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Lenore Crescent, Springwood$1.38m
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Lenore Crescent

Springwood, QLD 4127, Australia
$1.38m
640 m²

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About this property

640m2 of land in low-medium density apartments precinct! Springwood CBD is definitely one of the sought-after location in the South of Brisbane region, sitting on Logan Council right on the edge of Brisbane Council. With the arrival of the Busway Station near Woolworths (under 5 minutes from your future apartment building), hop-on the bus at Springwood, hop-off 25 minutes later in the Centre of Brisbane. If you prefer to drive, the access to the Pacific Highway is only under 2 minutes away. This 640m2 land is zoned "low to medium density apartments precinct" by the logan City Council, density of 75 dwelling per hectare (=75 dwelling per 10,000m2). So for your information, here is how to calculate how many apartments allowed for this zoning: 1 apartment of 1 bedroom = 0.5 dwelling 1 apartment of 2 bedroom = 0.7 dwelling 1 apartment of 3 bedroom and more = 1 dwelling 75 dwelling for 10,000 m2 = 4.8 dwellings for 640 m2 So for 640m2, 5 dwellings is acceptable. In clear, for example you could have either of the following: 1. 5 x massive apartments (3 bedrooms and more) = 5 x 1 = 5 dwellings 2. or for example 7 apartments of 2 bedrooms = 7 x 0.7 = 4.9 dwellings 3. or 10 apartments of 1 bedroom for students or short terms accomodations such Airbnb etc = 10 x 0.5 = 5 dwellings The choice is all yours. The beautiful apartment building you see as photos was designed for 5 businessmen (all friends) who wanted to have their respective families in a safe environment, with entertainment such as swimming pool, gym etc on the roof top, and secured parking/access on ground floor. They did travel a lot, and wanted a safe place for peace of mind. The project never concretised, as they moved to different states, they were lawyers, heart specialists and one architect. The projected building was for 14 residents parking plus 2 visitors parking on ground floor, 2 apartments of 4bed/3bath on level 1 and same on level 2, and the 3rd floor was a large apartment with an architecture home office attached. So total was 5 massive apartments plus Home Office, and a common entertainment area on the roof top (Gym, BBQ area, Sauna, Salt water swimming pool). -Under 5 minutes walk to shops and busway station, Restaurants and School. -Two minutes away from Pacific Highway (to the Gold Coast, to Brisbane CBD, to airport terminals) Call Merinda Kim on 0437 643 181 or Reg on 0412 976 122, for a site visit.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
640 m²
Listed
3 weeks ago

Repayment calculator

$6,666/month
$3,333 /fortnight
Loan $1,100,000 at 6.10% over 30 years

Upfront costs

Deposit$275,000
Stamp duty$59,588
Conveyancing (est.)$2,000
Total upfront$336,588
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 Springwood

This land in Springwood, QLD 4127 sits within reach of public transport, local shops and nearby schools. It is listed 21% above the $1.14m median of 66 comparable landswithin 5 km.

Schools near Springwood

  • Calvary Christian Collegeprimary · Prep-12 · CoEd
  • Chatswood Hills State Schoolprimary · Prep-6 · CoEd
  • Springwood Central State Schoolprimary · Prep-6 · CoEd
  • Arethusa College - Springwood Campussecondary
  • Springwood State High Schoolsecondary · 7-12 · CoEd

What's nearby

  • Springwood Community Centre (bus)317 m away
  • Target396 m away
  • Thornhill Park95 m away
  • Lisbeth Park429 m away
  • Springwood Park492 m away

Springwood at a glance

Full suburb profile
Population
9,710
Median age
40
Household income
$1,736/wk
Median rent
$380/wk
Median mortgage
$1,733/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Springwood price trend

Median sold · House 3 bed

Compound growth +9.9% / yr over 4 yrs

$985kcurrent median

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