FOR SALE
Offers Over $2,800,000

1-4/135 Racecourse Road
Ascot QLD 4007

Bedrooms: 8
Bathrooms: 4
Car spaces: 8
Land area: 614m2
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ASCOT GEM - HOLDING INCOME - DEVELOPMENT POTENTIAL

ON SEPARATE TITLES WE OFFER THIS 4 X 2 BEDROOM UNIT BLOCK SITUATED ON COVETED RACECOURSE ROAD OFFERING THE ASTUTE INVESTOR THE FLEXIBILITY OF FURTHER DEVELOPMENT OF THE SITE OR HOLDING THE ASSET TO REAP SUBSTANTIAL CAPITAL GAIN. CIRCA 1975 WITH A LAND HOLDING OF 614 SQM THE PROPERTY IS RETURNING A MODEST $83,720.00 PA WITH POTENTIAL EARNINGS OF OVER $104,000.00 PA (RENTAL APPRAISAL AVAILABLE). Each unit has two bedrooms, large living rooms, ample kitchen & bathrooms and advantaged by balconies and lock up garages. Being prime real estate the property is situated along leafy Racecourse Road with its cafe's and retail outlets and is within minute access of the Portside Wharf and the CBD of Brisbane. Information Memorandum available by request. Enquiries and viewing arrangements with Andrew Sim 0426 582 818

Property Details for 1-4/135 Racecourse Rd, Ascot

1-4/135 Racecourse Rd, Ascot is a 8 bedroom, 4 bathroom BlockOfUnits with 8 parking spaces. The property has a land size of 614m2. The place is currently for sale with Ray White Redcliffe.

Building Type
BlockOfUnits
Land Size
614m2

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About Ascot 4007

The size of Ascot is approximately 2.8 square kilometres. It has 7 parks covering nearly 34.1% of total area. The population of Ascot in 2011 was 5,730 people. By 2016 the population was 5,760 showing a population growth of 0.5% in the area during that time. The predominant age group in Ascot is 40-49 years. Households in Ascot are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ascot work in a professional occupation. In 2011, 54.7% of the homes in Ascot were owner-occupied compared with 54.7% in 2016.

Ascot has 3,545 properties. Over the last 5 years, Houses in Ascot have seen a 66.22% increase in median value, while Units have seen a 57.26% increase. As at 31 August 2024:

  • The median value for Houses in Ascot is $2,312,161 while the median value for Units is $717,489.
  • Houses have a median rent of $1,120 while Units have a median rent of $560.
There are currently 27 properties listed for sale, and 20 properties listed for rent in Ascot on OnTheHouse. According to CoreLogic's data, 193 properties were sold in the past 12 months in Ascot.

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Andrew Sim
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