11 Maurice AvenueSalisbury QLD 4107
Property Details for 11 Maurice Ave, Salisbury
11 Maurice Ave, Salisbury is a 5 bedroom, 5 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 478m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 5 bedroom House sold in Salisbury in the last 12 months.
Last Listing description (September 2024)
Hugo Alexander is pleased to offer this rare freestanding rooming house in the highly sought after suburb of Salisbury. Positive cash flow assets with 100% occupancy are typically tightly held assets. Salisbury is 9km south of the Brisbane City with easy access to quality retail, sporting grounds, employment centres and public transport.
Do not miss out on this highly prized high yield asset.
Despite being so close the CBD, this property is below the land tax threshold too.
This High set rooming home sits on a 478sqm lot and has two lock up garages for tenants. The property features a huge 6.6KW solar system is fully furnished and is fully leased. Each room has its own spacious courtyard or balcony, kitchenette, bedroom and living room, ensuite and large wardrobe. All rooms are furnished stylishly to contribute to the highest rent achievable.
Location:
8km from CBD
600m from Salisbury train station
800m from QE2 hospital
1000m from QUT Nathan Campus
800m from bus stops
Easy access to Sunnybank, Westfield Mt Gravatt, highways
Property information:
Zoning is low density residential.
Building area 212sqm net lettable area.
5 bed, 5 bath, 6 kitchen, 5 courtyard, 2 car parks
6.6KW solar, furnished
Brand new rooming house
Lot 2 on SP 290 062.
Rental income:
Currently updating leases to market rates - $430 per room x 4 and $450 for large suite, $20 per garage
The property is fully insured, certified, marketed for lease now and a top shelf cash flow property.
Tax depreciation is the highest in the residential niche.
Don't miss out on this great investment opportunity. We are holding open homes for prospective buyers.
Contact Harry Imam 0403 180 092, harry@hugoalexander.com.au for further information
Property History for 11 Maurice Ave, Salisbury, QLD 4107
- 23 Jul 2024Listed for Sale Not Disclosed
- 12 Jul 2024Sold for $1,439,000
- 07 Mar 2024Listed for Rent $265 / week
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0About Salisbury 4107
The size of Salisbury is approximately 4.6 square kilometres. It has 10 parks covering nearly 14.9% of total area. The population of Salisbury in 2011 was 6,096 people. By 2016 the population was 6,289 showing a population growth of 3.2% in the area during that time. The predominant age group in Salisbury is 30-39 years. Households in Salisbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Salisbury work in a professional occupation. In 2011, 67.8% of the homes in Salisbury were owner-occupied compared with 67.1% in 2016.
Salisbury has 3,036 properties. Over the last 5 years, Houses in Salisbury have seen a 93.03% increase in median value, while Units have seen a 70.86% increase. As at 31 July 2024:
- The median value for Houses in Salisbury is $1,094,027 while the median value for Units is $671,615.
- Houses have a median rent of $620 while Units have a median rent of $433.
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