10/31 Nyanza StreetWoodridge QLD 4114
Property Details for 10/31 Nyanza St, Woodridge
10/31 Nyanza St, Woodridge is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom Unit sold in Woodridge in the last 12 months.
Last Listing description (November 2024)
SEQld is booming, and the Logan area is spearheading the surges in price growth – in fact the top three suburbs for price growth are in this area and coming in at no.2 is Woodridge and it's clear to see why. Affordable and high in demand for tenants given its 'halfway' proximity to both Gold Coast and Brisbane with great amenity and emerging infrastructure on its doorstep.
This rare three (yes – three!!) bedroom lowset home allows you to maximise your rental return vs most 2 bed units you find at this price. Currently rented on a fixed lease (which is much better than a periodic lease) for $430pw until 8th January 2025 (so this is also eligible to be owner occupied) and rent review date is 9th July 2025 and is expected to increase to >$450pw.
Woodridge is ripe for future potential price growth, in December 2023 realestate.com.au published that Woodridge was the ninth best performing suburb for year on year price growth at 19% and just recently this month published that Woodridge is the second highest performing suburb for price growth in the whole of Queensland and that affordable areas are set to see the largest price growth moving forward in 2025 – so savvy investors, what are you waiting for.
Currently returning approx. 5.3% gross rental yield – it's anticipated with the forecasted tight rental market to continue that this could be achieving approx. 6+% in the next couple of years, as well as the potential of great capital growth – this is a true investors dream!
This location is super popular with tenants as it offers not only the three bedrooms but also has these amazing features:
o Lowset home making all aspects of the home easily accessible
o Great complex amenities
o Swimming pool for those balmy hot Qld summer days
o Tennis court for some fun exercise
o Secure gated in a quiet and friendly community
o Ceiling fans in all bedrooms and main living
o Single under-cover carport
o Large open plan living and dining space for the whole family to come together
o Recently repainted lounge room
o Opportunity to add your own personal touch to the home
Approx. body corp:
Admin Fund = $770/qtr
Sinking fund = $792/qtr
Blink and you'll miss this fantastic investment opportunity – I honestly don't know when you'll be able to find another solid three bed investment home again in SEQld. Call or SMS Andy Nutton for further information.
Property History for 10/31 Nyanza St, Woodridge, QLD 4114
- 18 Nov 2024Sold for $412,000
- 22 Oct 2024Listed for Sale UNDER CONTRACT
- 06 May 2024Listed for Rent $430 / week
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0About Woodridge 4114
The size of Woodridge is approximately 4.7 square kilometres. It has 21 parks covering nearly 8.1% of total area. The population of Woodridge in 2011 was 12,787 people. By 2016 the population was 12,571 showing a population decline of 1.7% in the area during that time. The predominant age group in Woodridge is 0-9 years. Households in Woodridge are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Woodridge work in a labourer occupation. In 2011, 39.6% of the homes in Woodridge were owner-occupied compared with 36.7% in 2016.
Woodridge has 5,480 properties. Over the last 5 years, Houses in Woodridge have seen a 122.28% increase in median value, while Units have seen a 98.15% increase. As at 30 November 2024:
- The median value for Houses in Woodridge is $620,294 while the median value for Units is $400,779.
- Houses have a median rent of $480 while Units have a median rent of $400.
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