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Sold on 15 Jul 2024 - Price Unavailable

280 Government Road
Richlands QLD 4077

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 106m2
Land area: 159m2
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Property Details for 11/280 Government Rd, Richlands

11/280 Government Rd, Richlands is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The property has a land size of 159m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom Townhouse sold in Richlands in the last 12 months.

Building Type
Townhouse
Floor Size
106m2
Land Size
159m2

Last Listing description (July 2024)

Low Maintenance Living/Investment in Thriving Richlands

Nestled in a quiet part of Richlands with great access to shops, restaurants, major arterial roads and public transport, this well cared for 3-bedroom townhouse is not one to be missed, whether you're a budding/seasoned investor or young family!

Located within a well-maintained complex, this townhouse is designed with comfort and practicality in mind. It features an open-plan lounge and dining area that flows out to a private undercover entertainment area and a low-maintenance yard, perfect to unwind and enjoy with family and friends. The modern kitchen features a stainless steel dishwasher, electric cooktop and rangehood with stone benchtops and ample cupboard space. Heading upstairs, you are welcomed with three generously-sized bedrooms, all with built-in wardrobes and ceiling fans, offering an abundance of natural light and airflow, serviced by a common bathroom and an ensuite for the master bedroom. The unit has a single lock-up garage, combined with a long-enough driveway to offer exclusive parking for two cars.

Other features/details of this townhouse:
- 2 Split air conditioners (lounge/dining area and master bedroom)
- 2 Built-in desks
- Indoor laundry with toilet
- Fully-fenced yard
- Remote control lock-up garage with internal access
- NBN-ready for super fast internet
- Within a well maintained complex with onsite manager
- Council Rates: $481/qtr
- Body Corporate: $872/qtr
- Water Bill: $420/qtr (reimbursed when tenanted)
- Currently tenanted for $480/wk (increase to $540/wk when renewed)

Surrounding area:
- Richlands railway station - 700m
- Shops and restaurants - nearest hub is 500m
- Child care centres - 5 centres within 2km radius
- Schools - 5 within 2km radius
- Centenary highway - 1.5km
- Ipswich Motorway - 3km
- Brisbane CBD - 20km

To the investors - why this townhouse and why now?
- Low maintenance design ensures minimal upkeep
- Strong rental demand and a desirable location among renters
- Great rental return with a significant growth outlook (annual compound growth rate nearing 10%*)
- Water consumption paid by tenants as the premise is metered and water-efficient certified
- Excellent tenants who take great care of the unit and have never missed a rent payment
- Annual maintenance managed by onsite manager includes termite inspection, pest control, AC check/clean, gutter clean, smoke alarm testing
- Managed by a friendly and proactive onsite manager

* Analytics by Realestate.com.au

Don't miss this incredible opportunity to invest in one of Brisbane's fastest growing areas or call this townhouse your home! See you at the Open Home - time listed under the Open Home section of this page. For more information, please contact Simon.

Disclaimer:
We have in preparing this advertisement to our best abilities to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained.

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Property History for 11/280 Government Rd, Richlands, QLD 4077

A timeline of how this property has performed in the market
Last Sold
15 Jul 2024
  • 08 Jul 2024
    Sold for $610,000
  • 27 Jun 2024
    Listed for Sale $525,000
  • 12 Mar 2018
    Sold for $370,000

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About Richlands 4077

The size of Richlands is approximately 5 square kilometres. It has 5 parks covering nearly 8% of total area. The population of Richlands in 2011 was 2,077 people. By 2016 the population was 3,606 showing a population growth of 73.6% in the area during that time. The predominant age group in Richlands is 20-29 years. Households in Richlands are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richlands work in a professional occupation. In 2011, 43.2% of the homes in Richlands were owner-occupied compared with 31.7% in 2016.

Richlands has 2,906 properties. Over the last 5 years, Houses in Richlands have seen a 80.12% increase in median value, while Units have seen a 106.99% increase. As at 30 November 2024:

  • The median value for Houses in Richlands is $742,222 while the median value for Units is $612,135.
  • Houses have a median rent of $620 while Units have a median rent of $580.
There are currently 23 properties listed for sale, and 19 properties listed for rent in Richlands on OnTheHouse. According to CoreLogic's data, 179 properties were sold in the past 12 months in Richlands.

Richlands Profile Page

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Simon Chen
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