SOLD
Sold on 03 Sep 2024 for $850,000

22 Farmer Place
Park Ridge QLD 4125

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 107m2
Land area: 417m2
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Property Details for 22 Farmer Pl, Park Ridge

22 Farmer Pl, Park Ridge is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 417m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Park Ridge in the last 12 months.

Building Type
House
Year Built
2021
Floor Size
107m2
Land Size
417m2
Local Government
Logan City
Lot/Plan
34/SP307808

Last Listing description (June 2021)

Why Consider A Dual Occupancy Property.

INVESTORS, two income producing properties on one title and a high rental yield, along with the low outgoings. This usually means that the property will be positively geared from day one. A Dual Living Home will continue to outperform standard investment properties that offer accommodation for one tenant.

OWNER OCCUPIER, live in one half and rent out the other for a passive income.

LARGE FAMILIES requiring four plus bedrooms as well as extra families living, this arrangement could be perfect. If the children can't afford to move out on their own or if aged parents need looking after, Dual Living Homes are the answer.

FIRST HOME BUYERS could be eligible for the Queensland Government First Home Buyers Grant. Dual living homes can relieve their mortgage stress by having an additional source of income from renting one of the dwellings.

Conveniently located to education facilities including private and public schools. Within easy travel is the Metropolitan South Institute of TAFE and Griffith University's Logan campus. 8 min drive to the new shopping complex Park Ridge Town Centre, to include a dynamic mix of businesses, major retailers, boutique stores, entertainment venues and community services.
- 6 min drive to Marsden Park Shopping Centre
- 8 min drive to Park Ridge Tavern
- 8 min drive to Waterford Plaza
- 11 min drive to Grand Plaza Shopping Centre
- 11 min drive to Event Cinemas
- 10 min drive to Greenbank RSL
- 12 min drive to Logan Hospital & Medical facilities
- Easy access to public transport

CONFIGURATION:
Main Dwelling: 3 Bed, 2 Bath, Single Garage
Auxiliary Dwelling: 2 Bed, 1 Bath, Single Garage
Land size: 417m2 Land Price $245,000
House size: 210.32m2 Build Price $327,000
TURN KEY PACKAGE PRICE: $572,000
Two contracts, Land and Construction

INCLUSIONS IN THIS HOUSE AND LAND PACKAGE:
Brick veneer construction with feature Cladding
Colorbond Roof
Split System Heating and cooling air conditioning
Insect screens to all windows and security screens to sliding doors
Premium Paints 3 Coats System
Carpet & Tiles Throughout
Vertical blinds on all windows and sliding doors (excl. wet areas)
Alfresco Area Under Main Roof
Fully Turfed & Landscaped
Exposed aggregate concrete driveway, porch, & alfresco
Fully Fenced
20mm stone kitchen bench tops
Clothesline & Letter box
Full list of inclusions available upon request

RENTAL ESTIMATE: $360 - $370 and $310 - $320 per week
Rental Appraisal available upon request.

Completing an expression of interest and an initial deposit of $1,000 will secure this property.

Our team have searched for the perfect locations, taking into consideration capital growth, home design, occupancy rates and current and proposed infrastructure allocations.

For further information contact John Scanlan - 0407 375 932

Delivering the best value home & land packages in South East Queensland working with a range of clients to meet individual needs and requirements.

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Property History for 22 Farmer Pl, Park Ridge, QLD 4125

A timeline of how this property has performed in the market
Last Sold
$850,000
03 Sep 2024
  • 03 Sep 2024
    Sold for $850,000
  • 05 May 2022
    Sold for $755,000
  • 21 Apr 2021
    Sold for $587,500
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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 6,298 properties. Over the last 5 years, Houses in Park Ridge have seen a 80.95% increase in median value, while Units have seen a 83.20% increase. As at 30 September 2024:

  • The median value for Houses in Park Ridge is $769,477 while the median value for Units is $645,171.
  • Houses have a median rent of $580 while Units have a median rent of $490.
There are currently 77 properties listed for sale, and 34 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 351 properties were sold in the past 12 months in Park ridge.

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