OFF MARKET

20-22 Chambers Flat Road
Waterford West QLD 4133

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Land area: 4418m2
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Property Details for 20-22 Chambers Flat Rd, Waterford West

20-22 Chambers Flat Rd, Waterford West is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 4418m2. While the property is not currently for sale or for rent, it was last sold in February 1994.

Building Type
House
Land Size
4418m2
Local Government
Logan City
Lot/Plan
GTP103171

Last Listing description (July 2024)

Why Waterford West? Why is this a good location to invest?
Market indicators show pricing continuing to grow rapidly in Logan (see below - email with recent sale of standard 4,2,2 in Marsden $840k).
$50k more will get you the Dual in Waterford West returning circa twice the rent (see attached brochure), latest appraisal for Co-living showing up to $1,400/wk Potential rent return (requires attached furniture packages for Co-living rent option $30k).

FULL ESTABLISHED SUBURB WHICH IS FAST EXPANDING WITH STRONG GROWTH - bordering another high growth suburb of Marsden
Consistent long term growth, above average rental returns and low vacancy rates makes Marsden attractive to investors. Note the high rental return in estimate letter $670 to $710 total per week. Several schools, an abundance of shopping options along with numerous employment hubs makes this suburb in Logan and Marsden next door a "in demand" area for housing.
Location:
Aldi Supermarket 550m
Macdonalds/KFC and Hungry Jacks - from 600 m to 950 m
Marsden Park Shopping Centre 1.2km
Marsden Library 900m
Marsden State High School 1.2km
Marsden State Primary School 1.7km
Loganlea Train Station 3km
Logan Hospital and TAFE 3.6km
Logan Griffith Uni Canpus 5.3km
Refer to the location map provided

The Opportunity:
QUALITY DUAL PROPERTY:
Land: LOT 20 CHAMBERS FLAT RD - WATERFORD WEST
Land Size: 450m2 Land Price: $416,000
Dual: Total of 5 beds, 3 baths and 2 cars
Total size: 216.54m2 Build Cost: $483,426
Dwelling 1: 3.2.1
Dwelling 2: 2.1.1

RENTAL ESTIMATE:
DUAL OCCUPANCY WITH SECONDARY UNIT: $ 1000 TO $1060 COMBINED PER WEEK
LEASED AS CO-LIVING - $1250 to $1400 combined per week
If leasing as co-living furniture package is also required - see information attached for both units

Inclusions: summary only
Brick veneer construction
6 star energy rating
Turf and landscaping
Fully fenced
Split A/C to both units with remote controls
Stainless steel appliances
Clothesline, TV antenna, letterbox
Carpet and tiles throughout
Vertical blinds to all windows
Flyscreens and window locks
Security screens to external doors
Fan light to bedrooms
Garage remote controlled
Infrastructure charges included in land price
12 month maintenance period
Full Inclusions list will be provided to interested buyers

TO PURCHASE: EOI WITH $2000 TO RESERVE,
TWO CONTRACTS - Land and Build (pay SD only on the land price)
21 days finance approval,
35 days settlement on land.
On Unconditional approval pay 5% deposit on Building Contract with Builder. Progressive construction drawdowns.

For sale: $899,436

Kaye Tilley 0418 823 046

Property History for 20-22 Chambers Flat Rd, Waterford West, QLD 4133

A timeline of how this property has performed in the market
Last Sold
$185,000
16 Feb 1994
Listed for Rent
$300/w
29 Jun 2016
  • 14 Jul 2024
    Listed for Sale $899,436
  • 13 Mar 2024
    Listed for Rent - Price not available
  • 13 Apr 2023
    Listed for Rent - Price not available
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About Waterford West 4133

The size of Waterford West is approximately 5.3 square kilometres. It has 13 parks covering nearly 10.8% of total area. The population of Waterford West in 2011 was 6,159 people. By 2016 the population was 6,424 showing a population growth of 4.3% in the area during that time. The predominant age group in Waterford West is 0-9 years. Households in Waterford West are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Waterford West work in a labourer occupation. In 2011, 60.5% of the homes in Waterford West were owner-occupied compared with 55.4% in 2016.

Waterford West has 2,929 properties.

    There are currently 35 properties listed for sale, and 11 properties listed for rent in Waterford west on OnTheHouse. According to CoreLogic's data, 139 properties were sold in the past 12 months in Waterford west.

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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.