48 Spruce StreetLoganlea QLD 4131
Property Details for 48 Spruce St, Loganlea
48 Spruce St, Loganlea is a 5 bedroom, 3 bathroom Unit 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 Unit sold in Loganlea in the last 12 months.
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:
- 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
- 05 Sep 2024Sold for $781,000
- 20 Aug 2024Listed for Sale SOLD by Hayden Molloy Properties
- 14 Aug 2023Sold for $23,687
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0About 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 3,801 properties. Over the last 5 years, Houses in Loganlea have seen a 93.29% increase in median value, while Units have seen a 114.95% increase. As at 30 November 2024:
- The median value for Houses in Loganlea is $710,654 while the median value for Units is $556,086.
- Houses have a median rent of $520 while Units have a median rent of $500.
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