34 Ryans Rd, Northgate is a 7 bedroom, 3 bathroom Unit with 4 parking spaces. The property has a land size of 804m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Here's a great opportunity to purchase a property with plenty to offer. Sitting in one of Brisbane's best growth area's it comprises two adjoining properties with a combined area of 1373sqm and with an LMR zoning it's suitable for apartment or townhouse development (subject to council approval).
Located less than 9klms from the CBD, minutes to the Airport, approximately 200 meters from Northgate train station and within walking distance of everything the rapidly developing Nundah Village precinct has to offer, the properties potential is solid.
Both properties are currently leased, one being a 3 bedroom highset timber home on 569sqm currently rented for $390 per week, the other a lowset brick duplex on 804sqm comprising 1x2 bedroom flat and 1x3 bedroom flat with a combined rental of $590 per week. Total holding income of $980 per week.
The size of Northgate is approximately 3.3 square kilometres. It has 12 parks covering nearly 13.1% of total area. The population of Northgate in 2011 was 4,304 people. By 2016 the population was 4,553 showing a population growth of 5.8% in the area during that time. The predominant age group in Northgate is 20-29 years. Households in Northgate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northgate work in a professional occupation. In 2011, 54.6% of the homes in Northgate were owner-occupied compared with 52.7% in 2016.
Northgate has 2,762 properties. Over the last 5 years, Houses in Northgate have seen a 81.24% increase in median value, while Units have seen a 79.37% increase. As at 31 October 2024:
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