29 Marne RoadAlbion QLD 4010
Property Details for 29 Marne Rd, Albion
29 Marne Rd, Albion is a 0 bedroom, 0 bathroom Unit with 5 parking spaces and was built in 1980. The property has a land size of 814m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (November 2021)
Only 5kms from the CBD with access to nearby public transport, major roads and local amenities, this property is just waiting for a savvy investor to make full use of its potential.
All six apartments are well sized for studios, with each including a spacious bedroom/living space and separate kitchen/dining, along with a tidy bathroom. Some of the apartments incorporate original features of the property such as VJ walls and hardwood floors.
Carports and separate laundries for each studio are located under the property, along with a large storage area.
The property offers plenty of potential for development that will help you maximise your investment. Renovate the existing structure to something more suiting your preferences or take full advantage of the large block size to knock down and replace with brand new units/townhouses, there is currently a DA (Development Application) for five townhouses - the choice is yours! The existing studio apartments with their high rental yields are a great source of income while you plan your next move thanks to the excellent location - proximity to major roads and public transport ensures you'll always have tenants looking to move in.
The Albion location provides access to excellent features in the surrounding area. Lutwyche Shopping Centre is a few streets away, while main road access puts shopping, dining and bars in Albion, Clayfield and Chermside within easy reach. Nearby Albion and Wooloowin stations combine with Lutwyche and Sandgate roads to ensure quick travel into the city and out of town. The property's close proximity to nearby schools is an additional reason to consider development in order to capture a large new tenant base.
This is a fantastic opportunity for investors looking to make their mark in Brisbane. Turn this into your Place by calling today!
** Disclaimer**
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.
Property History for 29 Marne Rd, Albion, QLD 4010
- 08 Oct 2021Sold for $1,535,000
- 14 Sep 2021Listed for Sale UNDER CONTRACT
- 04 Jun 2021Listed for Rent - Price not available
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About Albion 4010
The size of Albion is approximately 1.4 square kilometres. It has 6 parks covering nearly 22.1% of total area. The population of Albion in 2011 was 1,986 people. By 2016 the population was 2,290 showing a population growth of 15.3% in the area during that time. The predominant age group in Albion is 20-29 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation. In 2011, 47.4% of the homes in Albion were owner-occupied compared with 37.5% in 2016.
Albion has 2,435 properties. Over the last 5 years, Houses in Albion have seen a 53.15% increase in median value, while Units have seen a 69.78% increase. As at 31 October 2024:
- The median value for Houses in Albion is $1,277,626 while the median value for Units is $690,026.
- Houses have a median rent of $650 while Units have a median rent of $580.
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