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Sold on 10 Aug 2024 for $495,000

21005/28 Merivale Street
South Brisbane QLD 4101

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
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Property Details for 21005/28 Merivale St, South Brisbane

21005/28 Merivale St, South Brisbane is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Apartment sold in South Brisbane in the last 12 months.

Building Type
Apartment
Floor Size
68m2
Local Government
Brisbane
Lot/Plan
21005/SP275470

Last Listing description (August 2024)

Located at 28 Merivale Street, Ivy & Eve enjoys convenient access to Brisbane's prominent entertainment venues such as the Convention & Exhibition Centre, Queensland Gallery of Modern Art, Queensland Performing Arts Centre, Museum & Science Centre. It is also centrally positioned near Southbank Parklands, West End, Suncorp Stadium, and Brisbane CBD. This property is all about its un-matched location so limited in Brisbane, highly desired for everyone who gains from the fantastic public transport, countless walkable bars, restaurants and cafes, as well as proximity to all the major cultural attractions.

Apartment features:
- 1 large bedroom with built in wardrobes

- Ducted Air-Conditioning throughout apartment
- Open plan living with large glass sliding door
- Kitchen features 4 burner stove & oven, full size dishwasher, pull out pantry, plenty of kitchen cupboard space
- European Laundry space
- Car space

Building features:
- level 5 recreational deck overlooking the Brisbane CBD complete with swimming pool, heated spa, outdoor cinema, Teppanyaki dining area, Pizza oven, Gym, Yoga room and Beach house play room exclusively for residents & guests to book to use.

Investors can expect a strong, year-round rental return with its short-term rental potential both in-house or with airbnb managers, as well as highly desirable location for long term tenants. There is no shortage of tenants for this building.

With the growing population and interest in Brisbane, you do not want to miss out on the value of this apartment in prime location - making a wonderful city pad to live in and an even better investment.

Rental Appraisal - $650 per week
Owner Occupied - Move in anytime
Body Corp (Admin + Sinking) - ~$4,374 per year
Rates - $506.70 per quarter

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

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Property History for 21005/28 Merivale St, South Brisbane, QLD 4101

A timeline of how this property has performed in the market
Last Sold
$495,000
10 Aug 2024
  • 10 Aug 2024
    Sold for $495,000
  • 23 Jul 2024
    Listed for Sale UNDER OFFER
  • 18 Oct 2021
    Sold for $325,000
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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 10,390 properties. Over the last 5 years, Houses in South Brisbane have seen a 51.82% increase in median value, while Units have seen a 38.95% increase. As at 31 July 2024:

  • The median value for Houses in South Brisbane is $1,375,496 while the median value for Units is $704,736.
  • Houses have a median rent of $700 while Units have a median rent of $700.
There are currently 42 properties listed for sale, and 58 properties listed for rent in South brisbane on OnTheHouse. According to CoreLogic's data, 662 properties were sold in the past 12 months in South brisbane.

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Ryan Lim & Lauren Tang
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