OFF MARKET

2 Hermes Way
Wulkuraka QLD 4305

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 95m2
Land area: 132m2
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Last updated 30 Sep 2024
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Property Details for Lot 1/2 Hermes Way, Wulkuraka

Lot 1/2 Hermes Way, Wulkuraka is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 2013. The property has a land size of 132m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in August 2015.

Building Type
House
Year Built
2013
Floor Size
95m2
Land Size
132m2
Local Government
Ipswich
Lot/Plan
1/SP260050

Last Listing description (June 2015)

This a NRAS property with still 8 years to go to get the Tax-free Government incentive of more than $10,000 every year on top of the guaranteed rent. That's close to $90,000 for the next 8 years. This 2 year old investment property ticks all the boxes for high yield and capital gain.
This is a part of a duplex together with the property at 18 Ceres Street and both the properties are individual titled. The properties are sold individually or together. Great opportunity for an investor to buy both and receive close to $180,000 incentive from the Government for the remainder of the NRAS period and of course the guaranteed rent during that period. All the management of the property is in place. No need for the new owner to go deal with tenants. At least not for the next 8 years.
Priced at $299.000 or nearest offer.

Property History for Lot 1/2 Hermes Way, Wulkuraka, QLD 4305

A timeline of how this property has performed in the market
Last Sold
$265,000
21 Aug 2015
Listed for Rent
$235/w
21 Mar 2015
  • 21 Aug 2015
    Sold for $265,000
  • 22 Apr 2015
    Listed for Sale $299,000
  • 21 Feb 2015
    Listed for Rent $235 / week

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About Wulkuraka 4305

The size of Wulkuraka is approximately 3.6 square kilometres. It has 8 parks covering nearly 11.8% of total area. The population of Wulkuraka in 2011 was 854 people. By 2016 the population was 1,223 showing a population growth of 43.2% in the area during that time. The predominant age group in Wulkuraka is 0-9 years. Households in Wulkuraka are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wulkuraka work in a trades occupation. In 2011, 50.7% of the homes in Wulkuraka were owner-occupied compared with 43.9% in 2016.

Wulkuraka has 621 properties. Over the last 5 years, Houses in Wulkuraka have seen a 109.05% increase in median value, while Units have seen a 49.11% increase. As at 30 September 2024:

  • The median value for Houses in Wulkuraka is $639,331 while the median value for Units is $496,653.
  • Houses have a median rent of $480 while Units have a median rent of $480.
There are currently 8 properties listed for sale, and 7 properties listed for rent in Wulkuraka on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Wulkuraka.

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