OFF MARKET

29/400 Ruffles Road
Wongawallan QLD 4210

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 222m2
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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 land size of 222m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in August 2019.

Building Type
Townhouse
Year Built
1991
Floor Size
78m2
Land Size
222m2
Local Government
Gold Coast City
Lot/Plan
29/GTP101621

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 :

- 2 bedrooms
- 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.

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Property History for 29/400 Ruffles Rd, Wongawallan, QLD 4210

A timeline of how this property has performed in the market
Last Sold
$220,000
08 Aug 2019
  • 08 Aug 2019
    Sold for $220,000
  • 29 Nov 2017
    Listed for Sale Offers Over $220,000
  • 31 Jan 2015
    Sold 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 589 properties. Over the last 5 years, Houses in Wongawallan have seen a 89.05% increase in median value, while Units have seen a 22.97% increase. As at 31 October 2024:

  • The median value for Houses in Wongawallan is $1,530,520 while the median value for Units is $628,246.
  • Houses have a median rent of $1,473.
There are currently 16 properties listed for sale, and no properties listed for rent in Wongawallan on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Wongawallan.

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