406/7 Chester StreetNewstead QLD 4006
Property Details for 406/7 Chester St, Newstead
406/7 Chester St, Newstead is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Newstead in the last 12 months.
Last Listing description (August 2024)
***Please scroll down to find financial information about this property***
Located in the Chester and Ella apartment building in Newstead, just a short walk to the
Gasworks and James Street precinct, this near-new apartment redefines luxury inner-city
Key Features:
- Modern designer apartment located on level 4
- Large corner unit with a 54m2 balcony with east and north views
- Two bedrooms with built-ins, separated by the living space + two bathrooms
- Light-filled, elegant open-plan living, dining, & kitchen area with timber floors
- Designer kitchen: Miele appliances, marble waterfall benches, breakfast bar
- Ducted air conditioning, ceiling fans, blinds, secure basement car space
- Concierge service: dry cleaning, car washing, bookings, cleaning, & more
- Two rooftop pools, outdoor cinema, BBQ and outdoor entertaining spaces
- Fully equipped gym, private theatre room, dining room & chef’s kitchen
- Walk to Fortitude Valley State School and New Farm State Primary School
- Walk to James Street, the Gasworks & supermarkets, restaurants, shops
- Walk to transport, close to Brisbane CBD, Chinatown, Fortitude Valley
- Currenlty vacant and ready to move in
- Rental income of approximately $820 to $850 Per Week
Best suited for:
Professionals looking for a modern ready to move in unit close to the CBD or investors wanting a quality property to add to their portfolio.
Council: $480.95 approx. per quarter
Water: $230 approx. per quarter (excluding water usage)
Strata: $1692 apppox. per quarter
Total In Sinking Fund: $1,046,971.28
Please contact Peggy on 0404 880 777 for more information.
Property History for 406/7 Chester St, Newstead, QLD 4006
- 02 Aug 2024Sold for $875,000
- 25 Jul 2024Listed for Sale SOLD BY PEGGY LIU
- 09 Aug 2019Sold for $725,000
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About Newstead 4006
The size of Newstead is approximately 0.9 square kilometres. It has 3 parks covering nearly 8.2% of total area. The population of Newstead in 2011 was 836 people. By 2016 the population was 2,204 showing a population growth of 163.6% in the area during that time. The predominant age group in Newstead is 20-29 years. Households in Newstead are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 46.6% of the homes in Newstead were owner-occupied compared with 37.6% in 2016.
Newstead has 5,694 properties. Over the last 5 years, Houses in Newstead have seen a -48.76% decrease in median value, while Units have seen a 38.42% increase. As at 31 July 2024:
- The median value for Houses in Newstead is $475,776 while the median value for Units is $771,858.
- Houses have a median rent of $775 while Units have a median rent of $750.
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