OFF MARKET

13 Farmer Place
Park Ridge QLD 4125

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 98m2
Land area: 406m2
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Property Details for 13 Farmer Pl, Park Ridge

13 Farmer Pl, Park Ridge is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 406m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
House
Year Built
2021
Floor Size
98m2
Land Size
406m2
Local Government
Logan City
Lot/Plan
3/SP307808

Last Listing description (July 2023)

Welcome to 13 Farmer Place, Park Ridge. This impressive dual key has already been setup with great long-term tenants in place and an excellent return on investment from purchase date. This is where real investment potential exists in a changing market. Great location, potential for even greater returns that sets this style of properties apart from standard investment properties.

Positioned on a great 406m2 block, build in 2021 only and you will be impressed by the floor plan as well as design. The block having two units one with 3 beds, 2 bath with 1 car, second one with 2 beds, 1 bath and 1 car unit. Full landscaping with gardens, fully fenced and both units offering impressive alfresco areas. Great open plan designs and the spacious 3-bedroom unit offers separation in the floor plan with bedrooms 1 and 2 at the front of the unit and master bedroom at the back.

UNIT 1 includes:

-3 bedrooms with built-in wardrobes
-Master room with ensuite and walk in robe
-Aircon in the main living area
-Electric cooktop, oven and dishwasher
-Separate entry
-Single lock up garage.
- current rent $450 per week
- NEW RENTAL IN TODAY'S MARKET IS AROUND $480 PER WEEK

UNIT 2 include:
-2 bedrooms with built-in wardrobes
-Aircon in the main living area
-Electric cooktop, oven and dishwasher
-Separate entry
-Single Lock up Garage
- current rent $350 per week
- NEW RENTAL IN TODAY'S MARKET IS AROUND $380 PER WEEK

- Potential rent for both unit is $860 to $890 per week
- Easy access to motors ways to Brisbane CBD, Sunshine and Gold Coast
- Located in a fast-growing suburb of Park Ridge
- A short drive Park Ridge Town Centre with Coles, Woolworths, and Homestead Markets
- Security screens windows and doors
- Fully fenced and landscaped
- Split system air-conditioning to main living areas
- Kitchen with overhead cupboards & stone bench tops
- Separate electric meters & letterbox for each residence
- Exposed aggregate concrete driveway

We have in preparing this information used our best endeavors to ensure that the information contained therein is true and accurate but accepts no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein.

Contact me now for more detailed information including rental and lease details.

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Property History for 13 Farmer Pl, Park Ridge, QLD 4125

A timeline of how this property has performed in the market
Last Sold
$760,000
04 Jun 2023
  • 04 Jun 2023
    Sold for $760,000
  • 26 May 2023
    Listed for Sale FOR SALE
  • 26 Nov 2020
    Sold for $241,000

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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 6,279 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 73 properties listed for sale, and 39 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 316 properties were sold in the past 12 months in Park ridge.

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