62 Ludwick StreetCannon Hill QLD 4170
Property Details for 62 Ludwick St, Cannon Hill
62 Ludwick St, Cannon Hill is a 6 bedroom, 4 bathroom House with 4 parking spaces and was built in 1985. The property has a land size of 888m2 and floor size of 201m2. While the property is not currently for sale or for rent, it was last sold in March 2014.
Last Listing description (January 2022)
You can have workers on the ground in 60 days.
Avoid the current increased car parking regulations requiring 65% more car parking - This unit development has DA and BA Approval for an extra storey (4 in total) also approved under superseded carparking regulations.
The current Town Plan Regulations have significantly increased the car parking requirements on LMR3 developments in Brisbane. The 1579m2 on offer at 60 & 62 Ludwick Street has both DA and BA approval (2014) incorporating superseded planning regulations which provides the opportunity to avoid stringent changes to the current regulations.
Current regulations requires increased car parking provisions for a development such as Ludwick Street from 28 to 43 spaces. Achieving the new car parking requirements would result in a lower yield of units or increased project costs for basement parking.
The details of the approved development:
- Total GFA 1828 m2
- 20 units in total
- 16 x 2 bedroom 2 bathroom (90m2 120m2)
- 2 X 1 Bedroom 1 Bathroom (68m2)
- 2 X 3 Bedroom 2 Bathroom ( 204m2-236m2)
- 28 carparks (all ground floor; 23 residents + 5 visitor)
- Penthouse 3 Bedrooms also have 2 car spaces and storage bays
- Central elevator
- Common outdoor entertaining space
- Bike Storage on lower level
- No requirement for commercial space
The current owners have already completed and paid for a local street infrastructure upgrade to ensure suitable water, storm water and sewer to cope with increased demand.
The details of the blocks:
- 28.7 metres of street frontage
- No demolition restrictions
- Both houses currently rented on periodic basis; therefore only 2 months' Notice to Leave required
- 60 Ludwick St two storey; 3 bed + 2 Bath + 2 car; fully fenced; large deck. Currently rents at $440 per week
- 62 Ludwick St two storey; 4 bed + 2 bath + 2 car; fully fenced; modern renovation downstairs; ducted air con. Currently rents at $520 per week
Less than 10 kms from the CBD, Ludwick Street is in a prime position, close to major transport hubs (Cannon Hill bus interchange along with Murarrie and Cannon Hill train stations), Southgate commercial precinct, the new East Village Development. The nearby Gateway Motorway provides fast access to the Gold and Sunshine Coasts with Brisbane Airport 10 minute drive only.
Approved under superseded regulations sites like this are hard to find. The current owners are moving on to new projects and looking for the right buyer to take on the profit from this great opportunity.
A full information memorandum is available upon request.
Property History for 62 Ludwick St, Cannon Hill, QLD 4170
- 07 Feb 2020Listed for Sale $1 800 000
- 04 Jul 2016Listed for Rent - Price not available
- 19 Mar 2015Listed for Rent $475 / week
Recent sales nearby
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About Cannon Hill 4170
The size of Cannon Hill is approximately 3.8 square kilometres. It has 8 parks covering nearly 42.9% of total area. The population of Cannon Hill in 2016 was 5533 people. By 2021 the population was 6701 showing a population growth of 21.1% in the area during that time. The predominant age group in Cannon Hill is 30-39 years. Households in Cannon Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cannon Hill work in a professional occupation.In 2021, 60.30% of the homes in Cannon Hill were owner-occupied compared with 65.10% in 2016.
Cannon Hill has 3,200 properties. Over the last 5 years, Houses in Cannon Hill have seen a 111.74% increase in median value, while Units have seen a 96.09% increase. As at 31 December 2025:
- The median value for Houses in Cannon Hill is $1,656,086 while the median value for Units is $838,929.
- Houses have a median rent of $820 while Units have a median rent of $660.
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