47/3 Mclennan Court, North Lakes, QLD 4509 | Property Value & History | OnTheHouse
OFF MARKET

47/3 Mclennan Court
North Lakes QLD 4509

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 88m2
Land area: 115m2
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Property Details for 47/3 Mclennan Ct, North Lakes

47/3 Mclennan Ct, North Lakes is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 115m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
Unit
Year Built
2015
Floor Size
88m2
Land Size
115m2
Local Government
Moreton Bay
Lot/Plan
47/SP275112

Last Listing description (January 2025)

Astute investors, this is a not-to-be-missed opportunity! Act now to secure a high yielding, modern two bedroom apartment in this beautifully run complex located in the heart of North Lakes community. With amazing amenity in the immediate vicinity, its no wonder apartments in this residential low-rise complex are in consistent high demand and provide an exceptional rental return. Managed and run by the on-site service, this expansive building is maintained to a very high standard and provides its residents with fabulous facilities including a relaxed communal area with large swimming pool and sunloungers, a recreational room with table tennis and a fully equipped gymnasium. Neo North Lakes is only 7 years old and has a majority of investors owning due to the excellent position it is the perfect place for tenants as it is within a short walk to the Health Precinct, the North Lakes shopping precinct which is a major employment node and numerous education centers. It is mere meters walk to all these facilities and so much more. This apartment is positioned on the first floor and is leased until March 2024. Current tenants is paying $470/week which gives a gross return on investment of over 5.6% with great potential of future rent increase. Spaciously planned, and presented with a quality finish and stylish decor, the large and functional two bedrooms apartment offers superior comfort and enjoyable living areas. Light filled with plenty of windows and secure sliding doors, the unit has high ceilings and premium tiled flooring. The combined lounge and dining area is fitted with split system air conditioning, ceiling fan and downlights plus neutral paintwork. This generous living room features a lovely view and captures gentle breezes from the big balconies which serves as a relaxed spot for outdoor entertaining and eating. The high-end kitchen comes complete with stone-topped benches and breakfast bar seating with premium cabinetry that provides ample storage for all your kitchenware. Its equipped with stainless steel appliances including a dishwasher and double sink. A separate laundry space is both practical and offers great utility storage. There are two good-size bedrooms, both with built-in wardrobes and luxury carpets underfoot. The private master boasts personal air conditioning and a neatly appointed ensuite with quality stone benched vanity and decent shower capacity. Other features include: - Single carpark undercover
- Internal laundry with dryer included - 2x split system air conditioning - 3x Ceiling fans Neo's on-site management service, are offering new owners a rental guarantee for 12 months based on 5.5% gross return for the incoming purchaser. North Lakes is circa. 30km to Brisbane CBD and provides every amenity you need for easy living and great recreation. Part of Moreton Bay, it is close to nearby bayside suburbs of Redcliffe and Scarborough which are stunning seaside towns. Highlights include 3 minutes walk to Westfield North Lakes, IKEA & Coles. Only a short drive to Bunnings and Costco. Easy access to the Bruce Highway for Brisbane suburbs and Sunshine coast. Dont miss your opportunity to lock-in this unique deal and start enjoying a solid income stream and watch your investment grow. Call now for details and to book an inspection.(Listing ID: 21115181 )

Property History for 47/3 Mclennan Ct, North Lakes, QLD 4509

A timeline of how this property has performed in the market
Last Sold
$420,000
20 Oct 2023
  • 20 Oct 2023
    Sold for $420,000
  • 23 Aug 2023
    Listed for Sale Inviting All Offers
  • 26 Feb 2015
    Sold for $345,000
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About North Lakes 4509

The size of North Lakes is approximately 11.6 square kilometres. It has 54 parks covering nearly 18.8% of total area. The population of North Lakes in 2016 was 21671 people. By 2021 the population was 23030 showing a population growth of 6.3% in the area during that time. The predominant age group in North Lakes is 10-19 years. Households in North Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lakes work in a professional occupation.In 2021, 59.10% of the homes in North Lakes were owner-occupied compared with 54.80% in 2016.

North Lakes has 9,230 properties. Over the last 5 years, Houses in North Lakes have seen a 108.46% increase in median value, while Units have seen a 119.16% increase. As at 31 January 2026:

  • The median value for Houses in North Lakes is $1,111,847 while the median value for Units is $764,821.
  • Houses have a median rent of $680 while Units have a median rent of $623.
There are currently 41 properties listed for sale, and 62 properties listed for rent in North lakes on OnTheHouse. According to Cotality's data, 431 properties were sold in the past 12 months in North lakes.

Suburb Insights for North Lakes 4509

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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.