SOLD
Sold on 29 Jul 2024 for $615,000

113 Velorum Drive
Kingston QLD 4114

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 77m2
Land area: 840m2
Sold By
Harcourts Inner East Balmoral
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Property Details for 113 Velorum Dr, Kingston

113 Velorum Dr, Kingston is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1980. The property has a land size of 840m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Kingston in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
77m2
Land Size
840m2
Local Government
Logan City
Lot/Plan
56/RP198608

Last Listing description (August 2024)

This compact brick and tile home belies the massive opportunity awaiting an astute purchaser.
Great & happy tenant in place paying $490 per week until June 30th 2025.

Set on a large 840m2 block with huge shed and outdoor undercover area the savvy investor will need only a glance to recognize the opportunity to further develop the large block in the future.

Situated in a lovely leafy street around the corner from a lovely park, Kingston College and just minutes access to the Logan Motorway, approx 45 mins to the Gold Coast and 25mins to the Brisbane CBD this property also boasts a plethora of shops, schools, medical centres and eating out options.

The property boasts a huge shed and a massive undercover area suitable to utilise to work on a vehicle or that project you need the room to finish!
Huge 28m frontage and approx 30m deep this block will offer many options for future development. Prime land banking property with a rent return that can only improve.

A compact and user-friendly home that is ripe for renovation and expansion down the track.

Features:
- 3 Bedrooms
- Two-way bathroom
- Carpeted living room and bedrooms
- Fully fenced great for kids and pets.
- Huge backyard.
- Close to all amenities
- 840m2 of great Real Estate!
Huge shed and undercover area.

Currently tenanted.
Inspections by appointment.

Property History for 113 Velorum Dr, Kingston, QLD 4114

A timeline of how this property has performed in the market
Last Sold
$615,000
29 Jul 2024
Listed for Rent
$300/w
25 Jun 2017
  • 29 Jul 2024
    Sold for $615,000
  • 27 Jun 2024
    Listed for Sale Under Offer
  • 07 Dec 2016
    Listed for Rent $300 / week
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About Kingston 4114

The size of Kingston is approximately 6.7 square kilometres. It has 30 parks covering nearly 17.2% of total area. The population of Kingston in 2011 was 10,183 people. By 2016 the population was 10,538 showing a population growth of 3.5% in the area during that time. The predominant age group in Kingston is 20-29 years. Households in Kingston are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kingston work in a labourer occupation. In 2011, 51.4% of the homes in Kingston were owner-occupied compared with 47.5% in 2016.

Kingston has 4,146 properties. Over the last 5 years, Houses in Kingston have seen a 131.71% increase in median value, while Units have seen a 87.11% increase. As at 30 September 2024:

  • The median value for Houses in Kingston is $653,363 while the median value for Units is $457,182.
  • Houses have a median rent of $500 while Units have a median rent of $440.
There are currently 26 properties listed for sale, and 23 properties listed for rent in Kingston on OnTheHouse. According to CoreLogic's data, 176 properties were sold in the past 12 months in Kingston.

Suburb Insights for Kingston 4114

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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.