FOR SALE
$2 200 000

187 Vulture Street
South Brisbane QLD 4101

Bedrooms: 7
Bathrooms: 4
Car spaces: 4
Land area: 476m2
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Art Deco Block of Units

**This property is currently under contract**
We are offering for sale, 4 self-contained units in a prime investment location in 4101.
This property is a two-level building on 476m² consisting of 3 x 2 bedrooms & 1 x 1 bedroom flats. Car accommodation is available at the rear of the property.
Internally the Art Deco units are well maintained, all with modern kitchens, timber flooring and spacious living areas.
Investment options include:
* Extending the building to create more living areas subject to BCC approval,
* As an investment simply sit back and collect the rent,
* Possibly moving in one or combine two flats to reside and continue collecting the rent from the rest.
The units in this property are always in high demand and current rental income is $96200 pa.
The property is in an unbeatable location:
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Property Details for 187 Vulture St, South Brisbane

187 Vulture St, South Brisbane is a 7 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 476m2. The place is currently for sale with Drakos Real Estate West End.

Building Type
BlockOfUnits
Land Size
476m2

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About South Brisbane 4101

The size of South Brisbane is approximately 2.3 square kilometres. It has 14 parks covering nearly 12.6% of total area. The population of South Brisbane in 2011 was 5,416 people. By 2016 the population was 7,179 showing a population growth of 32.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation. In 2011, 32.8% of the homes in South Brisbane were owner-occupied compared with 29.6% in 2016.

South Brisbane has 10,235 properties. Over the last 5 years, Houses in South Brisbane have seen a 55.41% increase in median value, while Units have seen a 47.66% increase. As at 31 October 2024:

  • The median value for Houses in South Brisbane is $1,601,446 while the median value for Units is $717,255.
  • Houses have a median rent of $680 while Units have a median rent of $750.
There are currently 47 properties listed for sale, and 53 properties listed for rent in South brisbane on OnTheHouse. According to CoreLogic's data, 651 properties were sold in the past 12 months in South brisbane.

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Suburb Insights for South Brisbane 4101

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Chris Kazonis
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Emanuel Kazonis
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Drakos Real Estate West End
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