Lot 40 1 Property 2 Income Rent Estimate $ $ 860/Wk , Park Ridge QLD 4125

$902,400.00

5 beds

3 baths

2 parking

Investors Delight 1 property 2 Income - est Yield 5%

Park Ridge has 166 houses available for sale. The median property price for a house is currently $620,000 with annual capital growth of 31.08%. There were 164 house sales in the past 12 months. On average, houses spend 20 days on market.

If you're thinking about buying an investment property in Park Ridge, consider that rental yields for houses are currently
3.88% with an average median rent of $490 weekly. Houses have seen 10.29% growth in the past quarter, and 31.08%
growth in the past 12 months.

The size of Park Ridge is approximately 16.8 square kilometres. It has 8 parks covering nearly 0.7% of total area. The population of Park Ridge in 2011 was 2,328 people. By 2016 the population was 2,509 showing a population growth of 7.8% in the area during that time. The predominant age group in Park Ridge is 70-79 years.

Households in Park Ridge are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Park Ridge work in a trades occupation. In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016.

• 3 Bedrooms with BIR
• Open plan
Family/Dining/Kitchen
• Covered outdoor entertaining
area
• Single lock-up garage with
internal entry
• Separate family
accommodation with:
• 2 Bedroom with BIR
• Open plan Family/Dining/Wet
bar
• Outdoor entertaining area
• Single lock-up carport

Property Details

• Type: House
• Bedrooms: 5
• Bathrooms: 3
• Garage Spaces: 2
• Building Area: 224 m² (approx)
• Land Area: 506 m² (approx)
• New Construction: Yes