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176 Richardson Rd, Park Avenue$759,000
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For Saleapartment

176 Richardson Rd

Park Avenue, QLD 4701, Australia
$759,000
4 bed 2 bath 2 car655 m²

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About this property

RentBetter Property ID: 421262 (quote when calling) This renovated, modern, wellmaintained duplex (two units) presents a strong opportunity for investors seeking a quality property that delivers both liveability and reliable longterm returns. Positioned on a fully fenced 655sqm block in a floodfree location, the property offers a wellconsidered layout, solid presentation, and the kind of features that continue to attract and retain good tenants. Each unit has been designed for comfortable, lowmaintenance living, comprising two standardsized bedrooms, with the main bedroom fitted with builtin wardrobes, and a generously sized office that adds flexibility for working from home or additional internal space. The openplan living and kitchen areas are practical and functional, creating easy, everyday living spaces that suit a wide range of occupants. Bathrooms are centrally located and include a separate toilet, enhancing convenience for longterm use. Airconditioning is well catered for across the duplex, supporting tenant comfort and ongoing appeal. Unit 1 is fitted with airconditioning to both bedrooms, providing flexibility and comfort across different seasonal needs, while Unit 2 includes airconditioning in the main bedroom as well as the living area Externally, each unit enjoys its own private yard with side access, a covered rear patio, and a private clothesline, offering practical outdoor living without the burden of intensive upkeep. Secure, lockable garden sheds provide additional storage, while the full fencing and separation between units enhance privacy, functionality, and ease of tenancy management. The property is currently tenanted by reliable, tidy occupants, allowing an incoming buyer to benefit from immediate income while also demonstrating the property's practicality and desirability. With its modern condition, sensible design, and location outside flood zones, this duplex offers a wellrounded investment that balances ease of ownership with longterm value. Available via private sale, this duplex offers investors the opportunity to secure a highquality, incomeproducing property without the uncertainty of an open market campaign. The sale process allows for genuine, informed negotiation, making it particularly well suited to buyers who understand the value of an already tenanted asset with strong fundamentals in place. With reliable occupants, modern construction, and a proven layout that appeals to longterm tenants, this property delivers immediate returns from day one. The vendor is seeking a straightforward, transparent transaction with a buyer focused on longterm performance rather than speculation. This creates an ideal opportunity for investors looking to add a stable, lowmaintenance asset to their portfolio in a desirable area. Inspections and further financial details are available on request, with the flexibility of a private sale ensuring a smoother, more efficient acquisition for the right buyer. Viewing property by appointment only.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
4
Bathrooms
2
Parking
2
Land Area
655 m²
Listed
3 months ago

Repayment calculator

$3,680/month
$1,840 /fortnight
Loan $607,200 at 6.10% over 30 years

Upfront costs

Deposit$151,800
Stamp duty$27,180
Conveyancing (est.)$2,000
Total upfront$180,980
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Park Avenue

This 4-bedroom apartment in Park Avenue, QLD 4701 sits within reach of public transport, local shops and nearby schools. It is listed 29% above the $590,000 median of 58 comparable apartmentswithin 5 km.

Schools near Park Avenue

  • Park Avenue State Schoolprimary · Prep-6 · CoEd
  • Emmaus Collegesecondary · 7-12 · CoEd

What's nearby

  • Unnamed (bus)813 m away
  • Unnamed785 m away
  • Underwood Park316 m away
  • Church Park491 m away
  • Carara Park828 m away

Park Avenue at a glance

Full suburb profile
Population
5,292
Median age
36
Household income
$1,281/wk
Median rent
$260/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Park Avenue price trend

Median sold · House 4 bed

Compound growth +14.4% / yr over 4 yrs

$557kcurrent median

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Full Park Avenue market

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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