3095 Logan RoadUnderwood QLD 4119
Property Details for 3095 Logan Rd, Underwood
3095 Logan Rd, Underwood is a 5 bedroom, 3 bathroom House with 4 parking spaces and was built in 1996. The property has a land size of 5717m2 and floor size of 631m2. While the property is not currently for sale or for rent, it was last sold in October 1995.
Last Listing description (October 2024)
Introducing an exceptional development opportunity at 30953097 Logan Road, Underwood. This expansive 5717 m block, positioned in a high-growth corridor, offers incredible potential for residential development. A recent planning analysis and preliminary subdivision plan have identified the possibility of creating a 10-lot residential subdivision, or maybe higher density options, subject to council approval. These proposed lots, range in size, with a potential dual occupancy lot on the corner, providing flexibility for future growth and investment. Rent out the existing house to cover some of the holding costs.
Located within the Low-Density Residential Zone (Small Lot Precinct) under the Logan City Council's planning scheme, this site is ideally positioned close to essential amenities. Nearby, you'll find Underwood Marketplace Shopping Centre, Springwood Shopping Mall, and quality local schools such as Springwood State High School and Kuraby State School. The area is well-serviced by public transport, providing easy access to job hubs in Brisbane and the surrounding suburbs and only 2.4 km to the M1.
With stormwater, sewer, and water connections available from Cedar Lane and Torville Road, this site is ready for development, making it perfect for builders or investors looking to capitalise on the growing demand for residential housing in the area. The strategic location, with frontage to Logan Road and Cedar Lane, ensures high visibility and excellent access.
Don't miss out on this rare opportunity to create a boutique residential development in one of Brisbane's fastest-growing regions. A preliminary subdivision plan has already been prepared, and the site is ready for a Reconfiguration of a Lot (ROL) application.
Enquire today to explore this lucrative development opportunity in Underwoods booming property market!
Property History for 3095 Logan Rd, Underwood, QLD 4119
- 19 Sep 2024Listed for Sale Expressions of Interest by COB October 18
- 07 Jan 2021Listed for Sale For Sale!
- 26 Oct 1995Sold
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About Underwood 4119
The size of Underwood is approximately 4.2 square kilometres. It has 11 parks covering nearly 9.8% of total area. The population of Underwood in 2011 was 5,327 people. By 2016 the population was 6,343 showing a population growth of 19.1% in the area during that time. The predominant age group in Underwood is 30-39 years. Households in Underwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Underwood work in a professional occupation. In 2011, 70.2% of the homes in Underwood were owner-occupied compared with 67.6% in 2016.
Underwood has 3,323 properties. Over the last 5 years, Houses in Underwood have seen a 92.04% increase in median value, while Units have seen a 96.31% increase. As at 30 September 2024:
- The median value for Houses in Underwood is $1,083,160 while the median value for Units is $618,946.
- Houses have a median rent of $680 while Units have a median rent of $560.
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