29 Anne StreetPark Ridge QLD 4125
Property Details for 29 Anne St, Park Ridge
29 Anne St, Park Ridge is a 5 bedroom, 3 bathroom DuplexSemi-detached with 2 parking spaces. The property has a land size of 506m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 5 bedroom DuplexSemi-detached sold in Park Ridge in the last 12 months.
Last Listing description (October 2024)
This dual key property, built in 2019, presents a fantastic investment opportunity with great long-term tenants and promising returns. Here's a detailed overview of the features and benefits of this investment:
Property Overview
Lot Size: 506 m² WITH 13.1 m2 frontage
Unit 1: 3 bedrooms, 2 bathrooms, 1 car garage.
Unit 2: 2 bedrooms, 1 bathroom, 1 car garage.
Unit 1 Features:
Living Area: Open-plan living, dining, and kitchen flowing to the outdoor patio.
Kitchen: Stylish with stone benchtops and ample storage.
Bedrooms: 3 spacious carpeted bedrooms with built-in wardrobes and ceiling fans; master with ensuite and walk-in wardrobe.
Climate Control: Air conditioning in both the living area and master bedroom.
Garage: Remote-controlled single garage with internal access and integrated laundry.
Outdoor: Secure backyard, fully fenced.
Lighting: Modern LED lights throughout.
Rental Income: Currently $500 per week, leased until 17/04/2025. Potential to increase to $540 per week.
Unit 2 Features:
Living Area: Open-plan living, dining, and kitchen with access to a patio.
Kitchen: Modern kitchen with plenty of storage.
Bedrooms: 2 bedrooms, both with built-in wardrobes.
Climate Control: Air conditioning in the living area and master bedroom.
Garage: Single lock-up garage with with internal access and integrated laundry.
Outdoor: Secure, fully fenced backyard.
Lighting: LED lights and ceiling fans throughout.
Rental Income: Currently $420 per week, leased until 06/07/2025. Potential to increase to $480 per week.
Financial Summary:
Current Combined Rental Income: $920 per week.
Potential Future Rental Income: $1,045 per week.
Council Rates: Single council rate for both units.
No Body Corporate Fees.
Location & Growth Potential:
Prime Location: Close to major motorways, with easy access to Brisbane CBD, Sunshine Coast, and Gold Coast.
Amenities: Nearby Park Ridge Town Centre includes major supermarkets like Coles and Woolworths.
Fast-Growing Suburb: Located in Park Ridge, a highly sought-after and rapidly developing suburb.
Additional Features:
Outdoor Areas: Fully landscaped gardens, with exposed aggregate concrete driveway.
Cooling: Split system air conditioning in main living areas.
Utilities: Separate electric meters and letterboxes for each unit.
This property stands out as an ideal investment due to its modern build, dual rental income streams, and excellent growth potential in a booming area. The combination of long-term tenants and no body corporate fees enhances its appeal, ensuring a stable and lucrative return for the future.
Disclaimer:
We have made every effort to ensure the accuracy of this information but disclaim any liability for any errors or misstatements. Prospective purchasers should verify the information themselves.
Property History for 29 Anne St, Park Ridge, QLD 4125
- 25 Oct 2024Sold for $927,000
- 14 Oct 2024Listed for Sale Check Mate !!
- 22 Jun 2023Listed for Rent $400 / week
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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 6,252 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.
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