SOLD
Sold on 21 Aug 2024 for $1,366,000

38-40 Rice Road
Redbank Plains QLD 4301

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 110m2
Land area: 8152m2
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Property Details for 38-40 Rice Rd, Redbank Plains

38-40 Rice Rd, Redbank Plains is a 0 bedroom, 0 bathroom House and was built in 1950. The property has a land size of 8152m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 0 bedroom House sold in Redbank Plains in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
110m2
Land Size
8152m2
Local Government
Ipswich
Lot/Plan
26/RP22487

Last Listing description (October 2024)

38 Rice Road presents the perfect opportunity for those savvy investors looking to capitalise in the incredible capital growth of Redbank Plains. With the lack of allotments offering this sort of subdivision potential (STCA), opportunities like these are few and far between.

Sprawled across an expansive 4,075m2 allotment, offering not only space and size that many families are looking for, but also offers endless potential for development or to build you family dream home.

With the Western Corridors best restaurants, cafes, schools and entertainment precincts right at your doorstep, this versatile offering poses a number of options to build or develop for short- or long-term growth, including but not limited to

- 4,075m2. Clear Block.
- Registered and Ready to Build On. Dual Street Access.
- Total Area: 4,075m2 - Frontage: 22.1m - Depth: 180.1m
- Short Stroll from Local Parks and Amenities.

Short Walk to:
- St. Ann's Catholic School - Smart Start Early Learning Centre - School Road, Shanahan Parade Bus Stops - Lucky Hallett Park - Samantha Street Reserve - Gum Leaf Park, and Other Local Parks - Bus Stop on Shanahan Parade - Tiger bite Bistro and other local Eateries

Short Drive to:
- Woolworths Redbank Plains Mount view - Six Mile Creek Nature Reserve, Playgrounds and Parklands - Fernbrooke Ridge Sports Ground - Redbank Plains Primary - Redbank Plains State High School - A Multitude of Early Learning Centres and Childcare - Dog Park - Library - Upgraded Skatepark - Redbank Plains Town Centre - Redbank Plains Train Station - and access to some of Greater Springfield's best schools

- 35 Minutes' Drive to Brisbane CBD - 20 Minutes' Drive to Ipswich CBD

With the Olympic games in sight and a pandemic-driven lust for quality family homes, everyone wants to buy a home in Queensland's Southeast right now. This is the place to be, offering space, privacy, modern conveniences, and comforts with strong potential for capital growth.

Expression of Interest, Closing Thursday the 31st of October 2024 at 5:00PM, if not SOLD prior.

For any further questions or queries, or to arrange for a private inspection, please call Moses Nguyen on 0433 397 801 or Reza Askari on 0460 923 536.

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Property History for 38-40 Rice Rd, Redbank Plains, QLD 4301

A timeline of how this property has performed in the market
Last Sold
$1,366,000
21 Aug 2024
  • 04 Oct 2024
    Listed for Sale Expression of Interest
  • 21 Aug 2024
    Sold for $1,366,000

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About Redbank Plains 4301

The size of Redbank Plains is approximately 18 square kilometres. It has 31 parks covering nearly 9% of total area. The population of Redbank Plains in 2011 was 14,976 people. By 2016 the population was 19,285 showing a population growth of 28.8% in the area during that time. The predominant age group in Redbank Plains is 0-9 years. Households in Redbank Plains are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Redbank Plains work in a labourer occupation. In 2011, 47.5% of the homes in Redbank Plains were owner-occupied compared with 42.2% in 2016.

Redbank Plains has 10,221 properties. Over the last 5 years, Houses in Redbank Plains have seen a 105.26% increase in median value, while Units have seen a 99.40% increase. As at 31 October 2024:

  • The median value for Houses in Redbank Plains is $673,764 while the median value for Units is $512,887.
  • Houses have a median rent of $540 while Units have a median rent of $480.
There are currently 80 properties listed for sale, and 42 properties listed for rent in Redbank plains on OnTheHouse. According to CoreLogic's data, 851 properties were sold in the past 12 months in Redbank plains.

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