50 Mount Mitchell StreetPark Ridge QLD 4125
Property Details for 50 Mount Mitchell St, Park Ridge
50 Mount Mitchell St, Park Ridge is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 390m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 5 bedroom House sold in Park Ridge in the last 12 months.
Last Listing description (July 2024)
Looking for an exceptional investment opportunity that promises high returns and flexibility? Look no further! Our dual-key property at 50 Mount Mitchell St, Park Ridge is the perfect investment for savvy investors seeking both rental income and capital appreciation.
Nestled in the heart of Park Ridge, our property is strategically located close to essential amenities such as schools, shopping centres, healthcare facilities, and public transport, ensuring high demand from tenants. What sets our property apart is its innovative dual-key design. With separate entrances and living spaces, this property offers unparalleled flexibility. You can rent out both units separately, catering to multiple tenants simultaneously, maximizing your rental yield. Whether you're targeting small families, couples, or individuals, our dual-key property accommodates various tenant preferences. This diversity minimizes vacancy risks and ensures a steady stream of rental income. Enjoy attractive rental yields that outperform traditional single-unit investments, providing you with a stable source of passive income. This property is sitting on a 390m2 block of land.
Property Features
• 3 Bedrooms
• 2 Bathrooms
• Single Lock-up Garage
• Currently tenanted until 07/08/2024 @ $450p/w
• Rental Appraisal $480- $540 p/w
Unit 2
• 2 Bedrooms
• 1 Bathroom
• Single Lock-up Garage
• Currently Vacant
• Rental appraisal $380- $440 p/w
Location Highlights:
- Easy access to major motorways to Brisbane CBD, Sunshine Coast, and Gold Coast.
- 2-minute drive to the NEW Park Ridge State School (opening Term 1, 2025)
- 2-minute drive to multiple childcare centres
- 3-minute drive to the new Woolworths development
- 1-minute drive to local parks
- 8-minute drive to Park Ridge Town Centre
- 15 minutes to Grand Plaza
- 38 minutes to Brisbane CBD
With our dual-key property at 50 Mount Mitchell St, Park Ridge, you can enjoy peace of mind knowing you're investing in a high-demand location with excellent growth prospects.
Don't miss out on this incredible investment opportunity! Contact us today to learn more about our dual-key property and take the first step toward securing your financial future.
Disclaimer: All information provided in this write-up is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.
Property History for 50 Mount Mitchell St, Park Ridge, QLD 4125
- 02 Jul 2024Sold for $848,000
- 24 Jun 2024Listed for Sale For Sale
- 10 Sep 2020Sold for $227,900
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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 6,287 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.
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