14 Spruce Street, Loganlea, Qld 4131 - More Details
Contact Agent - Priced to Sell!
Positioned in a quiet and convenient location, this 7-year-old dual-living property on a 469m² block presents an excellent opportunity for homeowners, extended families and investors alike.
Offering two separate residences, each with its own electricity meter and sub-water meter, this property provides the flexibility to live comfortably while generating additional rental income, or to secure two separate rental incomes from one investment.
Being an astute buyer, you’ll appreciate the durability of this STEEL FRAMED CONSTRUCTION with a SOLID BRICK exterior. Many providers lower insurance premiums for steel buildings due to their high resistance to fire and extreme weather. STEEL FRAMED BUILDINGS DO NOT ROT, WARP OR FALL VICTIM TO TERMITES, THUS REDUCING FUTURE REPAIR BILLS.
- Ideal for Owner-Occupiers
This versatile property is perfect for families looking for flexible living arrangements, including:
• Multiple generations living under one roof, while still enjoying two separate and private living spaces.
• Live in one residence and rent out the other, providing an opportunity to reduce your holding costs while retaining the property as a long-term investment.
• Both residences are currently occupied by excellent tenants who have taken great care of the property and are keen to continue with long-term leases, providing an attractive option for an owner looking for an investment with established tenants.
- Attractive Investment Opportunity
For investors, the property offers the potential to generate income from both residences, with the current combined rental income of $900 per week and recent rental appraisals indicating potential combined rental income of approximately $1,070–$1,110 per week, subject to market conditions and tenancy arrangements.
Both tenants have demonstrated a strong rental history and take pride in maintaining their respective residence.
14/1 Spruce Street, Loganlea
Spacious 3-Bedroom Residence
• Large master bedroom with ensuite and built-in robe
• Two additional built-in bedrooms
• Main bathroom with combined toilet
• Spacious open-plan living and dining area
• Modern kitchen with ample cupboard and bench space
• Stainless-steel appliances
• Covered patio providing a great outdoor living area
• Low-maintenance yard
• Single lock-up remote garage with internal access
• Currently rented for $500 per week
• New rental appraisal: $600–$620 per week
2/14 Spruce Street, Loganlea
Comfortable 2-Bedroom Residence
• Two good-sized built-in bedrooms
• Comfortable lounge room with air conditioning
• Modern bathroom with toilet
• Well-appointed kitchen with plenty of cupboard space
• Stainless-steel appliances
• Private courtyard for outdoor enjoyment
• Single remote lock-up garage with internal access
• Currently rented for $400 per week
• New rental appraisal: $470–$490 per week
Convenient Location
Ideally positioned between Brisbane and the Gold Coast, this property is close to a range of shopping, transport, education and healthcare facilities, including:
• Logan Hyperdome, Shailer Park – approximately 10 minutes
• Waterford Plaza – approximately 4 minutes
• Loganlea Train Station
• Loganlea State High School
• Logan Hospital – approximately 3 minutes
• Griffith University Logan Campus – approximately 5 minutes
• Canterbury College – approximately 7 minutes
• John Paul College – approximately 6 minutes
• Gold Coast – approximately 40 minutes
• Brisbane CBD – approximately 24 minutes
No Body Corporate Fees
With no body corporate fees, this property offers an additional advantage for both homeowners and investors, potentially helping to keep ongoing ownership costs lower.
Whether you're looking for a flexible home for your extended family, an opportunity to live in one residence while receiving rental income from the other, or an investment with two income streams, this unique dual-living property deserves your attention.
Opportunities like this are becoming increasingly difficult to find. Don't miss your chance to inspect this versatile property and explore its potential.
Contact us today to arrange your inspection.
Disclaimer - All information contained herein is gathered from sources we consider to be reliable. However, we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries
- Type
- Duplex Semi-detached
- Bedrooms
- 5
- Bathrooms
- 3
- Parkings
- 2
- Area
- 469 m²
