2/18 Wisteria LaneSouthside QLD 4570
Property Details for 2/18 Wisteria Lane, Southside
2/18 Wisteria Lane, Southside is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 118m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
Last Listing description (December 2019)
Great investment opportunity. These duplexes are currently under the NRAS scheme (National Rental Affordability Scheme), expiring on 30 April 2023 with a current total return at approx. $880 per week. Yep, do the maths here folks. You simply cannot and will not go wrong with this great deal. Buy 1 at offers over 260k with a rent return of approx. $440 per week or buy both!
These really are the whizz bang of all duplexes with a 9+% return! No expense has been spared with these spacious modern contemporary quality three-bedroom, duplexs in a great location. Stylish & modern they are a perfect investment for the lucky buyer. So, buy one or the other, or buy both!
Location:
Dwellings:
Modern contemporary brick and colorbond 3 bed, 1 bath, 1 lockup car with nice outlook and positioned to capture the afternoon breezes.
All unit features:
Single story detached strata titled residential villa unit located in a community title scheme.
Each unit is of timber frame veneer construction with a colour bond roof.
Modern decor and quality finishes throughout with great floor plan considerations.
Covered entry porch.
Air-conditioned open plan tiled living, dining, kitchen.
Stylish modern kitchen with electric cooktop, wall oven, dishwasher, and pantry.
3 x carpeted bedrooms with ceiling fans and built-in robes.
Bathroom with separate toilet.
Private covered outdoor entertaining area.
Single lockup garage with remote access & laundry provision.
Low maintenance landscaping with retaining walls and privacy timber fencing.
Concrete driveway and extra parking bay for visitors.
Town services and water.
Rates approx. $1,500 year each unit
Landlords Insurance approx. $270 per year.
Building insurance approx. $610 per year
For the astute investor the current owner has a comprehensive depreciation schedule in place, which they are willing to share with the incoming investor. Current lease is in place on each unit until November 2019 with a current NRAS rent of $224.00 per week with NRAS payment on top. For further information on the Australian Federal & State Government initiative National Rent Affordability Scheme (NRAS), providing investors with an opportunity for Tax free cash incentives (currently $11,192 indexed annually for 10 years to eligible residential property investors). Please refer to https://www.dss.gov.au/housing-support/programs-services/housing/national-rental-affordability-scheme/nras-investors
Disclaimer
Whilst all due diligence has been taken in the preparation/details of this document agents2go can attach no guarantee to them and recommend intending purchasers conduct their own enquiries.
Property Code: 906
Property History for 2/18 Wisteria Lane, Southside, QLD 4570
- 05 Nov 2019Listed for Sale OFFERS OVER $500,000!
- 13 Oct 2019Sold for $252,500
- 17 Jul 2014Sold for $279,000
Recent sales nearby
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0About Southside 4570
The size of Southside is approximately 18.6 square kilometres. There are 27 parks, covering nearly 3.5% of the total area. The population of Southside in 2016 was 5737 people. By 2021 the population was 6312 showing a population growth of 10.0% in the area during that time. The predominant age group in Southside is 60-69 years. Households in Southside are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Southside work in a trades occupation.In 2021, 68.80% of the homes in Southside were owner-occupied compared with 65.00% in 2016.
Southside has 3,691 properties. Over the last 5 years, Houses in Southside have seen a 81.60% increase in median value, while Units have seen a 93.68% increase. As at 31 May 2026:
- The median value for Houses in Southside is $832,456 while the median value for Units is $518,227.
- Houses have a median rent of $625 while Units have a median rent of $455.
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