62 Ludwick Street Cannon Hill QLD 4170

6 / 4 / 4 / 888 m2

Here you can find what you need to know about 62 Ludwick Street , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Cannon Hill, QLD and much more.

Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170
Property photo of 62 Ludwick Street Cannon Hill QLD 4170

Property Insights

62 Ludwick Street Estimated Value

$1,800,000 - $2,000,000

About Estimated Values

An automated valuation model estimate (AVM Estimate) is a statistically derived estimate of the sale or rental value (as the context requires) of the subject property. An AVM Estimate is generated (i) by a computer driven mathematical model in reliance on available data; (ii) without the physical inspection of the subject property; (iii) without taking into account market conditions which may, together or separately, affect the value.

An AVM Estimate is current only at the date of publication or supply and must not be relied upon as a professional valuation or an accurate representation of the market sale or rental value of the subject property.

CoreLogic does not warrant the accuracy, currency or completeness of the AVM Estimate and to the full extent permitted by law, CoreLogic excludes all liability for any loss or damage howsoever arising in connection with an AVM Estimate.
High confidence estimate
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Last sold for $800,000 on 13/03/2014

Sale Type: Normal Sale

Mortgage
Repayment
$1,455 pw
This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
Estimated
Rent
High confidence
Gross
Cashflow
Estimated
Gross Yield
High confidence
Natural Hazard Risk
Example Only
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Pros & Cons

Things to like
  • Above market cashflow potential
  • Cheaper than comparable properties
  • Low risk of losing value
Things to look out for
  • Slower growth than market average

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the property Cashflow Score

Each property is given a score out of 100 based on one factor relating to the specific property and one factor relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has higher than average estimated gross yield and is located in a suburb with similarly high yielding properties.

This property National
Estimated
Gross Yield
Manly, NSW National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the property Capital Growth Score

Each property is given a score out of 100 based on one factor relating to the specific property and three factors relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

This property National
Change in Property
Value (1 yr)
Manly, NSW National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the property Lower Risk Score

Each property is given a score out of 100 based on two factors relating to the specific property and three factors relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to command higher rent than average and therefore attract higher income tenants. Furthermore, it is likely to be easier to sell in the future due to strong market health indicators in the suburb it is located in.

This property National
Change in Property
Value (5 yr)
Estimated weekly
rent
Manly, NSW National
Average Days
on Market
Change in Median
Price (5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

About this Property

Details

Bedrooms 6
Bathrooms 4
Car Spaces 4
Land Size 888 m2
Floor Area 201 m2
House Type House: One Storey / Lowset
Council Area Brisbane - Balmoral
Year Built 1985
Zone RESIDENTIAL A
Lot/Plan 5/RP150438 Cannon Hill QLD
Property Type House

Last listing description (July 2021)

Development Opportunity Under Superseded Town Plan
You can have workers on the ground in 60 days.

Avoid the current increased car parking regulations requiring 65% more car parking - This unit development has DA and BA Approval for an extra storey (4 in total) also approved under superseded carparking regulations.

The current Town Plan Regulations have significantly increased the car parking requirements on LMR3 developments in Brisbane. The 1579m2 on offer at 60 & 62 Ludwick Street has both DA and BA approval (2014) incorporating superseded planning regulations which provides the opportunity to avoid stringent changes to the current regulations.

Current regulations requires increased car parking provisions for a development such as Ludwick Street from 28 to 43 spaces. Achieving the new car parking requirements would result in a lower yield of units or increased project costs for basement parking.

The details of the approved development:
- Total GFA 1828 m2
- 20 units in total
- 16 x 2 bedroom 2 bathroom (90m2 120m2)
- 2 X 1 Bedroom 1 Bathroom (68m2)
- 2 X 3 Bedroom 2 Bathroom ( 204m2-236m2)
- 28 carparks (all ground floor; 23 residents + 5 visitor)
- Penthouse 3 Bedrooms also have 2 car spaces and storage bays
- Central elevator
- Common outdoor entertaining space
- Bike Storage on lower level
- No requirement for commercial space

The current owners have already completed and paid for a local street infrastructure upgrade to ensure suitable water, storm water and sewer to cope with increased demand.

The details of the blocks:
- 28.7 metres of street frontage
- No demolition restrictions
- Both houses currently rented on periodic basis; therefore only 2 months' Notice to Leave required
- 60 Ludwick St two storey; 3 bed + 2 Bath + 2 car; fully fenced; large deck. Currently rents at $440 per week
- 62 Ludwick St two storey; 4 bed + 2 bath + 2 car; fully fenced; modern renovation downstairs; ducted air con. Currently rents at $520 per week

Less than 10 kms from the CBD, Ludwick Street is in a prime position, close to major transport hubs (Cannon Hill bus interchange along with Murarrie and Cannon Hill train stations), Southgate commercial precinct, the new East Village Development. The nearby Gateway Motorway provides fast access to the Gold and Sunshine Coasts with Brisbane Airport 10 minute drive only.

Approved under superseded regulations sites like this are hard to find. The current owners are moving on to new projects and looking for the right buyer to take on the profit from this great opportunity.

A full information memorandum is available upon request.

Property Timeline

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Suburb Insights

Cannon Hill, QLD 4170

No data available Part of: Brisbane Council

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Demographic data provided
by Australian Bureau of Statistics


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Here you can find everything you need to know about 62 Ludwick Street, including the property sale history and estimated market value as well as insights into Ludwick Street and Cannon Hill 62 Ludwick Street Cannon Hill QLD 4170