8/5 Richards Street, Loganlea, QLD 4131 | Property Value & History | OnTheHouse
OFF MARKET

8/5 Richards Street
Loganlea QLD 4131

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 52m2
Land area: 350m2
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Property Details for 8/5 Richards St, Loganlea

8/5 Richards St, Loganlea is a 2 bedroom, 1 bathroom House with 3 parking spaces and was built in 2018. The property has a land size of 350m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Year Built
2018
Floor Size
52m2
Land Size
350m2
Local Government
Logan City
Lot/Plan
8/SP296580

Last Listing description (November 2021)

8A & 8B - 5 Richards St, Loganlea 4131 QLD

These Dual Occupancy/Dual key units are perfect for retirees, owner-occupiers, first home buyers, single or families, or as an investment property.


Being only 2 years old, this dual key is perfect for the investor as tax depreciation on these quality units bring significant benefits. With the proximity of the facilities and infrastructure, these units located in one of the fastest growing suburbs in south-east QLD, provide numerous education and employment opportunities.

These immaculate units are fitted out with high-quality appliances and cabinetry. The automatic garages smoothly lead you into the internal spaces. Upon entering the master unit, you will be impressed by the open plan living room with light-filled space and air-conditioning. The spacious living and dining area directly link to the kitchen, so you can cook up a storm while connecting with family and friends. The sliding door off the lounge leads to an alfresco area, specially designed for you to enjoy with a glass of wine or a cup of tea.


The features highlight:

Unit 8B -
* 3 Beds, 2 Baths and 2 Car Garage
* Master bedroom with built-in robe and ensuite
* All bedrooms with ceiling fans and built-ins
* Open plan kitchen/dining/living area, air-conditioned
* Modern kitchen with stainless steel appliances including dishwasher
* Carpeted bedrooms and tiles to the high traffic areas
* Alfresco outdoor entertainment area
* Fully fenced yard
* Grassed courtyard
* All windows with blinds
* Security screens to windows and doors
* Double remote lockup garage
* $345 a week with 12 months leased terms.

Unit 8A -
* 2 Beds, 1 Bath and 1 Garage,
* Both bedrooms with ceiling fans and built-in robes
* Open plan air-conditioned living area
* Stainless steel appliances including dishwasher
* Carpeted bedrooms and tiles to the high traffic areas
* Alfresco outdoor entertainment area
* Grassed courtyard
* All windows with blinds
* Fully fenced yard
* Security screens to windows and doors
* Single remote lock up garage
* $310 a week with 12 months leased terms.


LOCATION, LOCATION, LOCATION

LOGANLEA - High demand area and very close to major employment hubs

Ideally located close to all amenities including:

- Logan Hospital
- Logan Institute of T.A.F.E
- Schools and Shopping Centers
- Griffith University Logan Campus
- Meadowbrook Golf Course
- Loganlea Train Station
- Access to Major Motorways just minutes away
- 30 minutes from Brisbane CBD
- 35 minutes to Brisbane Airport
- 35 minutes to the Gold Coast.
- 9 minutes drive to IKEA
- 10 minutes drive to Hyperdome
- 9 minutes drive to Browns Plains Grand Plaza

Investor Facts:

Total rent @ $655 per week
Unit 8A @ $310 a week, currently tenanted by long term tenant till Feb 2022
Unit 8B @ $345 a week, currently tenanted by long term tenant till July 2022
House built: 2019

The following are key benefits for a Dual Occupancy property.

FOR INVESTORS: Two income-producing properties on one title and a high rental yield, along with the low outgoings. This usually means that the property will be positively geared from day one. A Dual Living Home will continue to outperform standard investment properties that offer accommodation for one tenant.

FOR FIRST HOME BUYERS: Could be eligible for the Queensland Government First Home Buyers Grant. Dual living homes can relieve their mortgage stress by having an additional source of income from renting one of the dwellings.

FOR OWNER OCCUPIER: Live in one half and rent out the other for a passive income.

FOR LARGE FAMILIES: Requiring four-plus bedrooms as well as extra families living, this arrangement could be perfect. If the children can't afford to move out on their own or if aged parents need looking after, Dual Living Homes provide an answer.

For further Information contact Glenn Or Cyndy

Property History for 8/5 Richards St, Loganlea, QLD 4131

A timeline of how this property has performed in the market
Last Sold
$617,000
22 Sep 2021
  • 22 Sep 2021
    Sold for $617,000
  • 20 Sep 2021
    Listed for Sale Offers Over $590,000
  • 24 Apr 2017
    Sold for $225,000
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About Loganlea 4131

The size of Loganlea is approximately 5.6 square kilometres. It has 19 parks covering nearly 4.2% of total area. The population of Loganlea in 2016 was 7321 people. By 2021 the population was 8716 showing a population growth of 19.0% in the area during that time. The predominant age group in Loganlea is 20-29 years. Households in Loganlea are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Loganlea work in a trades occupation.In 2021, 34.70% of the homes in Loganlea were owner-occupied compared with 39.10% in 2016.

Loganlea has 3,836 properties. Over the last 5 years, Houses in Loganlea have seen a 133.74% increase in median value, while Units have seen a 188.83% increase. As at 31 March 2026:

  • The median value for Houses in Loganlea is $917,424 while the median value for Units is $764,007.
  • Houses have a median rent of $570 while Units have a median rent of $500.
There are currently 39 properties listed for sale, and 12 properties listed for rent in Loganlea on OnTheHouse. According to Cotality's data, 183 properties were sold in the past 12 months in Loganlea.

Suburb Insights for Loganlea 4131

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.