SOLD
Sold on 18 Jan 2024 for $400,000

5/15 Magellan Road
Springwood QLD 4127

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 89m2
Land area: 138m2
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Property Details for 5/15 Magellan Rd, Springwood

5/15 Magellan Rd, Springwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 138m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Springwood in the last 12 months.

Building Type
Unit
Year Built
1992
Floor Size
89m2
Land Size
138m2
Local Government
Logan City
Lot/Plan
5/GTP3034

Property History for 5/15 Magellan Rd, Springwood, QLD 4127

A timeline of how this property has performed in the market
Last Sold
$400,000
18 Jan 2024
  • 18 Jan 2024
    Sold for $400,000
  • 12 Dec 2002
    Sold for $98,000
  • 25 May 1992
    Sold for $113,000

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About Springwood 4127

The size of Springwood is approximately 6.1 square kilometres. It has 20 parks covering nearly 11.1% of total area. The population of Springwood in 2011 was 8,990 people. By 2016 the population was 9,140 showing a population growth of 1.7% in the area during that time. The predominant age group in Springwood is 30-39 years. Households in Springwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springwood work in a professional occupation. In 2011, 69.6% of the homes in Springwood were owner-occupied compared with 68.2% in 2016.

Springwood has 4,211 properties. Over the last 5 years, Houses in Springwood have seen a 101.93% increase in median value, while Units have seen a 124.26% increase. As at 30 September 2024:

  • The median value for Houses in Springwood is $957,257 while the median value for Units is $537,981.
  • Houses have a median rent of $620 while Units have a median rent of $480.
There are currently 35 properties listed for sale, and 41 properties listed for rent in Springwood on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Springwood.

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