbs nearby.
THIS OPPORTUNITY:
DUAL OCCUPANCY: total of 6 beds, 3 baths and 2 cars
Land: Lot 5 - size 368m2. Price: $505,000 Registered
Dual Occupancy: unit 1: 4beds, 2 baths and 1 car Plus
Unit 2: 2 beds, 1 bath and 1 car
Total size of dwellings: 238.54m2. Build Cost: $505,000
Inclusions:
Summary only: - upgrades available at nil additional cost include:
- Split systems x 3 in total - 2 in main unit + 1 in secondary unit
- Tile flooring in kitchen, dining and living in both units
- Roller blinds throughout
- Stone benchtops in kitchen and bathroom/ensuite vanity units
- Upgraded shower and tap fittings in kitchen and all bathrooms
See brochure inclusions for full details of inclusions
Rental estimate:
Estimates is attached:
$1100 to $1200 maximum per week for both units
To Purchase:
Two contracts - Land plus building contract - pay stamp duty only on land price
Finance: 21 days from contract date for approval s/to valuation
Settlement: 14 days after finance approval notified as unconditional or 14 days from registration of title
Well established local Logan/Gold Coast builder with excellent quality presentation and construction.
NOTE: DUE TO HIGH LEVEL OF SALES THIS PROPERTY IS SUBJECT TO AVAILABILITY AT TIME OF ENQUIRY
FOR SALE: $1.013,000
KAYE TILLEY 0418 823 046
Property History for Lot 46 Blackwell St, Hillcrest, QLD 4118
- 25 Jul 2024Listed for Sale $1,013,000
- 26 Jan 2023Listed for Sale From: $755 500
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0About Hillcrest 4118
The size of Hillcrest is approximately 3.2 square kilometres. It has 14 parks covering nearly 12.6% of total area. The population of Hillcrest in 2011 was 5,228 people. By 2016 the population was 5,626 showing a population growth of 7.6% in the area during that time. The predominant age group in Hillcrest is 0-9 years. Households in Hillcrest are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Hillcrest work in a machinery operators and drivers occupation. In 2011, 61.4% of the homes in Hillcrest were owner-occupied compared with 57.7% in 2016.
Hillcrest has 3,176 properties. Over the last 5 years, Houses in Hillcrest have seen a 103.15% increase in median value, while Units have seen a 118.59% increase. As at 31 October 2024:
- The median value for Houses in Hillcrest is $774,821 while the median value for Units is $486,896.
- Houses have a median rent of $555 while Units have a median rent of $470.
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