Lot 1078 - ROOMING -Ormiston- Ormiston

Description

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Ormiston is a coastal suburb located in the City of Redland, Queensland, approximately 25 kilometers east of Brisbane's central business district. Known for its leafy streets and unhurried lifestyle, Ormiston offers residents ample open spaces and sporting fields. A notable attraction is the historic Ormiston House, built in the 1860s by Captain Louis Hope, recognized as the father of the Australian commercial sugar industry. The house is surrounded by 14 acres of gardens overlooking Moreton Bay and is considered one of the finest examples of colonial architecture in Queensland.

For shopping needs, residents have access to a local shopping center at 116 Wellington Street, with larger retail options available in nearby Cleveland and Alexandra Hills. The suburb is also home to reputable educational institutions, including Ormiston College, a private school, and Ormiston State School

Ormiston's flat terrain makes it ideal for walking and cycling, and it is regarded as one of the safest suburbs in the Redlands, making it an attractive place for families.

In July 2024, Ormiston College's Centre of Learning and Innovation suffered significant damage due to a suspected arson attack. The incident primarily affected the kitchen and café area, but no injuries were reported. The college implemented alternative arrangements to ensure the continuation of educational activities

Overall, Ormiston combines historical significance with modern amenities, offering a pleasant and secure environment for its residents.

• Property Type: House and LandCashflow Positive
• Property Stage: N/A
• Price: $ 1,308,492.00
• Land Price: $ 700,000.00
• Build Price: $ 608,492.00
• Beds: 5
• Bath: 5
• Garage: 3
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: 5
• Floor Plan: Moreton
• Completion: N/A
• Land Size: 405
• Area Size: 200.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 2150.00
• Est. Body Corp.: N/A
• Title Status: Registered
• Gross Per Week: $ 2,150.00
• Gross Per Annum: $ 111,800.00
• Gross Yield: 8.54%
• Capital Growth 12 Months: 12.51%
• Capital Growth 10 Year Annualised: 7.28%
• Vacancy Rate: 1.10%