OFF MARKET

1 Wellington Street
Brassall QLD 4305

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 183m2
Land area: 3400m2
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Property Details for 1 Wellington St, Brassall

Building Type
Commercial
Year Built
2003
Floor Size
183m2
Land Size
3400m2
Local Government
Ipswich
Lot/Plan
1/SP153245

Last Listing description (September 2024)

These two beautiful units are on one title tucked away in the heart of Brassall. A community within itself, this retirement village is in a prime location and booming with activity.

Each unit has a good sized open plan living and one large bedroom, with ceiling fan and built in robe. This compact property has a lovely covered patio to sit out on and enjoy your garden and surrounds.

Perfect for the Investor, offering rent return plus. Currently rented at $290 per week each (total $580/week) Gross return over 13% and around 9% net.

- Two 1-Bedroom Units
- 24/7 onsite manager
- Security screens, air conditioning and ceiling fans
- Under cover front and back patio
- Riverside living with relaxing walking tracks
- Small pet friendly policy- subject to BC approval, community BBQ area
- Shops, doctor, dentist, banks, parklands all 5 minutes walk

Community Bus takes residents to two local shopping centres on alternating weeks, you will have all the attention and care you are deserving of!

Body corp fees (1 lot): $1680.12/quarter
BCC rates (1 lot): $496.10/quarter
Water (1 lot): $283.92/quarter
Management fee: negotiable 8%

For inspections, please contact agent details below(Listing ID: 21101030 )

Property History for 1 Wellington St, Brassall, QLD 4305

A timeline of how this property has performed in the market
Listed for Rent
$290/w
31 Oct 2023
  • 19 Jul 2023
    Listed for Rent $300 / week
  • 09 Jun 2023
    Listed for Sale Not Disclosed
  • 05 Mar 2023
    Listed for Rent $300 / week
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About Brassall 4305

The size of Brassall is approximately 8.2 square kilometres. It has 18 parks covering nearly 9.3% of total area. The population of Brassall in 2011 was 9,245 people. By 2016 the population was 10,902 showing a population growth of 17.9% in the area during that time. The predominant age group in Brassall is 20-29 years. Households in Brassall are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Brassall work in a trades occupation. In 2011, 56.1% of the homes in Brassall were owner-occupied compared with 50.5% in 2016.

Brassall has 5,702 properties. Over the last 5 years, Houses in Brassall have seen a 88.09% increase in median value, while Units have seen a 45.69% increase. As at 30 September 2024:

  • The median value for Houses in Brassall is $676,158 while the median value for Units is $372,775.
  • Houses have a median rent of $500 while Units have a median rent of $428.
There are currently 41 properties listed for sale, and 9 properties listed for rent in Brassall on OnTheHouse. According to CoreLogic's data, 355 properties were sold in the past 12 months in Brassall.

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Disclaimer
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.