10/31 Nyanza Street, Woodridge, QLD, 4114

SoldNov 18, 2024

10/31 Nyanza Street, Woodridge, QLD, 4114

$412,000

75 m²

Unit

•

27 days on the market

Sold: Nov 18, 2024

What's around 10/31 Nyanza Street

Buy or Invest in the #2 suburb for growth in unit prices in the whole of booming QLD!!

SEQld is booming, and the Logan area is spearheading the surges in price growth – in fact the top three suburbs for price growth are in this area and coming in at no.2 is Woodridge and it's clear to see why. Affordable and high in demand for tenants given its 'halfway' proximity to both Gold Coast and Brisbane with great amenity and emerging infrastructure on its doorstep. This rare three (yes – three!!) bedroom lowset home allows you to maximise your rental return vs most 2 bed units you find at this price. Currently rented on a fixed lease (which is much better than a periodic lease) for $430pw until 8th January 2025 (so this is also eligible to be owner occupied) and rent review date is 9th July 2025 and is expected to increase to >$450pw. Woodridge is ripe for future potential price growth, in December 2023 realestate.com.au published that Woodridge was the ninth best performing suburb for year on year price growth at 19% and just recently this month published that Woodridge is the second highest performing suburb for price growth in the whole of Queensland and that affordable areas are set to see the largest price growth moving forward in 2025 – so savvy investors, what are you waiting for. Currently returning approx. 5.3% gross rental yield – it's anticipated with the forecasted tight rental market to continue that this could be achieving approx. 6+% in the next couple of years, as well as the potential of great capital growth – this is a true investors dream! This location is super popular with tenants as it offers not only the three bedrooms but also has these amazing features: o Lowset home making all aspects of the home easily accessible o Great complex amenities o Swimming pool for those balmy hot Qld summer days o Tennis court for some fun exercise o Secure gated in a quiet and friendly community o Ceiling fans in all bedrooms and main living o Single under-cover carport o Large open plan living and dining space for the whole family to come together o Recently repainted lounge room o Opportunity to add your own personal touch to the home Approx. body corp: Admin Fund = $770/qtr Sinking fund = $792/qtr Blink and you'll miss this fantastic investment opportunity – I honestly don't know when you'll be able to find another solid three bed investment home again in SEQld. Call or SMS Andy Nutton for further information.