Generous Living or Generous Return? - Approx 5.4% pa Rental Yield*

This spacious double-storey townhouse with 3 bedrooms, 2.5 bathrooms, and a 1-car lock-up garage (plus private driveway parking and shared visitor parking) is ideal for buyers seeking a low-maintenance home or for savvy investors. The useable area is 132m² on an approximate parcel of 144m² within the securely gated community complex of Waterford Park. It offers the benefits of an onsite caretaker and property manager. Boasting a communal in-ground pool, you can enjoy security as well as summer fun without the upkeep! It is also conveniently located within walking distance of Loganlea train station (next door!) for an easy commute to the CBD, 2 minutes to Logan Hospital, and 5 minutes to retail shops. Close to Griffith University and the Ipswich Motorway, making easy connections to the west side.<br/><br/>Inside on the ground level, there is a spacious tiled living and dining area, and two ceiling fans and air conditioning will also help to minimise the heat. In winter, it's as simple as adding a few rugs to cosy things up. <br/><br/>The light-filled kitchen has a dishwasher, electric cooktop, a pantry, room for a big fridge and lots of Caesarstone benchtop space. There is also a separate toilet and separate laundry on this level that opens to the roomy backyard. <br/><br/>Walking up the carpeted stairs to the 2nd level, you'll find the main family bathroom with a bath over shower, vanity, and a toilet. There are 3 good-sized bedrooms, 2 have built-in wardrobes, and the sizeable master has a walk-in, air conditioning and an ensuite with a toilet and a shower. It also has a private balcony. There are 2 storage cabinets on this level which provide very handy storage. <br/><br/>Outside, the paved courtyard provides low maintenance, a water tank and plenty of room to add all the BBQ essentials, and high fencing for privacy. <br/><br/>Tenancy: This property is tenanted with long-term tenants until 23 May 2024. The rental income is $460 per week with the current tenancy. <br/>Body Corporate: The strata/ body corporate fee includes building insurance, sinking fund, swimming pool and grounds maintenance for $97 per week.<br/>Logan City Rates: Logan city council rates are circa $950 a quarter and include water.<br/>Pet applications are through the Body Corporate for approval.<br/><br/>Location, Location!<br/>It is close to Logan hospital, Loganlea train station and Bus public transport right outside the complex. The nearby schools and education centres include Loganlea State School, Canterbury College, Griffith University Logan Campus, and TAFE Queensland Loganlea. For shopping there is Meadowbrook shops which is 5 mins away and 10 mins to Hyperdome shopping centre. <br/><br/>PROPERTY FEATURES:<br/>+ Security in gated community complex.<br/>+ Sizeable 3 bedrooms, 2.5-bathrooms and a 1-car lock-up garage with usable area of 132m2 <br/>+ Kitchen, toilet, laundry and open plan living/dining area with AC on the ground floor.<br/>+ A family bathroom and 3 bedrooms on the second floor with built-in wardrobes.<br/>+ Master bedroom with an ensuite and private balcony.<br/>+ Storage cabinets.<br/>+ Water tank.<br/>+ Spacious Courtyard and privacy fencing.<br/>+ Great location within easy reach of schools, parks, retail shops, university, Loganlea train station, Logan hospital, Ipswich motorway and M1 motorway.<br/><br/>This is a great opportunity to acquire a spacious townhome in a versatile location within a well maintained complex. Properties like these are popular and will be snapped up if you wait. Come to the open home and make your offer to avoid missing out. Hurry!<br/>PS: * Approximate Rental Yield of 5.4% pa is calculated based on the rental income of $460 pw x 52 weeks.<br/><br/>Disclaimer: All information contained herewith, including but not limited to the general property description, price, and the address, is provided to Ray White Springwood & Shailer Park by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.