SOLD
Sold on 23 Dec 2023 for $690,000

4 Newlands Avenue
Petrie QLD 4502

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 162m2
Land area: 646m2
Sold By
H&H Residential Properties Narangba
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Property Details for 4 Newlands Ave, Petrie

4 Newlands Ave, Petrie is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 646m2 and floor size of 162m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Petrie in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
162m2
Land Size
646m2
Local Government
Moreton Bay
Lot/Plan
15/RP802924

Last Listing description (March 2024)

This solid low set duplex is in the booming suburb of Petrie. Traditionally the area has been dominated by owner occupiers due to its convenient location and having all the charms and history of a small country town.

The property is positioned on a 646m2 allotment and is located in a leafy quiet area.

The duplex does require a cosmetic make over but currently offers secure tenants in each unit. With some renovations to the property, you would see a higher rental return with a potential of $850 + per week.

The cypress frame, brick walls and tiled roof make this a solid built property.

Unit 1 offers a large living room, separate dining, good size kitchen, 3 bedrooms with built-ins, bathroom, internal laundry and a single lock-up garage.

Unit 2 is a quaint 1 bedroom with carpeted lounge, reasonable size kitchen, bathroom, internal laundry and a single lock-up garage with a spacious rear yard.

There is potentially room to extend the 1-bedroom unit or add entertaining areas to each unit making them even more attractive to potential occupants and giving you the opportunity to reap the rewards.

We have recently just finished a renovation on a mirror image of unit 2 and can provide costs and picture to show what can be achieved and it was leased out at $400 per week.

Property Location

- 550m to the French?s Forest Shopping Village which offers a well-stocked IGA, bakery, chemist, doctors, takeaway, newsagency, bottle shop and more.
- 1.2km to Kurwongbah State School
- 1.8km to Petrie State School
- 2km to Petrie Woolworths
- 3km to Petrie Station
- 3km to USC Moreton Bay (Petrie University)
- 3km to The Mill Waterpark

This location offers more with only moments to other amenities such as lovely areas to walk around including Sweeney's Reserve and the Northpine Dam which are so peaceful and green. Only a short drive to Northlakes Westfield or Strathpine Centre. The North Pine Country markets is only an 800m stroll away or a couple of minutes by car and a great place to visit, shop and enjoy a great breakfast on a Sunday morning.

Property Information

- Unit 1 currently rented until August 2024 @ $360 per week
- Unit 2 currently rented until August 2024 @ $270 per week
- MBRC Rates $953.98 per quarter
- Unity Water approx..$598.45 per quarter
Don?t miss out on this great opportunity, contact me today to arrange a viewing.
Disclaimer: H&H Residential Properties and its employees cannot be held responsible for any inaccurate details supplied here. We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property History for 4 Newlands Ave, Petrie, QLD 4502

A timeline of how this property has performed in the market
Last Sold
$690,000
23 Dec 2023
  • 23 Dec 2023
    Sold for $690,000
  • 19 Dec 2023
    Listed for Sale Offers Over $670,000
  • 06 Jul 2022
    Listed for Sale CONTACT AGENT

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About Petrie 4502

The size of Petrie is approximately 6.6 square kilometres. It has 32 parks covering nearly 17.5% of total area. The population of Petrie in 2011 was 8,499 people. By 2016 the population was 8,686 showing a population growth of 2.2% in the area during that time. The predominant age group in Petrie is 40-49 years. Households in Petrie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Petrie work in a clerical occupation. In 2011, 76.1% of the homes in Petrie were owner-occupied compared with 71.9% in 2016.

Petrie has 3,606 properties. Over the last 5 years, Houses in Petrie have seen a 83.52% increase in median value, while Units have seen a 88.93% increase. As at 30 September 2024:

  • The median value for Houses in Petrie is $812,939 while the median value for Units is $540,651.
  • Houses have a median rent of $565 while Units have a median rent of $450.
There are currently 31 properties listed for sale, and 10 properties listed for rent in Petrie on OnTheHouse. According to CoreLogic's data, 147 properties were sold in the past 12 months in Petrie.

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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.