29/400 Ruffles RoadWongawallan QLD 4210
Property Details for 29/400 Ruffles Rd, Wongawallan
29/400 Ruffles Rd, Wongawallan is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1991. The property has a floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in August 2019.
Last Listing description (August 2018)
What a great option for cheaper housing and investment. These properties are available to all the public markets, investors, first home buyers, downsizers, retirees, owner occupiers, weekenders, whatever use your heart desires.
The property is located in Willow Vale/Wongawallan, offering investors an investment with a secure income source. The property can either be leased out to anyone from the public (as a normal rental property) or you can live in this yourself once the lease is at an end making this very, very affordable home.
The features of the property :
- Open plan living design
- Split system air-conditioner-Ceiling fans
- Bathroom with spa shaped bath + separate toilet
- Fully functional kitchen
- Large outdoor balcony
- Electronic gated estate
- Facilities include swimming pool, tennis court and a secure gated entry.
-Built in 1992 and 1993, there are 38 Chalets in the 81ha estate
-No fenced land around the dwelling
Should you wish to live in the property the only expenses are body corporate fees, council rates and building insurance as below.
Should you wish to keep this property as a rental, rent this property out as as investment, below are the figures for you:
Rental income = $330 per week currently leased
Body corporate fees = Approx $4,063.40 (Admin Fund $2,772.32 + Sinking Fund $1,291.08)
Council rates = Approx $1,844.60
Building Insurance = Approx $170.49
Borrowing funds?
- Current known lenders include: Suncorp, ANZ and Bank of Queensland.
- Due to smaller house/land size, banks will lend 60% to 80% of the sale price. Cash or equity in other property will be required for the balance.
Property History for 29/400 Ruffles Rd, Wongawallan, QLD 4210
- 08 Aug 2019Sold for $220,000
- 29 Nov 2017Listed for Sale Offers Over $220,000
- 31 Jan 2015Sold for $165,000
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About Wongawallan 4210
The size of Wongawallan is approximately 32.9 square kilometres. It has 10 parks covering nearly 5.2% of total area. The population of Wongawallan in 2011 was 1,103 people. By 2016 the population was 1,253 showing a population growth of 13.6% in the area during that time. The predominant age group in Wongawallan is 40-49 years. Households in Wongawallan are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wongawallan work in a professional occupation. In 2011, 84.6% of the homes in Wongawallan were owner-occupied compared with 87.1% in 2016.
Wongawallan has 591 properties. Over the last 5 years, Houses in Wongawallan have seen a 97.81% increase in median value, while Units have seen a 23.78% increase. As at 31 August 2024:
- The median value for Houses in Wongawallan is $1,579,459 while the median value for Units is $786,481.
- Houses have a median rent of $1,273.
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