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Sold on 25 Nov 2024 for $935,000

5 Rural Street
Park Ridge QLD 4125

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 217m2
Land area: 475m2
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Property Details for 5 Rural St, Park Ridge

5 Rural St, Park Ridge is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 475m2 and floor size of 217m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 5 bedroom House sold in Park Ridge in the last 12 months.

Building Type
House
Floor Size
217m2
Land Size
475m2

Last Listing description (November 2024)

The Ryan Trama Team proudly presents 5 Rural Street in Park Ridge - With a CURRENT dual-income rental return of $970 per week, this is an investment opportunity like no other!

Boasting two units under one roof, this near-new 2020 build is situated on a generous 475m2 block - providing both units with a sizeable yard! The floorplan of each dwelling is designed to maximise space, whilst allowing occupants to live a low-maintenance lifestyle. High quality fittings and features are included throughout, including air-conditioning, stone bench-tops to the kitchens and bathrooms, quality kitchen appliances, LED down-lights and premium blockout blinds.

Perfectly located for future capital growth, this property is just moments from significant development. The BRAND NEW Park Ridge State School (opening Term 1, 2025) is a short walk away, whilst the NEW Woolworths development is just a 2 minute drive away.

Main Unit - Current Rental Return: $520 per week
- 3 bedrooms, 2 bathrooms, 1 car remote garage, plus parking for second car on driveway
- Master bedroom with ensuite featuring stone bench-top to vanity, shower and toilet
- All bedrooms with ceiling fans and built-in wardrobes
- Spacious kitchen with stone bench-top, premium appliances including dishwasher, and plenty of storage
- Large open plan living area with air-conditioning and ceiling fan
- Outdoor alfresco overlooking spacious backyard
- Space-saving laundry in garage
- NBN ready

Second Unit - Current Rental Return: $450 per week
- 2 bedrooms, 1 bathroom, 1 car remote garage, plus parking for second car on driveway
- Both bedrooms with ceiling fans and built-in wardrobes
- Spacious kitchen with stone benchtop, premium appliances including dishwasher, and plenty of storage
- Open plan living area with air-conditioning and ceiling fan
- Outdoor alfresco overlooking spacious backyard
- Space-saving laundry in garage
- NBN ready

Contact Ryan Trama today to secure this incredible opportunity! 0448 295 135

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Property History for 5 Rural St, Park Ridge, QLD 4125

A timeline of how this property has performed in the market
Last Sold
$935,000
25 Nov 2024
Listed for Rent
$400/w
27 Oct 2023
  • 25 Nov 2024
    Sold for $935,000
  • 12 Nov 2024
    Listed for Sale SUBMIT ALL OFFERS!
  • 24 Oct 2023
    Listed 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 6,373 properties. Over the last 5 years, Houses in Park Ridge have seen a 81.77% increase in median value, while Units have seen a 124.67% increase. As at 30 November 2024:

  • The median value for Houses in Park Ridge is $782,077 while the median value for Units is $752,345.
  • Houses have a median rent of $595 while Units have a median rent of $520.
There are currently 75 properties listed for sale, and 40 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 338 properties were sold in the past 12 months in Park ridge.

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Ryan Trama
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Rumaanah Razak
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