35/400 Ruffles RoadWongawallan QLD 4210
Property Details for 35/400 Ruffles Rd, Wongawallan
35/400 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 472m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in April 2019.
Last Listing description (May 2015)
Here is a chance for investors to secure a very rare positive geared property with 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 making this very, very affordable home.
This hilltop property features:
- 2 bedrooms
- Split system air-conditioner
- Bathroom with spa bath + separate toilet
- Fully functional kitchen
- Large outdoor balcony
- Laundry
- Electronic gated estate
- Facilities include swimming pool & tennis court
Live in there yourself:
Should you wish to live in there yourself, the only expenses are body corporate fees, council rates and building insurance as below.
Rent it out:
Should you wish to rent this property out as as investment, below are the figures for you:
Yearly rental income = $15,600.00 ($300 per week)
LESS yearly expenses:
Body corporate fees = $4,063.40 (Admin Fund $2,772.32 + Sinking Fund
$1,291.08)
Council rates = $1,844.60
Building Insurance = $170.49
Rental Management fee = $1,458.60
NETT INCOME approx = $8,062.91
Borrowing funds?:
- Current known lenders include: Suncorp, ANZ and Bank of Queensland.
- Due to smaller land size, banks will lend 50 - 60% of the sale price.
Cash or equity in other property will be required for the balance.
Property History for 35/400 Ruffles Rd, Wongawallan, QLD 4210
- 24 Apr 2019Sold for $223,000
- 31 Mar 2015Listed for Sale $180,000
- 31 Mar 2015Sold for $180,000
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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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