OFF MARKET

18 Outridge Street
Redland Bay QLD 4165

Bedrooms: 3
Bathrooms: 1
Car spaces: 8
Land area: 799m2
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Last updated 2 Sep 2024
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Property Details for 18 Outridge St, Redland Bay

18 Outridge St, Redland Bay is a 3 bedroom, 1 bathroom House with 8 parking spaces. The property has a land size of 799m2. While the property is not currently for sale or for rent, it was last sold in February 2022.

Building Type
House
Land Size
799m2
Local Government
Redland
Lot/Plan
16/RP80201

Last Listing description (May 2022)

Presented by The Mr Sell Team

This Redland Bay development site consists of 3 lots, totalling 2422m2. With 2 street frontage and full DA approval for a 7 level apartment complex with all apartments having a water view. The approved complex will consist of 2 levels of secure on-site parking, then 5 levels of luxury apartments all with water views overlooking the bay and islands. In total there will be 35 x 2 bedroom apartments and 10 x 3 bedroom apartments.

The current site is returning a combined rental income of approx $86,000 per annum and is made up of 3 homes on separate titles and 28 car parking spaces. Waterfront sites like this are very difficult to find and with its close proximity to shops, schools, marina and many other local amenities, this is a great opportunity for a developer to move in an create an iconic Redland bay waterfront address..

- All approvals in place so project is ready to go
- Situated in the Weinham creek PDA
- Approved for a 7 level development on this site
- Close to shops schools and all local ammenities.
- Current Rental Income
- Waterfront Sites

PROJECT WILL PROVIDE A GREAT RETURN FOR DEVELOPER

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Property History for 18 Outridge St, Redland Bay, QLD 4165

A timeline of how this property has performed in the market
Last Sold
$1,066,666
18 Feb 2022
Listed for Rent
$350/w
02 Mar 2019
  • 09 Apr 2022
    Listed for Sale PROPERTY PREVIEW
  • 18 Feb 2022
    Sold for $1,066,666
  • 21 Apr 2020
    Listed for Sale P.O.A.
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About Redland Bay 4165

The size of Redland Bay is approximately 47.6 square kilometres. It has 40 parks covering nearly 13.5% of total area. The population of Redland Bay in 2011 was 13,625 people. By 2016 the population was 14,971 showing a population growth of 9.9% in the area during that time. The predominant age group in Redland Bay is 40-49 years. Households in Redland Bay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Redland Bay work in a trades occupation. In 2011, 72.6% of the homes in Redland Bay were owner-occupied compared with 73.2% in 2016.

Redland Bay has 7,906 properties. Over the last 5 years, Houses in Redland Bay have seen a 73.59% increase in median value, while Units have seen a 34.46% increase. As at 31 July 2024:

  • The median value for Houses in Redland Bay is $950,450 while the median value for Units is $693,903.
  • Houses have a median rent of $680 while Units have a median rent of $505.
There are currently 102 properties listed for sale, and 18 properties listed for rent in Redland bay on OnTheHouse. According to CoreLogic's data, 575 properties were sold in the past 12 months in Redland bay.

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