1/65 Glorious Promenade, Redbank Plains, QLD 4301 | Property Value & History | OnTheHouse
OFF MARKET

1/65 Glorious Promenade
Redbank Plains QLD 4301

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 76m2
Land area: 119m2
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Property Details for 1/65 Glorious Prom, Redbank Plains

1/65 Glorious Prom, Redbank Plains is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 2012. The property has a land size of 119m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in June 2018.

Building Type
House
Year Built
2012
Floor Size
76m2
Land Size
119m2
Local Government
Ipswich
Lot/Plan
1/SP228544

Last Listing description (July 2018)

This 6-year-old modern 2 bedroom terrace unit sits perched high overlooking Napier Park in the heart of Mountview Estate, Redbank Plains. It is currently part of the National Rental Affordability Scheme (NRAS). The new owner can choose to take up the advantage of the remaining NRAS incentive or choose to call it home and move into the property.
2 x Carpeted Bedrooms with BIR's
Internal laundry

Open Plan Air-Conditioned Living
Modern kitchen featuring:
? - Stainless gas cook top
? - Stainless under bench electric oven
? - Stainless dishwasher
? - Stone benchtops
Lock up garage plus a secure lock up car accommodation space
Ample Visitor Parking
Private secure courtyard
The Property can be sold with the remainder of the 10 year NRAS incentive term transferred to the new owner. The Government financial incentive is payable annually or refundable tax offset. Compared with a conventional residential investment property, the NRAS Incentive can provide a better cash return to investors than the receipt of full market rent. The owner may consider selling without the Scheme, but if you're an investor why would you turn down a substantial return!
Investor Information
Strata: $1299 approx per annum (B.C $126.25 + Admin $226.80 + Sinking $296.25 = $1298.60. Paid 6 monthly)
Rates: $1605 approx per annum
Water: $280 per quarter
Horizon Housing Management Fee: 10%
Lease end: 18 June 2018
Annual Lump Sum Payment/Govt Incentive: $11,000 approx.
Rent: $232.80 per week (Market Rent is : $290 per week)
Imagine An Additional Lump Sum Payment Of Approx $11,000 On Top Of Your Rent, That's Equal To Just Over $440 Per Week, an Extra $150 A Week More Than The Market Rent Achievable!
Ideally located directly opposite the Napier Park in the heart of Mountview Estate parkland you can't go wrong. This prime location, close to all amenities is only a short drive to Redbank Plains Town Square Shopping Centre, Redbank Plaza, Collingwood Park Shopping Centre, Orion Shopping Centre. A site on School Road has been earmarked for a major neighbourhood centre to include a supermarket as well as food and specialty stores precinct.
Springfield Central Railway Station and Redbank Station are only a short drive and with a new railway station set to come to Redbank Plains in the near future and more infrastructure coming your way, you can't go wrong!
White Rock-Spring Mountain Conservation Estate is on your doorstep, where you can explore its numerous bushwalking and mountain bike trails, ranging from 200 meters to 19 km return with fantastic picnic spots and views of the region. Numerous sporting fields are all closeby too.
Located 30 kilometres west of Brisbane's CBD, or 15 minutes from Ipswich and with Augustine Heights, Brookwater and Springfield Lakes just next door and easy access to the Gold Coast and the South East corridor. Spoilt for choice there are several options for childcare facilities, schools and tertiary education including The University of Southern Queensland and Bremer Institute of TAFE.
Call Jade today on 0425 209 790 for more information on the NRAS incentive, to make an appointment or come along to one of the scheduled open homes.

Property History for 1/65 Glorious Prom, Redbank Plains, QLD 4301

A timeline of how this property has performed in the market
Last Sold
$225,000
26 Jun 2018
Listed for Rent
$232/w
29 Jan 2016
  • 26 Jun 2018
    Sold for $225,000
  • 23 Apr 2018
    Listed for Sale Offers From $230,000
  • 28 Oct 2015
    Listed for Rent $232 / week
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About Redbank Plains 4301

The size of Redbank Plains is approximately 18.0 square kilometres. There are 31 parks, covering nearly 9.0% of the total area. The population of Redbank Plains in 2016 was 19299 people. By 2021 the population was 24349 showing a population growth of 26.2% in the area during that time. The predominant age group in Redbank Plains is 0-9 years. Households in Redbank Plains are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Redbank Plains work in a community and personal service occupation.In 2021, 39.70% of the homes in Redbank Plains were owner-occupied compared with 42.20% in 2016.

Redbank Plains has 11,015 properties. Over the last 5 years, Houses in Redbank Plains have seen a 142.27% increase in median value, while Units have seen a 158.54% increase. As at 31 July 2026:

  • The median value for Houses in Redbank Plains is $909,630 while the median value for Units is $743,839.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 131 properties listed for sale, and 46 properties listed for rent in Redbank plains on OnTheHouse. According to Cotality's data, 733 properties were sold in the past 12 months in Redbank plains.

Suburb Insights for Redbank Plains 4301

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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.