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Sold on 05 Sep 2024 for $781,000

48 Spruce Street
Loganlea QLD 4131

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 116m2
Land area: 350m2
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Property Details for 48 Spruce St, Loganlea

48 Spruce St, Loganlea is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2017. The property has a land size of 350m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 5 bedroom House sold in Loganlea in the last 12 months.

Building Type
House
Year Built
2017
Floor Size
116m2
Land Size
350m2
Local Government
Logan City
Lot/Plan
2/SP292984

Last Listing description (October 2024)

For Sale: Dual Occupancy Investment in Prime Loganlea Location - 48 Spruce Street

Discover an exceptional investment opportunity with this dual occupancy property at 48 Spruce Street, Loganlea. Perfectly positioned in the heart of Loganlea, this property offers the best of convenience and modern living, making it an ideal choice for savvy investors.

Property Features:

- Dual Occupancy: This property is split into two fully tenanted units, providing immediate rental income.

- Unit 1:
- 3 Bedrooms, 2 Bathrooms
- Currently rented at $490 per week until 02/04/2025
- Air-conditioned Living/Dining area
- Ceiling fans and wardrobes in all bedrooms
- Alfresco area with an attached backyard

- Unit 2:
- 2 Bedrooms, 1 Bathroom
- Currently rented at $390 per week from 7/09/2024 - 08/03/2025, then $440 per week until 07/09/2025
- Air-conditioned Living/Dining area
- Ceiling fans and wardrobes in all bedrooms

Rates:
Approximately $1622 per Quarter. Inclusive of both Council Water Sub-Meters.

Location Highlights:
- Transport: Just a 4-minute drive to Loganlea Train Station, an express stop for quick access to Brisbane CBD.
- Health: Only 4 minutes to Logan Hospital, providing peace of mind for healthcare needs.
- Commuting: 9 minutes to the Pacific Motorway M1, offering easy routes north to Brisbane CBD (25-30 minutes) and south to Surfers Paradise (40 minutes to an hour).
- Education: Surrounded by top schools, including Loganlea State High School, Marsden State High School, Waterford and Waterford West Primary Schools, Canterbury College, and Griffith University Logan Campus, all within a 7-minute drive.
- Shopping: Conveniently close to IGA Loganlea (2 minutes), Woolworths Meadowbrook Shopping Centre (4 minutes), and Logan Hyperdome (12-15 minutes).

Investment Potential:
This property is a standout opportunity for investors seeking dual income streams in a sought-after location. With both units tenanted and positioned near key amenities, this property is a smart investment with potential for strong returns.

Property History for 48 Spruce St, Loganlea, QLD 4131

A timeline of how this property has performed in the market
Last Sold
$781,000
05 Sep 2024
Listed for Rent
$300/w
10 Sep 2018
  • 05 Sep 2024
    Sold for $781,000
  • 20 Aug 2024
    Listed for Sale SOLD by Hayden Molloy Properties
  • 14 Aug 2023
    Sold for $23,687
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About Loganlea 4131

The size of Loganlea is approximately 5.6 square kilometres. It has 19 parks covering nearly 4.2% of total area. The population of Loganlea in 2011 was 6,172 people. By 2016 the population was 7,311 showing a population growth of 18.5% in the area during that time. The predominant age group in Loganlea is 20-29 years. Households in Loganlea are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Loganlea work in a labourer occupation. In 2011, 46% of the homes in Loganlea were owner-occupied compared with 39.1% in 2016.

Loganlea has 3,767 properties. Over the last 5 years, Houses in Loganlea have seen a 86.63% increase in median value, while Units have seen a 121.92% increase. As at 30 September 2024:

  • The median value for Houses in Loganlea is $692,556 while the median value for Units is $559,941.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 23 properties listed for sale, and 4 properties listed for rent in Loganlea on OnTheHouse. According to CoreLogic's data, 160 properties were sold in the past 12 months in Loganlea.

Suburb Insights for Loganlea 4131

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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.