14/1848 Logan RoadUpper Mount Gravatt QLD 4122
Property Details for 14/1848 Logan Rd, Upper Mount Gravatt
14/1848 Logan Rd, Upper Mount Gravatt is a 3 bedroom, 3 bathroom Unit and was built in 2006. The property has a land size of 129m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom Unit sold in Upper Mount Gravatt in the last 12 months.
Last Listing description (April 2024)
Designed to provide share accommodation for students, the well-appointed property represents a high performing investment prospect with excellent growth potential and a solid rental return.
The apartment features bright interiors, smart modern finishes throughout. There are three oversized bedrooms plus an open living and dining space with a well-equipped kitchen and dishwasher. There is also separate access to the balconies in each bedroom which is a rare configuration for this complex.
The fully managed complex offers sophisticated accommodation with first rate facilities including a swimming pool, gym and recreation breakout space. There is also excellent security with on-site management and intercom access, fast WiFi throughout and a great sense of community within the building.
Achieving high performance returns, this quality property presents a great buying opportunity in a premium.
Highlights include:
- City express bus stops on Logan Road
- Minutes' walk to Westfield Garden City or Coles Village
- Gymnasiums, library, retail, cinema and cafes nearby
- Local parks for recreation
- 13km to Brisbane CBD or 20 minutes by car
- 2km to Pacific Motorway and close to the Gateway
Features include:
- 3 separate student tenancies
- Pool onsite and games room
- 2.1km to Griffith Uni Nathan Campus
- Gross rental income Approx: $37000 per annum
- 3 beds, each with ensuite
Income:
- 14A - $235pw
- 14B - $230pw - Increase from the 21st Feb 2024 to $245p/w
- 14C - $235pw
Outgoings:
- Body Corp - $5,650pa
- Council Rates - $1,800pa
- Urban Utilities (Water) - $1,400pa
- Services (Internet & Electricity) - $3,795pa ( based on 50 weeks occupied)
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.
Property History for 14/1848 Logan Rd, Upper Mount Gravatt, QLD 4122
- 30 Jan 2024Sold for $342,565
- 18 Jan 2024Listed for Sale Contact Agent
- 21 Jan 2020Listed for Sale $380K+
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About Upper Mount Gravatt 4122
The size of Upper Mount Gravatt is approximately 4.3 square kilometres. It has 11 parks covering nearly 5.9% of total area. The population of Upper Mount Gravatt in 2011 was 8,852 people. By 2016 the population was 9,227 showing a population growth of 4.2% in the area during that time. The predominant age group in Upper Mount Gravatt is 20-29 years. Households in Upper Mount Gravatt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Mount Gravatt work in a professional occupation. In 2011, 59.9% of the homes in Upper Mount Gravatt were owner-occupied compared with 56.2% in 2016.
Upper Mount Gravatt has 5,447 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 70.52% increase in median value, while Units have seen a 51.15% increase. As at 31 October 2024:
- The median value for Houses in Upper Mount Gravatt is $1,068,745 while the median value for Units is $617,876.
- Houses have a median rent of $628 while Units have a median rent of $630.
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