SOLD
Sold on 22 Jul 2024 for $800,000

21-29 Gumtree Court
Woodford QLD 4514

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 69m2
Land area: 20540m2
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Property Details for 21-29 Gumtree Ct, Woodford

21-29 Gumtree Ct, Woodford is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 20540m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom House sold in Woodford in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
69m2
Land Size
20540m2
Local Government
Moreton Bay
Lot/Plan
49/RP210216

Last Listing description (November 2020)

Located on the quiet rural fringe of the Woodford township, this superb 5 acre farmlet has produced hydroponic lettuce for Woodford's largest producer since 2008. This unique set up is complete with a spacious, tastefully renovated 2 bedroom home and plenty of room for a horse or to expand the farm.

* commercial solar with 40 panels - 12 KiloWatt 3 phase inverter

* 3 phase power
* town water plus 75,000L of rainwater storage tanks in addition to hydroponic system
* double car shed

Complete hydroponic infrastructure consisting of:-
* 86 lettuce beds totalling 25800 growing holes
* all necessary Controllers, Pumps & Water treatment equipment
* seedling Nursery
* 2 cold rooms - 1 X 4 pallet and 1 X 10 pallet

This is a rare opportunity to secure a tidy acreage package with 2 sources of income potential. The property has consistently produced a significant income from the farm since 2008 and also has the additional option to generate income from the house as rental.

This is a great opportunity for a newcomer to the industry who wants to learn from the best.
The current owners are happy to train & educate the new owners in all aspects of the art-form of hydroponic food production.
This scenario can also include a supply contract to purchase the end product that is grown.
Subject to confidentiality, financial figures can be made available for financial institution lending purposes.

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Property History for 21-29 Gumtree Ct, Woodford, QLD 4514

A timeline of how this property has performed in the market
Last Sold
$800,000
22 Jul 2024
  • 22 Jul 2024
    Sold for $800,000
  • 26 Nov 2018
    Listed for Sale Buyers over $500,000
  • 30 Oct 2017
    Listed for Sale Buyers over $500,000
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About Woodford 4514

The size of Woodford is approximately 90.2 square kilometres. It has 14 parks covering nearly 61.1% of total area. The population of Woodford in 2011 was 2,518 people. By 2016 the population was 3,458 showing a population growth of 37.3% in the area during that time. The predominant age group in Woodford is 20-29 years. Households in Woodford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woodford work in a labourer occupation. In 2011, 74.8% of the homes in Woodford were owner-occupied compared with 76.3% in 2016.

Woodford has 1,575 properties. Over the last 5 years, Houses in Woodford have seen a 110.65% increase in median value, while Units have seen a -40.20% decrease. As at 30 November 2024:

  • The median value for Houses in Woodford is $916,804 while the median value for Units is $553,002.
  • Houses have a median rent of $640.
There are currently 32 properties listed for sale, and 6 properties listed for rent in Woodford on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Woodford.

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