10 Pendragon StreetRaceview QLD 4305
Property Details for 10 Pendragon St, Raceview
10 Pendragon St, Raceview is a 4 bedroom, 3 bathroom DuplexSemi-detached with 2 parking spaces and was built in 2015. The property has a land size of 882m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom DuplexSemi-detached sold in Raceview in the last 12 months.
Last Listing description (May 2024)
Welcome to this exceptional dual key property offering a blend of modern convenience and lucrative investment potential. Situated on a generous 882m2 block in the rapidly appreciating Raceview area, this property is poised to deliver strong returns on investment.
Raceview has experienced a remarkable 18% increase in median property value over the last 12 months, making it an attractive location for savvy investors. This upward trend reflects the area's growing demand and promising outlook for capital growth, presenting an ideal opportunity to capitalise on the market's momentum.
The first unit, featuring 3 bedrooms, 2 bathrooms (including a master bedroom with ensuite), a modern kitchen, built-in laundry, and a secure 1 car garage, is designed to meet the needs of discerning tenants seeking quality living spaces. The second unit, with 1 bedroom, 1 bathroom, a modern kitchen, built-in laundry, a separate backyard, and a convenient 1 car carport, provides a cozy retreat for individuals or couples.
With a combined rental income of $715 per week, this property offers a solid return on investment. Furthermore, a rental appraisal indicates the potential for increased income, with unit 1 estimated at $460-$480 per week and unit 2 at $370-$380 per week, yielding a potential total income of $830-$850 per week.
Conveniently located within a short drive to Ipswich CBD, this property offers easy access to essential amenities such as local schools, major shopping centres, and recreational facilities. Its proximity to key infrastructure enhances its appeal to tenants and ensures a steady stream of rental income.
For the Investors:
Unit 1
Configuration: 3/2/1
Rent: $395pw
Rent Appraised: $460 - $480pw
End of lease date: 15th October 2024
Unit 2
Configuration: 2/1/1
Rent: $320pw
Rent Appraised: $370 - $380pw
End of lease date: 14th August 2024
Total
Rent: $715pw
Rates: $1,038 / qtr (subject to change)
Water: $277 / qtr + consumption (subject to change)
No Body Corporate Fees
Don't miss out on securing this versatile and income-generating asset in one of Ipswich's most sought-after areas.
Disclaimer:
STRUD Property has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Property History for 10 Pendragon St, Raceview, QLD 4305
- 06 May 2024Sold for $760,000
- 01 May 2024Listed for Sale FOR SALE
- 30 Apr 2021Listed for Sale FOR SALE NOW
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About Raceview 4305
The size of Raceview is approximately 5.9 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Raceview in 2011 was 8,686 people. By 2016 the population was 9,716 showing a population growth of 11.9% in the area during that time. The predominant age group in Raceview is 0-9 years. Households in Raceview are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raceview work in a trades occupation. In 2011, 51.4% of the homes in Raceview were owner-occupied compared with 53% in 2016.
Raceview has 4,456 properties. Over the last 5 years, Houses in Raceview have seen a 99.05% increase in median value, while Units have seen a 102.38% increase. As at 31 October 2024:
- The median value for Houses in Raceview is $669,499 while the median value for Units is $421,961.
- Houses have a median rent of $530 while Units have a median rent of $425.
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