OFF MARKET

38 Kedron Park Road
Wooloowin QLD 4030

Bedrooms: 15
Bathrooms: 3
Car spaces: 5
Land area: 883m2
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Property Details for 38 Kedron Park Rd, Wooloowin

38 Kedron Park Rd, Wooloowin is a 15 bedroom, 3 bathroom Unit with 5 parking spaces. The property has a land size of 883m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
Unit
Land Size
883m2
Local Government
Brisbane
Lot/Plan
64/RP19379

Last Listing description (May 2020)

HIGH CASH FLOW | DEVELOPMENT OPPORTUNITY | 883m2 LAND

CASH COW WITH MASSIVE UPSIDE POTENTIAL. POTENTIAL TO DEVELOP THE REAR SITE AND DOUBLE YOUR INVESTMENT.

This spectacular investment opportunity is located only 5kms from Brisbane CBD in the high growth suburb of Wooloowin. The building sits on 883m2, with a large portion of vacant land and has a 2 street frontage. The building is a beautiful solid brick construction and consists of 15 rented rooms giving you over $2,900/wk in income.

Property Features
- 15 Flats with Kitchenettes
- 3 Bathrooms
- Car space for 5+ Vehicles
- $152,000/yr gross return
- Brick Build

Land Features
- 883m2 Land
- Large Vacant Block, potential for redevelopment
- 2 Lots on 1 Title
- 2 Street Frontage

Location Benefits
350m | Wooloowin Station
500m | Lutwyche Shopping Centre
570m | Lutwyche Bus Interchange
4.5kms | Queensland University of Technology
4.8kms | Brisbane Airport
5kms | Brisbane CBD

Contact us on 0431 405 105 to add this investment to your portfolio today.

Disclaimer - All information and suggested development options contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.

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Property History for 38 Kedron Park Rd, Wooloowin, QLD 4030

A timeline of how this property has performed in the market
Last Sold
$1,585,000
16 Feb 2020
  • 16 Feb 2020
    Sold for $1,585,000
  • 15 Jan 2020
    Listed for Sale UNDER CONTRACT
  • 23 May 2007
    Listed for Sale Not Disclosed
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About Wooloowin 4030

The size of Wooloowin is approximately 1.1 square kilometres. It has 1 park. The population of Wooloowin in 2011 was 5,941 people. By 2016 the population was 3,938 showing a population decline of 33.7% in the area during that time. The predominant age group in Wooloowin is 20-29 years. Households in Wooloowin are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wooloowin work in a professional occupation. In 2011, 56% of the homes in Wooloowin were owner-occupied compared with 46.1% in 2016.

Wooloowin has 2,147 properties. Over the last 5 years, Houses in Wooloowin have seen a 82.81% increase in median value, while Units have seen a 71.79% increase. As at 31 October 2024:

  • The median value for Houses in Wooloowin is $1,576,701 while the median value for Units is $650,095.
  • Houses have a median rent of $700 while Units have a median rent of $500.
There are currently 7 properties listed for sale, and 11 properties listed for rent in Wooloowin on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Wooloowin.

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