24 Santiago Cres, Spring Mountain, QLD, 4124

SoldFeb 22, 2022

24 Santiago Cres, Spring Mountain, QLD, 4124

$730,000

0 m²

529 m²

House

•

30+ days on the market

Sold: Feb 22, 2022

What's around 24 Santiago Cres

Large 529sqm Land | Best Location in Springfield Rise | Walk to Train & Orion | Amazing views

Are you an investor looking for great potential capital growth? You've heard the saying that it's the land that appreciates and the house depreciates, right? Well, this home located in one of (if not) the most popular areas in Springfield Rise called Park Lane because it's surrounded by premium display homes but it's also the closest village to the CBD so you're walking distance to the Orion Shopping centre where you'll be able to walk to and from one of the many bars or cafes on offer. It's also walking distance to the train station making it a breeze if you work in Brisbane but love the lifestyle of Springfield Rise.Typically, you'll find the closer you are to amenity the greater the capital growth, however; the closer you get to the amenity the land becomes higher density, not in this case! This is a super rare opportunity to purchase land of this size closest you can get the Springfield CBD. Comparing the latest land prices, this blocks replacement would be approx. $420,000 to build a home like this of this home with these level of inclusions would also be approx. $380,000 the total price to replace this home (in an area not as high demand as Park Lane) would be approx. $800,000. So, if you're a savvy investor – this is your opportunity to purchase a great investment in one of Australia's fastest growing (in median prices) suburbs! Please note that land prices have increased approx. 50% in the last two years and as the final stages of Springfield Rise at Spring Mountain are released – this is only set to increase even further! Other luxury features of this home: o – 529sqm Corner block with amazing views o - High Ceilings to both levels (2700mm) o – 15kw LG Ducted Air with touch screen o – Chefs kitchen with island stone benchtops, under mount sink, goose neck mixer and pendant lights o – 900mm Westinghouse Freestanding gas cooker and canopy range hood o – Cinema room with step so that you can have staggered seating o – HUGE flat backyard o – Plus too many other inclusions to list Great tenant is already in place until August 2022 so there's no waiting to find a tenant. Do not this opportunity to grab a bargain in this high demand and hard to find location, you will kick yourself when you can't find anything like this again for this price, call Adam to arrange an inspection. Disclaimer: PLEASE NOTE: *With the advice and direction from Federal Government and Real Estate Institution of QLD (REIQ), we are excited to now be conducting open inspections. Please keep in mind restrictions still apply with a maximum of 50 attendees inside the property at one time. Social distancing and hygiene protocols will also be strongly observed. *Important. Whilst every care is taken in the preparation of the information contained in the marketing, Purple Cow Real Estate will not be held liable for any errors in typing or information. All information is correct at the time of advertising.