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Sold on 05 Nov 2024 - Price Unavailable

15 Jarvis Road
Waterford QLD 4133

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Bathrooms: -
Car spaces: -
Land area: 3003m2
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Property Details for 15 Jarvis Rd, Waterford

Building Type
Land
Land Size
3003m2

Last Listing description (November 2024)

About the Project:
The project holds Development Approval (DA) for eight residential blocks of land, each ranging from 365 sqm to 385 sqm, featuring 15.6-meter frontages. Spanning a total area of 3,003 sqm, this prime development site is situated in the heart of Waterford. Operational works have been approved, and a significant portion of the civil works has already been completed. We are currently seeking a qualified developer to finalize the project, enabling them to capitalize on the substantial rewards this opportunity presents.

Demand for Product:

The demand for blocks of land in Waterford is soaring - Logan City is recognised as the fastest-growing Local Government Area in Queensland. With the population projected to reach an impressive 553,000 by 2041, the region faces significant challenges in supplying enough land to accommodate the increasing housing needs. Recent off the plan contracts on these blocks demonstrate this unprecedented demand; they were listed for sale pending planning approval and went under contract above market value within 24 hours, without any conditions. This remarkable response highlights the urgency and competitive nature of the market

About the Location:
Waterford, a thriving suburb of Logan City, presents an exceptional opportunity for residential development. Strategically located between Brisbane and the Gold Coast, it is an attractive destination for families and investors alike, thanks to its vibrant community and quality housing options.
The suburb has seen significant growth, fueled by the expansion of anchor estates and commercial hubs, including Holmview Central and Bethania Shopping Centre. Residents benefit from convenient access to key amenities, with Logan Hospital, Logan TAFE, Holmview Train Station, Beenleigh CBD, and motorway access all within 5-10 minutes.

Waterford offers a unique opportunity for buyers seeking to build their forever home in a central location surrounded by quality residences, a strong community presence, and excellent supporting infrastructure. Additionally, investors are drawn to the historical capital growth in the area, alongside attractive rental yields and accessibility to essential amenities. With lifestyle features such as lush parklands and sporting fields, coupled with the prestigious Canterbury College located directly across from the proposed subdivision, Waterford is poised for continued growth and offers an ideal setting for residential development.

*This property is being sold by Expressions of Interest to be submitted by close of business 24th October 2024, therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes

Disclaimer: The information provided herein has been prepared to the best of our ability and is intended for general guidance only. While we strive for accuracy, we make no representations or warranties regarding the completeness or reliability of the information. Recipients are strongly encouraged to conduct their own due diligence and seek independent advice before making any decisions based on this information.

Property History for 15 Jarvis Rd, Waterford, QLD 4133

A timeline of how this property has performed in the market
Last Sold
05 Nov 2024
  • 05 Nov 2024
    Sold for $2,277,000
  • 03 Oct 2024
    Listed for Sale Expressions of Interest closing 24th October
  • 24 May 2024
    Listed for Sale Offers over $340,000
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About Waterford 4133

The size of Waterford is approximately 6.8 square kilometres. It has 12 parks covering nearly 4.2% of total area. The population of Waterford in 2011 was 3,930 people. By 2016 the population was 5,488 showing a population growth of 39.6% in the area during that time. The predominant age group in Waterford is 0-9 years. Households in Waterford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waterford work in a trades occupation. In 2011, 60.1% of the homes in Waterford were owner-occupied compared with 50.5% in 2016.

Waterford has 2,333 properties. Over the last 5 years, Houses in Waterford have seen a 95.09% increase in median value, while Units have seen a 117.32% increase. As at 30 November 2024:

  • The median value for Houses in Waterford is $755,893 while the median value for Units is $541,785.
  • Houses have a median rent of $600 while Units have a median rent of $450.
There are currently 30 properties listed for sale, and 6 properties listed for rent in Waterford on OnTheHouse. According to CoreLogic's data, 145 properties were sold in the past 12 months in Waterford.

Suburb Insights for Waterford 4133

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Kate Handley
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Lisa Knowles
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Ray White Waterford
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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.