OFF MARKET

6 Magnet Close
Riverhills QLD 4074

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 134m2
Land area: 653m2
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Last updated 16 Sep 2024
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Property Details for 6 Magnet Cl, Riverhills

6 Magnet Cl, Riverhills is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 653m2 and floor size of 134m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
House
Year Built
1980
Floor Size
134m2
Land Size
653m2
Local Government
Brisbane
Lot/Plan
8153/RP135936

Last Listing description (April 2024)

This exciting opportunity awaits the seasoned investor to the first-timer, located in a private and quiet cul-de-sac.

This Property is Centrally located in Riverhills and apart of the ever popular Group of Suburbs that is Centenary, a true gateway in the Western Corridor of Brisbane and the time has come for you to secure a phenomenal opportunity in this HUB.

Our entry level home is currently tenanted for $550.00 per week, on a 12 month Fixed Term Lease which is looking to be renewed in September, the property sits on 653m2 of Land which has a generous 21.9m FRONTAGE that subject to council approval can be potentially sub-divided into 2 blocks. but the opportunities don't just finish there !

Potential opportunities :
- NDIS Scheme*
- Duplex/Triplex*
- Develop House and Land Package*
or even knock over existing home and re-build.

Property Details:
- Three bedrooms all equipped with A/C and Fans
- One bathroom
- Solar Hot Water
- Water tanks
- Air-conditioning
- Flood-free
- 653m2 block with a fully fenced backyard
- Separate laundry

Located within minutes Public Schools, Childcare Centres, Private School, Mount Ommaney Shops, Mcleod Golf Course and many other retail/entertainment precints a true HUB.

This Hot opportunity will not last for long and we foresee excellent capital growth in the coming years, which is why and purchase like this one should not be missed!

**All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own inquiries, we are not financial advisors and any sound advice should be given by a accredited professional**

STCA ( Subject to council approval )

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Property History for 6 Magnet Cl, Riverhills, QLD 4074

A timeline of how this property has performed in the market
Last Sold
$781,000
30 Jul 2023
Listed for Rent
$550/w
12 Sep 2022
  • 30 Jul 2023
    Sold for $781,000
  • 12 Jun 2023
    Listed for Sale Sold - $781,000
  • 23 Aug 2022
    Listed for Rent $550 / week
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About Riverhills 4074

The size of Riverhills is approximately 2.3 square kilometres. It has 4 parks covering nearly 31% of total area. The population of Riverhills in 2011 was 3,818 people. By 2016 the population was 4,046 showing a population growth of 6.0% in the area during that time. The predominant age group in Riverhills is 30-39 years. Households in Riverhills are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Riverhills work in a professional occupation. In 2011, 73.6% of the homes in Riverhills were owner-occupied compared with 71.7% in 2016.

Riverhills has 1,631 properties. Over the last 5 years, Houses in Riverhills have seen a 76.38% increase in median value, while Units have seen a 84.01% increase. As at 31 August 2024:

  • The median value for Houses in Riverhills is $883,872 while the median value for Units is $678,017.
  • Houses have a median rent of $628 while Units have a median rent of $415.
There are currently 7 properties listed for sale, and 1 property listed for rent in Riverhills on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in Riverhills.

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