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17 Weedbrook Street, Park Ridge QLD 4125

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$1.1M - $1.2M Medium Confidence Calculated based on our search observations.

House 3 Beds 2 Baths 1 Car 434 m²

Listed: 3 days ago

Overview

This property at 17 Weedbrook Street offers a unique investment opportunity with its dual-key design, set on a substantial 434sqm block in Park Ridge. Built recently in 2019, the residence comprises two separate homes, each fully tenanted, generating a combined rental income that provides immediate positive cash flow.

The first unit features three bedrooms, including a master with air conditioning, built-in wardrobe, and private ensuite, complemented by ceiling fans throughout and an open-plan kitchen equipped with stainless steel appliances and a dishwasher. The separate laundry, single lock-up garage, and a fenced yard with an outdoor entertaining area enhance the livability and functionality of this space.

The second unit includes two bedrooms with built-in robes and air conditioning, a similarly well-appointed open kitchen and living area, ceiling fans, and its own single lock-up garage. Both units are designed with modern and practical layouts, appealing strongly to tenants seeking comfortable and low-maintenance living.

Located in a well-connected suburb within Logan, the property benefits from close proximity to local schools, shopping centres, public transport, and major roads linking Brisbane and the Gold Coast, underscoring its attraction for investors and families alike. This dual occupancy property suits those aiming for a 'set and forget' investment strategy or looking to expand their rental portfolio with minimal management effort.

Local Market Insights

In Park Ridge, Quiet Listings observed 26 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $1,240,385. The property type mix of listed properties is predominantly Houses at 88%, followed by land (9%), and duplexes (3%). The most active agency for houses in the Park Ridge area is currently Ray White, representing 31% of new listings, followed by Avenue Property with 23%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.