69-75 Glen RoadLogan Reserve QLD 4133
Property Details for 69-75 Glen Rd, Logan Reserve
69-75 Glen Rd, Logan Reserve is a 4 bedroom, 2 bathroom House with 5 parking spaces and was built in 1980. The property has a land size of 20040m2 and floor size of 210m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in Logan Reserve in the last 12 months.
Last Listing description (August 2024)
Dynamic Agents is pleased to present this unique site at 69-75 Glen Road, Logan Reserve to the market
The residential development site is in the heart of the Logan Reserve Development precinct. The fully approved DA consists of 13 lots (with 11 allowing Dual Key homes to be built - thus generating a much higher rental return) . It's located across the road from Villworld, Urbex and KDL property's new development Rosebank. These development sites have all sold out and with land very scarce and the Queensland Government offering first home buyers $30k as an incentive (until 30th June, 2025), this site is an absolute gem.
This property is located in the growth corridor of Logan situated between Brisbane and the Gold Coast. This site would be perfect to suit a small community wishing to live close to one another as well. With Lot 13 owning the remainder of the 9710sqm of flood affected land, which could be used for farming or agricultural purposes.
So for those keen to snap up an investment opportunity (or even buy and hold under their SMSF) this site has so much potential. There's even scope to amend the DA to increase to 16 lots as well, thus increasing the return on investment.
For those wishing to increase the rental return and hold to either develop or sell later on, there is already a massive modern house and a 3 bay shed on site. Those could be rented out individually and if you could add an extension and a granny flat (both can be in the form of modular homes), then definitely you would achieve close to $2000 pw in rent quite easily.
Please don't delay and contact Quyen Nguyen from Dynamic Agents on 0401-545-479 as owners are motivated to sell.
Property History for 69-75 Glen Rd, Logan Reserve, QLD 4133
- 31 Aug 2024Listed for Sale Not Disclosed
- 02 May 2024Sold for $1,960,000
- 03 Apr 2024Listed for Sale Not Disclosed
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About Logan Reserve 4133
The size of Logan Reserve is approximately 14.6 square kilometres. It has 6 parks covering nearly 1.6% of total area. The population of Logan Reserve in 2011 was 2,154 people. By 2016 the population was 3,549 showing a population growth of 64.8% in the area during that time. The predominant age group in Logan Reserve is 20-29 years. Households in Logan Reserve are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Logan Reserve work in a trades occupation. In 2011, 68.3% of the homes in Logan Reserve were owner-occupied compared with 60% in 2016.
Logan Reserve has 5,748 properties. Over the last 5 years, Houses in Logan Reserve have seen a 89.40% increase in median value, while Units have seen a 83.86% increase. As at 31 July 2024:
- The median value for Houses in Logan Reserve is $720,323 while the median value for Units is $694,168.
- Houses have a median rent of $570 while Units have a median rent of $440.
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