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Sold on 07 Mar 2024 for $1,300,000

15 Nerida Street
Rochedale South QLD 4123

Bedrooms: 6
Bathrooms: 4
Car spaces: 4
Land area: 910m2
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Property Details for 15 Nerida St, Rochedale South

15 Nerida St, Rochedale South is a 6 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 910m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 6 bedroom BlockOfUnits sold in Rochedale South in the last 12 months.

Building Type
BlockOfUnits
Land Size
910m2
Local Government
Logan City
Lot/Plan
2/SP194531

Last Listing description (March 2024)

Secure this fantastic yield-based investment with both hands, with a fantastic stable return. With long term stable tenants in both townhouses there is nothing to do but collect the income. These duplex townhomes are only 14 years old, built in 2010 on a single title to keep outgoings low, they make a this an opportunity not to be missed.

Situated on a large 910m2 block with a 20m frontage the value of the land of this property is already a great purchase opportunity with sub-division potential (STCA).

Both townhouses have been built to a very high standard, there are no renovations or immediate improvements required. Both properties have recently had air conditioning installed so there is also potential for a stronger rental return in future.

Features include:
• 2 fully separate 3 bed, 2.5 bath, 2 car townhouses
• Modern well-appointed kitchens
• Downstairs master bedrooms with ensuite and walk-in
• Spacious open plan living
• Stunning timber to stairs and upper flooring
• Alfresco area and private backyards
• 910m2 block with 20m frontage
• $53,820 rental income per annum

Income:
• 15A - $530pw until 01/07/2024 (long term stable tenant of 3+ years)
• 15B - $505pw until 06/12/2024 (long term stable tenant of 7+ years)
• Total - $53,820pa

Outgoings:
• Logan Council Rates - $4,171pa
• Logan Council Water and Sewerage Access Charges - $2,089pa
• Water Usage Charges - $1,200pa approx (indivually metered, water usage can be charged to tenants)
• Total - $6,260

Situated in a family friendly pocket, located just 400m from Springwood State School and just 500m from Springwood Mall and Arndale Shopping Centre.

*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 enquiries.

https://www.reval.com.au/15-nerida-street-rochedale-south-qld-4123

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Property History for 15 Nerida St, Rochedale South, QLD 4123

A timeline of how this property has performed in the market
Last Sold
$1,300,000
07 Mar 2024
Listed for Rent
$460/w
07 Jan 2021
  • 07 Mar 2024
    Sold for $1,300,000
  • 22 Jan 2024
    Listed for Sale Online Offers Close 2pm Sun 04/02
  • 09 May 2022
    Listed for Rent - Price not available
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About Rochedale South 4123

The size of Rochedale South is approximately 6.2 square kilometres. It has 16 parks covering nearly 7.4% of total area. The population of Rochedale South in 2011 was 14,996 people. By 2016 the population was 15,287 showing a population growth of 1.9% in the area during that time. The predominant age group in Rochedale South is 30-39 years. Households in Rochedale South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rochedale South work in a professional occupation. In 2011, 74.6% of the homes in Rochedale South were owner-occupied compared with 73.6% in 2016.

Rochedale South has 6,073 properties. Over the last 5 years, Houses in Rochedale South have seen a 91.89% increase in median value, while Units have seen a 119.23% increase. As at 31 October 2024:

  • The median value for Houses in Rochedale South is $970,219 while the median value for Units is $610,039.
  • Houses have a median rent of $650 while Units have a median rent of $520.
There are currently 43 properties listed for sale, and 14 properties listed for rent in Rochedale south on OnTheHouse. According to CoreLogic's data, 250 properties were sold in the past 12 months in Rochedale south.

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