OFF MARKET

10 Mccreadie Road
Ormeau Hills QLD 4208

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 148m2
Land area: 971m2
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Last updated 11 Nov 2024
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Property Details for 10 Mccreadie Rd, Ormeau Hills

10 Mccreadie Rd, Ormeau Hills is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 971m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last transferred in December 2021.

Building Type
House
Year Built
2021
Floor Size
148m2
Land Size
971m2
Local Government
Gold Coast City
Lot/Plan
29/RP15895

Last Listing description (February 2021)

Don't miss your chance to own this modern dual key in the fashionable Hampton style! Positioned half way between Brisbane cbd and the magical holiday playground of the Gold Coast this package is definitely worth your consideration. Close to Ormeau train station and The M1 with Westfields just down the road.
Population growth in Qld continues to be largely concentrated in the South east corner with 87% of Qld's growth in 2017-2018.

The Gold Coast, and more specifically Ormeau and Coomera suburbs are seeing a lot of growth.

The population of Coomera in 2011 was 8792 people, by 2016 it was 13,312. This was an increase of 51.4%. In 2016, only 36.8% were owner occupiers,so there is a high demand from renters. As of April 2019, the vacancy rate was a low of 2.6%.

Coomera, has its own technical college, an abundance of schools, an additional rail track has just been completed plus the Tram Link to Helensvale is now open allowing easy transit and connection to Gold Coast University Hospital and Surfers Paradise.
Westfield Coomera is only 4.5min away and is the major shopping draw card for the area. The average capital growth in the last 5 years has been 4.6%.

Finer Details

Lot 10 Mc Credie rd Ormeau Hills
Dual Occupancy:
Main Unit: 3 bed, 2 bathroom, DOUBLE garage
Aux Unit: 2 bed, 1 bathroom, single garage

Full turn key package

Rent: $660-$690 combined per week.
rental guarantee available. Please ask.

Land; 375sqm
Land Price:$285,000

Dual Occ: 251.78sqm
Dual Occ Price: $373,000
Total Package: $658,000

Full Inclusion list available: Please ask.

To Purchase: Two contract purchase - LAND AND BUILD
EXPRESSION OF INTEREST: Holding deposit required of $1000 on signing the EOI
Within 7 days contracts will be issued to buyer for signing and return
Finance period: 21 days from contract date
Land settlement: 14 days from finance approval
Build: Loan needs to be in the form of progress payments, draw down loan

Time frame:
4 weeks for construction approval from local council
14-16 weeks building period to completion and hand over

Call Michael now on 0459-550270
Email: michael@mypropertyshop.com

Property History for 10 Mccreadie Rd, Ormeau Hills, QLD 4208

A timeline of how this property has performed in the market
Last Transferred
$124,500
08 Dec 2021
  • 08 Dec 2021
    Transferred for $124,500
  • 07 Sep 2020
    Listed for Sale $658,000
  • 15 Jan 2019
    Listed for Sale Offers over $549,000
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About Ormeau Hills 4208

The size of Ormeau Hills is approximately 8.6 square kilometres. It has 10 parks covering nearly 2.5% of total area. The population of Ormeau Hills in 2011 was 447 people. By 2016 the population was 3,147 showing a population growth of 604.0% in the area during that time. The predominant age group in Ormeau Hills is 0-9 years. Households in Ormeau Hills are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ormeau Hills work in a professional occupation. In 2011, 84.2% of the homes in Ormeau Hills were owner-occupied compared with 73.6% in 2016.

Ormeau Hills has 1,841 properties. Over the last 5 years, Houses in Ormeau Hills have seen a 80.99% increase in median value, while Units have seen a -38.71% decrease. As at 31 October 2024:

  • The median value for Houses in Ormeau Hills is $925,754 while the median value for Units is $625,464.
  • Houses have a median rent of $720.
There are currently 15 properties listed for sale, and 2 properties listed for rent in Ormeau hills on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Ormeau hills.

Suburb Insights for Ormeau Hills 4208

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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.