288 Archerfield Rd, Richlands is a 2 bedroom, 1 bathroom House with 1 parking spaces.
This recently renovated two-bedroom family home boasts a fresh kitchen, bathroom and lovely living and entertaining spaces. To the rear of the property is an un-renovated large, freestanding, fully self-contained granny flat of similar construction to the main house. This is an ideal property for growing families and investors alike, with plenty of exciting opportunities to capitalise on your investment.
This is a solid home with cavity brick internal walls and iron roof. Situated on a 607sqm LMR zoned block, this property also represents an exciting investment in the addition of three two-bedroom apartments above the existing home. Investors please be aware that appropriate Brisbane City Council checks and approvals would need to be made to ensure the current structure is suitable for this development. Richlands is a rapidly developing industrial area, which will require additional housing development in the future to meet with rising demand.
Features include:
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 2,895 properties. Over the last 5 years, Houses in Richlands have seen a 82.96% increase in median value, while Units have seen a 83.12% increase. As at 30 September 2024:
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