30 Mount Mitchell StreetPark Ridge QLD 4125
Property Details for 30 Mount Mitchell St, Park Ridge
30 Mount Mitchell St, Park Ridge is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2020. The property has a land size of 729m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in June 2020.
Last Listing description (September 2020)
"Sierra" estate is Located in a quiet pocket of Logan City in the suburb of Park Ridge where you'll enjoy all the benefits of living just minutes from established schools, shopping centres and recreational facilities. Just minutes from the M1 you'll have the freedom to spend the weekends by Gold Coast beaches or dining in Brisbane CBD. Charming local caf's and lush parks provide a variety of activity for the whole family to enjoy. The location of Sierra Estate is simply unparralelled.
Park Ridge has experienced unprecedented growth over the past 3 years, and this is only the beginning. It is prioritised by both the Logan Council and also the State Govt to be a large and very well serviced community development offering its residents an unprecedented lifestyle with everything right at their fingertips! It surely has begun that way....
This little boutique development is in a very convenient location with very easy access to all local services and facilities and far beyond. The M1 is just a few moments drive away .... and with the already established road networks it ensures easy connectivity to all suburbs of Logan and into the inner City of Brisbane.
Park Ridge still has further growth to happen..... and will be growing for an additional 5-10 years before fully established.
Buy now and benefit from the rising land prices as growth continues.......
Please refer to our two reports which we have provided you with: they are Urbis Report and also the Residex Report - these provide extensive information on growth and development in this exciting location.
Property details: Dual occupancy with 5 beds, 3 baths and 3 car garages!
Land details: Lot 31 MT MITCHELL STREET (CORNER LOT) Sierra Estate, size: 390m2 Price: $227,900 Registered
Details: Dual Occupancy - total of 5beds, 3 baths, 2 cars
Size: 184m2 Build Price: $278,000
Dwelling 1: 3 beds, 2 baths, 1 car- size 119.54m2
Dwelling 2: 2 beds, 1 bath, 1 car - size 64.71m2
Rental estimate: $680 to $730 per week - we estimate $700 per week total
Based on $690 the gross income yield is 6.5% - based on the higher rental of $730 the gross rental yield is 7.5%.
Fixed Price - Turn key contract - tenant ready!
Off the Plan Purchase - this property is not constructed, but land is registered and ready to build on
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 35 days from date of land contract
5% deposit paid on unconditional for Building Contract - progressive drawdowns
Inclusions:
Please refer to the attached full inclusions list and also the illustrated brochure with all appliances and equipment detailed
FOR SALE: $505,900
Kaye Tilley 0418 823 046
Property History for 30 Mount Mitchell St, Park Ridge, QLD 4125
- 23 Jun 2020Sold for $245,000
- 10 May 2020Listed for Sale $505,900
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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 6,414 properties. Over the last 5 years, Houses in Park Ridge have seen a 78.65% increase in median value, while Units have seen a 104.98% increase. As at 28 February 2025:
- The median value for Houses in Park Ridge is $795,367 while the median value for Units is $683,828.
- Houses have a median rent of $600 while Units have a median rent of $520.
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