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Overview
Park Ridge
This residential property located in Park Ridge is a dual living house designed to meet the needs of investors seeking a peaceful and convenient lifestyle. The house features five bedrooms, three bathrooms, and two parking spaces, making it suitable for families or tenants requiring ample space and comfort.
The property sits on a flat block of 400 square meters, providing a manageable land size that is easy to maintain. The home is situated in a tranquil neighborhood, offering a serene environment while still being close to essential amenities such as shops, parks, and other local facilities.
Investors will appreciate the estimated combined rental income of over $900 per week, which translates to a rental yield exceeding 5.5%. This makes the property an attractive option for those looking to secure a steady income stream from their investment.
The house is ideal for first home investors or those looking for a property aged between 10 to 20 years, offering a balance of modern living with established neighborhood benefits. Its dual living design allows for flexible accommodation arrangements, potentially increasing rental opportunities or providing space for extended family living.
Purchased in August 2024 at a price of $847,000, this property represents a sound investment in the growing Park Ridge area. The location's proximity to amenities and the peaceful surroundings enhance its appeal for both tenants and future resale value.
Overall, this Park Ridge house offers a compelling combination of space, location, and investment potential, making it a valuable addition to any property portfolio.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Park Ridge QLD 4125
Market Insights for Park Ridge QLD 4125
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
