201 Wilruna StreetWacol QLD 4076
Property Details for 201 Wilruna St, Wacol
Last Listing description (November 2024)
Why WACOL? Enormous growth, above average rental returns and low vacancy rates makes this area attractive to investors. It offers abundant variety of schools, the TAFE and even Queensland Uni within an easy drive, - an abundance of shopping options along with numerous employment hubs makes this suburb an "in demand" area for housing. This area is part of the Western Growth Corridor. There is billions of dollars being invested here in major developments, rail and road networks, recreational and education facilities and much more. New businesses are springing up everywhere and new large industrial and commercial developments are appearing every month! Cranes are numerous in the skyline. Ask us for our reports and understand what projects are happening and the amount of the expenditure here.
The Opportunity: this property gives twice the opportunity. Not one rent but two! From the street front it appears to be a single family home, but it is when you look inside that you realize that there are two separate dwellings included in this property. That is right - two dwellings - two incomes! This property is strong positively geared right from the first month for most investors.
The features of a dual living property are:
Low outgoings - no body corporate fees, low council rates and water rates
Achievable rents are higher than the typical 4 bedroom house
Located in high growth area, with high rental demand
Located in prime quality residential estates
Located in high population areas close to fast expanding hubs
Larger lots
Lower your risk - if one dwelling is vacant, the additional one is still producing income
Close to schools, shops and all other services and recreational facilities
This property is:
Land: 599m2 Price: $505,000 Land is to be registered Jan 25
Home: 206.83m2 Build: $522,789
Two dwellings - 5 beds in total = 3 beds, 2 baths, 1 car PLUS 2 bed,s 1 bath, 1 car
RENTAL ESTIMATE: $960 to $1010 per week
Inclusions:
Please ask for details
THIS PROPERTY IS NOT YET CONSTRUCTED - TWO CONTRACT PURCHASE
EOI PLUS INITIAL DEPOSIT OF $1000
FINANCE 21 DAYS
LAND SETTLEMENT 14 DAYS FROM DATE OR REGISTRATION OF TITLE TO THE LAND
THIS PROPERTY IS SUBJECT TO BEING STILL AVAILABLE AT THE TIME OF YOUR ENQUIRY.
FOR SALE: $1.027,789
Kaye Tilley 0418 823 046
Property History for 201 Wilruna St, Wacol, QLD 4076
- 25 Sep 2024Listed for Sale $1,027,789
- 11 Aug 2022Sold for $2,200,000
- 09 Apr 2021Sold for $839,000
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About Wacol 4076
The size of Wacol is approximately 18.2 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Wacol in 2011 was 2,957 people. By 2016 the population was 3,774 showing a population growth of 27.6% in the area during that time. The predominant age group in Wacol is 20-29 years. Households in Wacol are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wacol work in a trades occupation. In 2011, 61.3% of the homes in Wacol were owner-occupied compared with 45.4% in 2016.
Wacol has 706 properties. Over the last 5 years, Houses in Wacol have seen a 143.88% increase in median value, while Units have seen a 46.67% increase. As at 31 October 2024:
- The median value for Houses in Wacol is $700,198 while the median value for Units is $467,446.
- Houses have a median rent of $500 while Units have a median rent of $450.
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