SOLD
RECENT ADVICE
Sold on 04 Sep 2024 for $580,000

506A/391 Wickham Terrace
Spring Hill QLD 4000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 46m2
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Property Details for 506a/391 Wickham Tce, Spring Hill

506a/391 Wickham Tce, Spring Hill is a 1 bedroom, 1 bathroom Unit and was built in 1972. The property has a land size of 46m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Spring Hill in the last 12 months.

Building Type
Unit
Year Built
1972
Land Size
46m2
Local Government
Brisbane

Last Listing description (October 2024)

Currently returning $990 per week, these top-floor, dual-key studio apartments offer an outstanding investment opportunity for investors.

The property is also perfect for first-time home buyers, where you can live in one unit and rent out the other for extra income.

Property Highlights:

Two modern studio apartments offering a perfect fusion of comfort, convenience, and accessibility with ample natural light and expansive views across the Spring Hill rooftops.

Includes contemporary furniture, kitchen appliances, (induction cooktop, cookware, kettle, toaster, utensils, crockery), double bed with gas lift storage, pillows, and linen.
Laundry includes washing machine, Dryer and Vacuum cleaner

Newly renovated with fresh, contemporary interior with stylish dcor create a welcoming and visually appealing space.

Directly across from Roma Street Parklands, offering outdoor recreation opportunities and steps away from the free Spring Hill Loop bus, providing easy access to the city and just minutes walk to the Brisbane city center.

Key Features:
Transport: Free Spring Hill Loop bus departs from your doorstep every 10 minutes during the week and operates 7 days a week, ensuring effortless city access.
Walkability: Only a 10-minute walk to the city center, ideal for those who prefer walking or cycling.
Natural Light: Large openable windows ensure a bright and airy living space.
Kitchenette: Each unit includes a well-equipped kitchenette with essential appliances and ample storage.
Bathrooms: Two private bathrooms with modern fixtures, storage and showers.
Storage: Each unit has built-in wardrobes, double bed gas lift storage base, bathroom vanity and mirror cabinet storage and a lockable laundry storage cabinet.

Additional Amenities:
- Air conditioning
- Secure building entry
- Shared entry and laundry with the other unit

Body Corp: $1,866 per quarter
BCC Rates: $480 per quarter
Water: $300 approx. per quarter

Rent Return:
Unit 506 is rented for $520 per week - can be extended to 24 March 2025
Unit 506a is rented for $470 per week - can be extended to 24 March 2025

Dont miss out! Schedule a viewing today and make this urban sanctuary your new investment!

Property History for 506a/391 Wickham Tce, Spring Hill, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$580,000
04 Sep 2024
Listed for Rent
$470/w
18 Sep 2024
  • 04 Sep 2024
    Sold for $580,000
  • 29 Aug 2024
    Listed for Rent $470 / week
  • 24 Jun 2024
    Listed for Sale Under Contract
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About Spring Hill 4000

The size of Spring Hill is approximately 1.3 square kilometres. It has 7 parks covering nearly 19.6% of total area. The population of Spring Hill in 2011 was 5,258 people. By 2016 the population was 5,958 showing a population growth of 13.3% in the area during that time. The predominant age group in Spring Hill is 20-29 years. Households in Spring Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spring Hill work in a professional occupation. In 2011, 29.6% of the homes in Spring Hill were owner-occupied compared with 29.9% in 2016.

Spring Hill has 5,384 properties. Over the last 5 years, Houses in Spring Hill have seen a 51.64% increase in median value, while Units have seen a 58.45% increase. As at 30 September 2024:

  • The median value for Houses in Spring Hill is $1,421,331 while the median value for Units is $541,420.
  • Houses have a median rent of $685 while Units have a median rent of $600.
There are currently 37 properties listed for sale, and 62 properties listed for rent in Spring hill on OnTheHouse. According to CoreLogic's data, 334 properties were sold in the past 12 months in Spring hill.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.