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Sold on 05 Dec 2023 - Price Unavailable

210 Learoyd Road
Willawong QLD 4110

Bedrooms: 8
Bathrooms: 2
Car spaces: 1
Land area: 1.01ha
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Property Details for 210 Learoyd Rd, Willawong

210 Learoyd Rd, Willawong is a 8 bedroom, 2 bathroom AcreageSemi-rural with 1 parking spaces. The property has a land size of 1.01ha. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 8 bedroom AcreageSemi-rural sold in Willawong in the last 12 months.

Building Type
AcreageSemi-rural
Land Size
1.01ha
Local Government
Brisbane
Lot/Plan
5/RP69231

Last Listing description (December 2023)

Have you been searching for a large parcel of land in a prime area with excellent potential and yield? Now is your opportunity!

Boasting 114m of frontage on Learoyd Rd, this gently sloping block offers the significant advantage of being adjacent to a new estate (Paradise Lakes Estate by UNILAND) comprising 37 blocks at the rear (with more on the way). This provides quiet street access via Waters Avenue, making this site an opportunity not to be missed. This new estate has set record prices, which sets a precedent for this new development and potentially even higher $/sqm rates.

A renowned local town planning company has been engaged, and much of the preliminary groundwork has been carried out, saving you both time and money. Whether you're aiming to buy and hold for future development or wish to begin developing immediately, this block promises a secure return on investment.

The town planner has assembled a realistic proposal, estimating a conservative total of 25 lots (subject to Council Approval). These lots range from 399sqm to 430.5sqm, adhering to current guidelines and regulations. However, a more ambitious plan might be feasible. We possess all relevant overlay maps, including those highlighting fire zones, koala habitats, areas of ecological significance, bio basins, parklands, and other easements and standard setbacks.

Remember, this initial assessment serves primarily as a guideline; the eventual buyer may envision and achieve varying lot sizes or configurations. Should the parklands' dimensions be decreased, the lot count could potentially rise to 30-35.

Beyond its development potential, this property presents alternative opportunities such as an equestrian centre, horse agistment, hobby farm, small/home business, religious centre, or even commercial ventures - all subject to Council Approval.

The owners are eager to sell and are willing to rent back the house and land for a minimum of 12 months, affording you time for further due diligence.

For prospective buyers looking to land bank and utilise the property in the interim, the possibilities are ample. The site also hosts 2 very liveable and rentable dwellings: a 3 bed, 1 bath low-set wood home, and a 5 bed, 1 bath, 1 car low-set wood home. These could offer a holding yield of approximately $52,000/year.

For a comprehensive information memorandum supplied by the town planner, please don't hesitate to call, text, or email me.

Large plots like this are increasingly rare, especially those offering secluded off-street access. On Learoyd Rd, this site is a unique find.

Take a wise step and secure this lucrative block today. We're eager to collaborate with you throughout the development process and assist in selling all the blocks once completed.

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.

K & Q Investments Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 56 794 753 139/ 21 107 068 020

Property History for 210 Learoyd Rd, Willawong, QLD 4110

A timeline of how this property has performed in the market
Last Sold
05 Dec 2023
Listed for Rent
$550/w
09 Jul 2024
  • 08 Jul 2024
    Listed for Rent $550 / week
  • 10 Jun 2024
    Listed for Rent $550 / week
  • 05 Dec 2023
    Sold for $2,800,000
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About Willawong 4110

The size of Willawong is approximately 8.4 square kilometres. It has 10 parks covering nearly 5% of total area. The population of Willawong in 2011 was 193 people. By 2016 the population was 186 showing a population decline of 3.6% in the area during that time. The predominant age group in Willawong is 50-59 years. Households in Willawong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Willawong work in a professional occupation. In 2011, 70.4% of the homes in Willawong were owner-occupied compared with 63.2% in 2016.

Willawong has 389 properties. Over the last 5 years, Houses in Willawong have seen a 104.71% increase in median value. As at 31 August 2024:

  • The median value for Houses in Willawong is $1,250,873 while the median value for Units is $412,858.
There are currently 5 properties listed for sale, and 5 properties listed for rent in Willawong on OnTheHouse. According to CoreLogic's data, 31 properties were sold in the past 12 months in Willawong.

Suburb Insights for Willawong 4110

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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.