FOR SALE
Offers Over $720K- DUAL LIVING

109 Velorum Drive
Kingston QLD 4114

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Land area: 662m2
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7%+ rental yield awaits with this DA approved home!

You know what they say about the disadvantages of owning multiple investment properties… they all come with their own set of fees! Now is your chance to buy ONE home that gives you TWO incomes with only one set of fees!
Sick of driving kids to school? At 109 Velorum they can walk!
Wish you could live in a suburbia that feels like living in the countryside? 109 Velorum sits in the middle of lots of parklands!
Fighting with your teen about gaming too loud? 109 Velorum has a second living room!
Struggling to get into the market with your solo income? At 109 Velorum you can buy in cheap when buying with friends or parents & still keep your privacy!
Historical figures:
FY 22-23 tenanted as two flats for $720 per week combined rental income
FY 23-24 tenanted as a single-family home at $625 per week
FY 23-24 building insurance $1470.70
Oct- Dec'24 council rates $572.43
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Property Details for 109 Velorum Dr, Kingston

109 Velorum Dr, Kingston is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 662m2. The place is currently for sale with Ray White Sandgate.

Building Type
House
Land Size
662m2

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About Kingston 4114

The size of Kingston is approximately 6.7 square kilometres. It has 30 parks covering nearly 17.2% of total area. The population of Kingston in 2011 was 10,183 people. By 2016 the population was 10,538 showing a population growth of 3.5% in the area during that time. The predominant age group in Kingston is 20-29 years. Households in Kingston are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kingston work in a labourer occupation. In 2011, 51.4% of the homes in Kingston were owner-occupied compared with 47.5% in 2016.

Kingston has 4,141 properties. Over the last 5 years, Houses in Kingston have seen a 130.29% increase in median value, while Units have seen a 91.47% increase. As at 31 October 2024:

  • The median value for Houses in Kingston is $655,293 while the median value for Units is $475,257.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 25 properties listed for sale, and 20 properties listed for rent in Kingston on OnTheHouse. According to CoreLogic's data, 172 properties were sold in the past 12 months in Kingston.

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Kristel Koidu
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Ray White Sandgate
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