OFF MARKET

1 Mount Mitchell Street
Park Ridge QLD 4125

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 144m2
Land area: 451m2
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Property Details for 1 Mount Mitchell St, Park Ridge

1 Mount Mitchell St, Park Ridge is a 5 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2021. The property has a land size of 451m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
Unit
Year Built
2021
Floor Size
144m2
Land Size
451m2
Local Government
Logan City
Lot/Plan
4/SP172398

Last Listing description (August 2020)

THE BEAUMONT ESTATE - positioned right in the middle of everything Park Ridge has to offer! This estate is designed for a better lifestyle, it's unique and well planned. If you prefer the smaller more boutique sized estates then this one is for you! This lifestyle focussed estate offers you all the things you need and all the things you want. There is every kind of school, all kinds of shopping, including Grand Plaza just close by. In fact you can be there in just under 10 mins driving time! This major shopping centre offers you a variety of the major supermarkets, retail stores, cinema and family restaurants. It is just 28 mins drive to Brisbane CBD and 30 mins to the Brisbane airport, just 1 hour to the Gold Coast attractions.
Please note that the predicted capital gain is 10% - the rental income yield currently is around 6%- a good investment property!
Ask for our reports on predicted growth!

"THE BEAUMONT" - is a small 72 lot subdivision fronting Chambers Flat Rd. Site works have begun on stage 1 - the development is in 3 stages. Approval for dual key properties has been provided within this estate.
Surrounded by parks and bush this is a very affordable family friendly area. The already significant development and planning in this area means that you wil enjoy the already established facilities just nearby.
This includes: Child Care, Schools, University and TAFE, Shopping Centres, Public Transport facilities, Medical and Community and Recreational and Entertainment

Property details:
Land details: Lot 4 "The Beaumont Estate - Stage 1: size: 451m2 Price: $242,500 Registered
Dual Occupancy: Total of: 5 beds, 3 baths, 2 cars
Size: 214.03m2 Build Price: $315,900
Dwelling 1: 3 beds, 2 baths, 1 car size: 120.98m2
Dwelling 2: 2 beds, 1 bath, 1 car size: 93.05m2
Rental estimate: see letter: $610 to $650 per week combined income - yield approx 6%
Inclusions: Full list attached
Fixed Price - Turn key contract - Tenant ready
Two contract purchase - Land plus HIA Building contract
EOI to hold plus $1000 deposit refundable - so no risk
21 days for finance approval - land settlement 14 days after title registration
5% deposit paid on unconditional for Building Contract - progressive drawdowns

FOR SALE: $558,400

Kaye Tilley 0418 823 046

Property History for 1 Mount Mitchell St, Park Ridge, QLD 4125

A timeline of how this property has performed in the market
Last Sold
$235,000
09 Oct 2020
  • 09 Oct 2020
    Sold for $235,000
  • 01 Mar 2019
    Listed for Sale $558,400

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About Park Ridge 4125

The size of Park Ridge is approximately 16.8 square kilometres. It has 10 parks covering nearly 0.8% of total area. The population of Park Ridge in 2011 was 2,328 people. By 2016 the population was 2,509 showing a population growth of 7.8% in the area during that time. The predominant age group in Park Ridge is 70-79 years. Households in Park Ridge are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Park Ridge work in a trades occupation. In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016.

Park Ridge has 6,284 properties. Over the last 5 years, Houses in Park Ridge have seen a 78.99% increase in median value, while Units have seen a 65.85% increase. As at 31 October 2024:

  • The median value for Houses in Park Ridge is $772,840 while the median value for Units is $632,719.
  • Houses have a median rent of $590 while Units have a median rent of $520.
There are currently 78 properties listed for sale, and 41 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 323 properties were sold in the past 12 months in Park ridge.

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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.