50/1848 Logan RoadUpper Mount Gravatt QLD 4122
Property Details for 50/1848 Logan Rd, Upper Mount Gravatt
50/1848 Logan Rd, Upper Mount Gravatt is a 3 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 113m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (December 2022)
This unique accommodation is primarily setup as a student accommodation facility and therefore would not be suitable for owner occupiers. However, this apartment is perfect for savvy investors looking for high yielding investments to get a good return on their money.
Owning a unit in this complex is like owning 3 units for the price of 1. Tenancies in the complex are managed by the onsite manager, each room is rented out separately currently at $200 per week, rents will be increased upon renewal of leases, as they were slightly reduced to keep tenancies in place at the height of COVID-19. This unit is the 2nd biggest unit in the complex positioned on the top floor and has managed to maintain a low vacancy rate through the pandemic, at this point all 3 rooms are currently tenanted.
This spacious two-level unit is fully furnished & complemented with air-conditioning, open plan living, sizeable, covered balcony and an internal laundry as well. Each of the bedrooms comes complete with its own bed, study desk, mirrored built-in wardrobes as well as a private en suite. 1 of the rooms has a balcony and a walk-in wardrobe, this room can command slightly higher rent than the others.
The management and facilities have been especially designed to accommodate student living, which also includes a pool and a gym/ rec room. This accommodation is an attractive hub which attracts students from Griffith University, QUT, UQ, TAFE Southbank/Mount Gravatt. The management is run very smoothly and manages to uphold a low vacancy rate with regular student intakes.
Apartment Features:
Three self-contained bedrooms each with a private ensuite
High speed internet cable connections in every room
Kitchen with all cooking facilities, fridge, and dishwasher
Hideaway laundry in the apartment
Huge entertainment balcony with pool views
High speed Wi-Fi internet access
Complex Facilities include:
Indoor gym and recreational area, including a pool table
Large outdoor swimming pool
Covered BBQ and communal entertainment area
Gated and secured complex with underground parking
On-site management caring for the site as well as tenants.
Location
20 mins from Brisbane CBD
15 minute walk to garden city shopping center
10 minute walk to local cafes, shops & restaurants
public transport to all major universities
Income and Expenses
Income approx $29,000+ p.a
Water approx $415 per quarter
Rates approx $386 per quarter
Body Corp approx $1200 per quarter
Inspection is by appointment only, at least 2 days notice will by required to inspect the property as it is currently tenanted, to arrange an inspection just call Daniel on 0434 570 490
Property History for 50/1848 Logan Rd, Upper Mount Gravatt, QLD 4122
- 22 Sep 2023Sold for $340,000
- 25 Jul 2016Listed for Sale $320,000+
- 17 Oct 2006Sold for $370,000
Recent sales nearby
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About Upper Mount Gravatt 4122
The size of Upper Mount Gravatt is approximately 4.3 square kilometres. It has 11 parks covering nearly 5.9% of total area. The population of Upper Mount Gravatt in 2016 was 9241 people. By 2021 the population was 10800 showing a population growth of 16.9% in the area during that time. The predominant age group in Upper Mount Gravatt is 20-29 years. Households in Upper Mount Gravatt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Mount Gravatt work in a professional occupation.In 2021, 51.40% of the homes in Upper Mount Gravatt were owner-occupied compared with 56.20% in 2016.
Upper Mount Gravatt has 5,570 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 95.84% increase in median value, while Units have seen a 81.85% increase. As at 31 December 2025:
- The median value for Houses in Upper Mount Gravatt is $1,297,630 while the median value for Units is $728,304.
- Houses have a median rent of $680 while Units have a median rent of $670.
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