FOR SALE
Auction

3 Fourth Avenue
Labrador QLD 4215

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Land area: 402m2
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Auction Time
Mon 27 Jan 10:00 am
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Tenanted Investment Returning $110,240 p.a. - Must Be Sold On Or Before Auction Day!

This property is situated in the highly sought after pocket of 'Chirn Park', Labrador. It is an extremely rare opportunity to purchase a property with such a strong rental return presenting a great investment opportunity.
Upon entering through the foyer on the ground floor, the first flat contains a spacious bedroom with built-in-robe, massive open plan living and dining area attached to the kitchen opening out to the covered alfresco and backyard. There is also a bathroom, laundry and a large triple secure garage with storage.
The second flat is located on the first floor, boasting four large bedrooms with built-in-robes, bathroom, separate powder room and a massive open plan living and dining area with an island benchtop all flowing out to a covered balcony with skyline views.
The third flat is located on the second floor with a kitchen, large studio style living/dining area with views of the city skyline, bedroom and ensuite. This block is fully leased for immediate returns plus the confidence of remaining a strong investment with vacancy rates at 0.7% throughout Labrador.
All this in a very quiet and private street, only moments from local schools, shopping centres, popular cafes, dining and entertaining precincts as well as several beaches only a stone's throw away. Inspect this property today, as it certainly will not last long!
Current Leases & Outgoings:
Lease 1 - $595/week till 19/05/2025 - ($30,940/year)
Lease 2 - $975/week till 19/05/2025 - ($50,700/year)
Lease 3 - $550/week till 14/04/2025 - ($28,600/year)
Council Rates - $3,450.08/year
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Property Details for 3 Fourth Ave, Labrador

3 Fourth Ave, Labrador is a 6 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 402m2. The place is currently for sale with Ray White - Prestige Gold Coast.

Building Type
House
Land Size
402m2

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About Labrador 4215

The size of Labrador is approximately 5 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2011 was 16,401 people. By 2016 the population was 18,277 showing a population growth of 11.4% in the area during that time. The predominant age group in Labrador is 20-29 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation. In 2011, 46.2% of the homes in Labrador were owner-occupied compared with 45.1% in 2016.

Labrador has 11,908 properties. Over the last 5 years, Houses in Labrador have seen a 111.16% increase in median value, while Units have seen a 101.17% increase. As at 30 November 2024:

  • The median value for Houses in Labrador is $1,092,582 while the median value for Units is $701,716.
  • Houses have a median rent of $680 while Units have a median rent of $630.
There are currently 102 properties listed for sale, and 30 properties listed for rent in Labrador on OnTheHouse. According to CoreLogic's data, 580 properties were sold in the past 12 months in Labrador.

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Jackson Paradise
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Tyler Wright
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Ray White - Prestige Gold Coast
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