4 Lancewood StreetAlgester QLD 4115
Property Details for 4 Lancewood St, Algester
4 Lancewood St, Algester is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1990. The property has a land size of 911m2 and floor size of 188m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (July 2021)
Investor Dream.. Better Than Bank Returns!
3 UNITS -- ONE TITLE -- 911M2 BLOCK -- NO BODY CORP -- ZONED LMDR -- EXCELLENT LOCATION
Presenting an unmissable opportunity for savvy investors this unit complex on a huge single title, LMDR zoned, 911m2 block is the perfect buy for future growth & investment. Our vendor has tightly held this complex for over 31 years due to solid returns & is now offering this rare chance to one lucky buyer.
Literally a stone's throw from shops, cafes & transport & a short walk to 2 primary schools, this solid opportunity with no body corporate fees currently provides a combined rental income of nearly $45,000 per annum with potential to increase it to market values up to $48,000 pa.
Consisting of 3 x 2 bedroom, 1 bathroom brick & tile units, with a shared laundry & covered carport accommodation for 3 cars, this rare offering with complete accessibility & every convenience close by is an investment you'll never regret.
Delivering the scale, size & location required for a strong long term investment or development opportunity of subdividing is hard to find. For the astute investor looking for a great residential investment in a prime location, this could be one of the best opportunities you will see this year.
Current Banking returns & the effects of the Pandemic have shown small blocks of residential units to be safe havens for investment. This one is bite sized & will provide the new owners with the opportunity to receive decent returns on their outlay. You could live in one & rent the others out or even strata the complex if you wish.
If you're looking to make your next investment that will provide strong rental returns and capital value growth in one of Brisbane's best outer southside postcodes, inspect at the next open home.
*********** PLEASE NOTE *************
This property is being sold by Auction therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Property History for 4 Lancewood St, Algester, QLD 4115
- 02 Jul 2021Sold for $900,000
- 21 Jun 2021Listed for Sale Sold by Andrea Manson
- 22 Jan 2020Listed for Rent $285 / week
Recent sales nearby
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About Algester 4115
The size of Algester is approximately 3.6 square kilometres. There are 12 parks, covering nearly 10.7% of the total area. The population of Algester in 2016 was 8433 people. By 2021 the population was 9020 showing a population growth of 7.0% in the area during that time. The predominant age group in Algester is 30-39 years. Households in Algester are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Algester work in a professional occupation.In 2021, 68.10% of the homes in Algester were owner-occupied compared with 69.50% in 2016.
Algester has 3,676 properties. Over the last 5 years, Houses in Algester have seen a 103.42% increase in median value, while Units have seen a 154.27% increase. As at 30 April 2026:
- The median value for Houses in Algester is $1,156,685 while the median value for Units is $824,179.
- Houses have a median rent of $700 while Units have a median rent of $600.
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