SOLD
RECENT ADVICE
Sold on 14 Jun 2024 for $1,880,000

17 Henderson Street
Redbank QLD 4301

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Property Details for 17 Henderson St, Redbank

Building Type
Land
Local Government
Ipswich
Lot/Plan
13/RP109773

Last Listing description (June 2024)

Discover the potential of 17 Henderson Street-a hidden gem for astute developers and land bankers seeking lucrative opportunities in the heart of Redbank. Boasting an expansive area of 1.47 hectares that is ripe for transformation, this property offers an exciting proposition for subdivision into 22 lots, as confirmed by PropertEASE.

Key Features:

Location: Situated in the thriving hub of Redbank, this property enjoys close proximity to essential amenities, schools, transport links, and recreational facilities-making it an ideal site for future development.

PropertEASE Verified: The viability of subdivision into 22 lots has been confirmed by PropertEASE, assuring investors of the potential and feasibility of this exciting opportunity. We would encourage all interested buyers to do their own due dilligence regarding development feasibility and consult a town planner if required.

Versatile Investment: Perfectly suited for developers and land bankers looking to capitalize on the booming real estate market in Redbank. With a strategic location and promising potential, this property is an astute investment for those with a vision for growth.

Ideal for:

Developers: Seize the opportunity to create a captivating residential development that meets the rising demand for housing in this vibrant community.

Land Bankers: Secure this property as a valuable addition to your portfolio, positioning yourself for future growth and profit.

The new owner of this lot can have the benefit of rental income from the house on site until demolition commences. Current market rental appraisal is $580-$620/week.

Don't miss out on this rare chance to shape the future of 17 Henderson Street, Redbank. Contact us today to explore this promising development opportunity and turn your vision into reality!

TO MAKE AN OFFER, copy this link into your browser.
https://form.jotform.com/240591051716856

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Property History for 17 Henderson St, Redbank, QLD 4301

A timeline of how this property has performed in the market
Last Sold
$1,880,000
14 Jun 2024
  • 27 May 2024
    Sold for $1,880,000
  • 03 Jan 2024
    Listed for Sale $1,900,000
  • 16 Dec 2022
    Listed for Sale $1,900,000
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About Redbank 4301

The size of Redbank is approximately 8.3 square kilometres. It has 9 parks covering nearly 3.1% of total area. The population of Redbank in 2011 was 1,605 people. By 2016 the population was 1,848 showing a population growth of 15.1% in the area during that time. The predominant age group in Redbank is 10-19 years. Households in Redbank are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Redbank work in a labourer occupation. In 2011, 52% of the homes in Redbank were owner-occupied compared with 49.6% in 2016.

Redbank has 1,354 properties. Over the last 5 years, Houses in Redbank have seen a 110.88% increase in median value, while Units have seen a 84.24% increase. As at 30 September 2024:

  • The median value for Houses in Redbank is $711,562 while the median value for Units is $493,817.
  • Houses have a median rent of $523 while Units have a median rent of $443.
There are currently 13 properties listed for sale, and 9 properties listed for rent in Redbank on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Redbank.

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