OFF MARKET

29 Rural Street
Park Ridge QLD 4125

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 101m2
Land area: 457m2
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Property Details for 29 Rural St, Park Ridge

29 Rural St, Park Ridge is a 0 bedroom, 0 bathroom House with 2 parking spaces and was built in 2022. The property has a land size of 457m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in January 2021.

Building Type
House
Year Built
2022
Floor Size
101m2
Land Size
457m2
Local Government
Logan City
Lot/Plan
21/SP304580

Last Listing description (December 2020)

Your time is precious and our service is created to ensure that you are supported through every step of the home buying process from start to handover.

Opportunity:

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.

The Park Ridge Master Plan Area was adopted by Logan City Council in 2011 and sets out a clear plan for an integrated, well planned urban community and employment area with extensive environment, parks and waterway networks. This structure will form the basis for
new communities which will bring quality dwellings along with new infrastructure and amenity.

Almost $400 million of new infrastructure is currently under construction, planned or recently completed within the Logan LGA which will be needed to support the strong population growth that is forecast. The Park Ridge Catchment is forecast to grow by around 25,000 residents over the next 20 years, and see jobs growth of around 8,000 - 13,000.

An example of homes available
Two contracts, Land and Construction.
Main Dwelling: 3 Bed, 1 Bath, Single Garage
Auxiliary Dwelling: 2 Bed, 1 Bath, Single Garage
Land size: 350m2 Land Price $225,000
House size: 191.15m2 Build Price $271,703
FIXED PRICE CONTRACT: $496,703

Brick veneer construction, 6 star energy efficiency, Turf & landscape gardens, Fully fenced, Concreted driveways, paths & patios, Split Air Conditioning to both units, Lever door handles throughout, Fully painted with Taubman's quality paints, Stainless Steel European appliances, Clothesline, TV antenna & letterbox, Carpet & Tile throughout, Vertical blinds to all windows, Safety screens & window locks, Security screen to external doors, Fan light to bedrooms, Garage remote controls, 6yr Structural Guarantee, 12mths Maintenance period.

RENTAL ESTIMATE: $630 to $670 per week combined
Main Dwelling 1 $340 to $360 per week
Auxiliary Dwelling 2 $290 to $310 per week

COMPLIMENTARY 3 YEAR RENTAL GUARANTEE (terms and conditions apply)
Completing an expression of interest and an initial deposit of $1,000 will secure a property.

Contact John Scanlan - 0407 375 932 to Book a free Discovery Call to let us know what you require form your home purchase.

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

Property History for 29 Rural St, Park Ridge, QLD 4125

A timeline of how this property has performed in the market
Last Sold
$233,500
12 Jan 2021
  • 12 Jan 2021
    Sold for $233,500
  • 10 Dec 2019
    Listed for Sale Contact agent for further details

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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 6,237 properties.

    There are currently 79 properties listed for sale, and 39 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 429 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.