OFF MARKET

43 Rural Street
Park Ridge QLD 4125

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 138m2
Land area: 476m2
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Property Details for 43 Rural St, Park Ridge

Building Type
Land
Year Built
2021
Floor Size
138m2
Land Size
476m2
Local Government
Logan City
Lot/Plan
28/SP304580

Last Listing description (December 2020)

Why Consider A Dual Living 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.

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.

A vibrant and dynamic growth area in southeast Queensland, located approximately 25mins from Brisbane CBD to the north, 35mins from Surfers Paradise to the South, and 30mins to Ipswich City to the west. Logan is one of the largest and fastest growing cities in Australia. 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 with new infrastructure and amenity. Arcadia is perfect for families in a safe and friendly community conveniently located close to Park Ridge Town Centre, local schools, handy bus services, parklands and employment opportunities

Main Dwelling: 3 Bed, 2 Bath, Single Garage
Auxiliary Dwelling: 2 Bed, 1 Bath, Single Garage

Land size: 476m2 Land Price $230,000
House size: 215.56m2 Build Price $319,950
FIXED PRICE TURN KEY PACKAGE: $549,950

Two contracts, Land and Construction. Land is Registered.

Our turn key packages have every detail taken care of:
Reverse cycle air conditioning to main living rooms of each dwelling, Engineered stone benchtops throughout, Leading European brand appliances (incl dishwasher), Deluxe roller blinds to all windows and external sliding glass doors, Security screens to all external doors and opening window sashes, Substantial electrical package including USB enabled power points, NBN pre wire and LED downlights throughout (fluorescent to garage), Mirrored door to robes and full length mirror to WIR, Fully fenced and landscaped including driveways and paving, Colorbond roof, Tax Depreciation Schedule

RENTAL ESTIMATE: $620 to $680 per week combined
Main Dwelling: $340 to $360 per week
Auxiliary Dwelling: $280 to $320 per week

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

Contact John Scanlan - 0407 375 932 for full details

Property History for 43 Rural St, Park Ridge, QLD 4125

A timeline of how this property has performed in the market
Last Sold
$235,000
30 Nov 2020
  • 30 Nov 2020
    Sold for $235,000
  • 30 Dec 2019
    Listed for Sale $549,950
  • 31 May 2019
    Listed for Sale $549,950

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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 6,282 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 75 properties listed for sale, and 39 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 319 properties were sold in the past 12 months in Park ridge.

Suburb Insights for Park Ridge 4125

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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.