OFF MARKET

280 Government Road
Richlands QLD 4077

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 99m2
Land area: 12556m2
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Property Details for 280 Government Rd, Richlands

280 Government Rd, Richlands is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 2017. The property has a land size of 12556m2 and floor size of 99m2.

Building Type
House
Year Built
2017
Floor Size
99m2
Land Size
12556m2
Local Government
Brisbane
Lot/Plan
1/SP299696

Last Listing description (March 2024)

Nestled in a quiet part of Richlands with good access to shops, restaurants, and 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
- Body Corporate: $872/qtr
- Council Rates: $481/qtr
- Water Bill: $426/qtr (when tenanted, usage is reimbursed)
- Currently tenanted for $460/wk until June 2024

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 includes termite inspection, pest control, AC check/clean, gutter clean, smoke alarm testing
- Managed by a 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.

Property History for 280 Government Rd, Richlands, QLD 4077

A timeline of how this property has performed in the market
Listed for Rent
$465/w
23 Jul 2022
  • 18 Feb 2024
    Listed for Sale $485,000
  • 18 Jul 2022
    Listed for Rent $465 / week
  • 11 May 2022
    Listed for Rent $420 / week
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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 2,813 properties. Over the last 5 years, Houses in Richlands have seen a 85.58% increase in median value, while Units have seen a 92.28% increase. As at 31 October 2024:

  • The median value for Houses in Richlands is $758,964 while the median value for Units is $589,131.
  • Houses have a median rent of $618 while Units have a median rent of $580.
There are currently 22 properties listed for sale, and 14 properties listed for rent in Richlands on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Richlands.

Suburb Insights for Richlands 4077

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.