SOLD
Sold on 13 Jul 2024 for $880,100

31 Weedbrook Street
Park Ridge QLD 4125

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 225m2
Land area: 486m2
Sold By
@realty - National Head Office Australia
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Property Details for 31 Weedbrook St, Park Ridge

31 Weedbrook St, Park Ridge is a 5 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2019. The property has a land size of 486m2 and floor size of 225m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 5 bedroom Unit sold in Park Ridge in the last 12 months.

Building Type
Unit
Year Built
2019
Floor Size
225m2
Land Size
486m2
Local Government
Logan City
Lot/Plan
116/SP302388

Last Listing description (August 2024)

Welcome to 31 Weedbrook Street, Park Ridge, QLD

This luxury dual key property is an ideal investment, boasting excellent long-term tenants and a promising return on investment. Positioned in a prime location, it offers both current and future growth potential, distinguishing it from standard investment properties.

Property Overview:

Located on a spacious 486 m2 block, this dual key property includes two separate units:

Unit 1: 3 bedrooms, 2 bathrooms, 1 car garage

Unit 2: 2 bedrooms, 1 bathroom, 1 car garage

Unit 1 Features:
Living Area: Spacious open-plan living, dining, and kitchen area opening to a patio.
Kitchen: Modern with stone bench tops and ample storage.
Bedrooms: Three generous bedrooms, including a master bedroom with ensuite and a large wardrobe. All bedrooms are carpeted with built-in wardrobes and ceiling fans.
Climate Control: Air conditioning in the living area and master bedroom.
Bathrooms: Functional and neat, with an ensuite in the master.
Garage: Single lock-up remote garage with internal access and laundry facilities.
Outdoor: Fully fenced and secure backyard.
Lighting: LED lights throughout.
Rental Income: Currently $480 per week, lease until 21/08/2024. Potential rental income is $550 per week.

Unit 2 Features:
Living Area: Open-plan living, dining, and kitchen area opening to a porch.
Kitchen: Modern with plenty of storage.
Bedrooms: Two bedrooms with built-in wardrobes.
Climate Control: Air conditioning in the living area and master bedroom.
Bathrooms: Neat and tidy.
Garage: Single lock-up remote garage with internal access and laundry facilities.
Outdoor: Fully fenced and secure backyard.
Lighting: LED lights and ceiling fans throughout.
Rental Income: Currently $410 per week, lease until 21/04/2025. Potential rental income is $480 per week.

Financial Highlights:
Current Combined Rent: $890 per week
Potential Future Rent: $1,020 per week
Council Rates: One council rate for the property.
No Body Corporate Fees.

Location Benefits:
Access: Easy access to major motorways to Brisbane CBD, Sunshine Coast, and Gold Coast.
Amenities: Short drive to Park Ridge Town Centre with Coles, Woolworths, and Homestead Markets.
Growth: Situated in the fast-growing suburb of Park Ridge.

Additional Features:
Security: Security screens on windows.
Outdoor Areas: Fully fenced and landscaped gardens.
Cooling: Split system air conditioning in main living areas.
Kitchen: Overhead cupboards and stone bench tops.
Utilities: Separate electric meters and letterboxes for each residence.
Driveway: Exposed aggregate concrete driveway.

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.

Contact Information:
For more detailed information, including rental and lease details, please contact us now. Don't miss this exceptional investment opportunity in a prime location!

Property History for 31 Weedbrook St, Park Ridge, QLD 4125

A timeline of how this property has performed in the market
Last Sold
$880,100
13 Jul 2024
  • 13 Jul 2024
    Sold for $880,100
  • 17 Jun 2024
    Listed for Sale Offers Above $869,990 !!
  • 25 Oct 2018
    Sold for $245,000
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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 6,287 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 78 properties listed for sale, and 44 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 337 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.