OFF MARKET

7/1848 Logan Road
Upper Mount Gravatt QLD 4122

Bedrooms: 3
Bathrooms: 3
Car spaces: 1
Floor area: 83m2
Land area: 130m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 14 Oct 2024
Low

High
Save

Property Details for 7/1848 Logan Rd, Upper Mount Gravatt

7/1848 Logan Rd, Upper Mount Gravatt is a 3 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 130m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
2006
Floor Size
83m2
Land Size
130m2
Local Government
Brisbane
Lot/Plan
7/SP181987

Last Listing description (January 2024)

Discover an exceptional investment opportunity with this modern apartment located in Upper Mount Gravatt. Boasting an impressive rental income of $33,280 per annum ($645 per week) and a 8% net return, this property is perfect for astute investors. Situated on the ground level, this unit offers private access via a massive entertaining balcony, providing a perfect blend of indoor and outdoor living.

The spacious modern layout features three bedrooms, each with its own ensuite, making it an ideal choice for tenants. Located in a high demand area, the property enjoys a low vacancy rate. Moreover, it's phenomenal location allows residents to walk to everything, including being just 1 km away from Westfield Mt Gravatt and within effortless proximity of both Griffith Uni campuses.

Now let's get down to business, please see the annual figures for this investment:

$33,280 rental income p.a
$4,100 body corporate per year p.a
$2,964 management fee p.a
$1820 council rates p.a
$1,300 for utilities p.a
$1,200 for Water p.a

A quick look at the highlights:

- Exceptional investment opportunity: rents for $33,280 per annum ($645 per week) with a 8% net return, body corporate $3,900 per annum, property management fees $2,964 per annum and rates $1,820 per annum
- Ground level unit with private access via a spacious entertaining balcony
- Modern layout featuring three bedrooms with ensuites
- High demand area with low vacancy rate
- Phenomenal location within easy reach of Westfield Mt Gravatt and both Griffith Uni campuses

The location of this apartment is incredibly convenient for students, couples and professionals. Commuters and day trippers have easy access to the Pacific Motorway, while the area itself is rich in amenities, with schools, childcare, buses, parks, and shops all within walking distance. Westfield Mt Gravatt, a designer shopping, fine dining, and entertainment mecca, is only 1 km away and both Griffith Uni campuses are easily accessible, making it an ideal choice for students.

- 120 m to Little Darlings Early Development Centre
- 150 m to the bus stop
- 200 m to Clairvaux MacKillop College
- 230 m to St Bernard\u8217?s Catholic School
- 280 m to Mount Gravatt Park
- 450 m to Upper Mount Gravatt State School
- 550 m to Upper Mount Gravatt Kindergarten
- 1.4 km to Macgregor State High School
- 2.1 km to Griffith University, Nathan Campus
- 4.9 km to Griffith University, Mount Gravatt Campus

This modern apartment is situated in the highly coveted Genesis One apartment building, prominently positioned on central Logan Road. Residents can enjoy access to a luxurious on-site pool, making it a wonderful hub for students.

What sets this ground level unit apart is its private access via a door leading to a secluded entertaining balcony, perfect for relaxing or hosting gatherings. The sliding doors from the balcony open up to reveal a spacious and contemporary interior.

Step inside to an open-plan, tiled living zone that offers a versatile space for relaxation and entertaining. An air conditioner and ceiling fan keep the area comfortable year-round.
Tucked away in the corner is the contemporary kitchen, complete with electric appliances and a dishwasher. A cleverly designed cupboard houses a laundry nook, ensuring convenience and functionality.

This apartment features three carpeted bedrooms, each equipped with a built-in robe, a ceiling fan, rear balcony access, and a modern ensuite. This setup caters seamlessly to students, but it's also ideal for couples or families seeking convenience.

The apartment also comes with an intercom system and security system, providing an added layer of comfort and safety.

Don't miss out on this fantastic opportunity to own a modern apartment with exceptional rental returns and a convenient location. Contact Rob Senic and Kosma Comino today to find out more and arrange a viewing.

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.

Desma Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 33 628 090 951 / 21 107 068 020

Property History for 7/1848 Logan Rd, Upper Mount Gravatt, QLD 4122

A timeline of how this property has performed in the market
Last Sold
$305,000
12 Sep 2023
  • 12 Sep 2023
    Sold for $305,000
  • 31 Jul 2023
    Listed for Sale Not Disclosed
  • 07 Feb 2007
    Sold for $395,000

Commute Calculator

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 5,435 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 76.56% increase in median value, while Units have seen a 58.07% increase. As at 30 September 2024:

  • The median value for Houses in Upper Mount Gravatt is $1,096,359 while the median value for Units is $628,844.
  • Houses have a median rent of $620 while Units have a median rent of $630.
There are currently 39 properties listed for sale, and 18 properties listed for rent in Upper mount gravatt on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Upper mount gravatt.

Suburb Insights for Upper Mount Gravatt 4122

Market Insights
Upper Mount Gravatt Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Upper Mount Gravatt Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.