OFF MARKET

20 Musgrave Terrace
Alderley QLD 4051

Bedrooms: 15
Bathrooms: 10
Car spaces: 8
Land area: 1012m2
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Property Details for 20 Musgrave Tce, Alderley

20 Musgrave Tce, Alderley is a 15 bedroom, 10 bathroom Unit with 8 parking spaces and was built in 2005. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in September 2019.

Building Type
Unit
Year Built
2005
Land Size
1012m2
Local Government
Brisbane
Lot/Plan
38/RP20288

Last Listing description (May 2019)

Investors, small scale developers, and self-managed super funds are encouraged to inspect the Terraces on Musgrave complex in a desirable pocket of near city Alderley. The complex contains five townhouses over 1012m2, all one title, and will be sold in one line. Whether you are an investor or looking to land bank for the future, this complex of contemporary townhouses are worthy of your inspection.
The owners are committed to selling and this property will be sold. For an unbeatable investment opportunity, ensure you inspect this weekend or contact George or Max Hadgelias for further information!
Features include:

* A well-maintained complex in a desirable and convenient pocket of Alderley;
* All townhouses are tenanted, with current rental returns at $2245 / week;
* Each townhouse includes three bedrooms, two bathrooms, and garaging;
* Opportunity to have the property converted to strata titles in the future.
Units 1, 2, and 3 share the same single-storey layout, with the living and dining on the same level as the bedrooms - ideal for young families who need to supervise younger family members. Units 4 and 5 are split over two levels, to provide privacy and separation for professional couples or older families.
The five townhouses offer generously proportioned combined living and dining areas, including glossy tiled floors and air-conditioning for your comfort. The modern kitchen overlooks the living space with stone benchtops, breakfast bar, and suite of stainless steel appliances to ensure easy catering for family and friends. The living area opens directly onto a large balcony with leafy local views, perfect for entertaining. In every townhome, the three bedrooms are queen-sized, each with built-in storage and carpet. The master bedroom boasts an ensuite, while the other bedrooms are serviced by a large main bathroom.
If, down the track, you would like to sell one or more of the townhouses, the current owners have prepared pricing to have the townhomes strata titled and create a body corporate. The perfect fusion of convenience and lifestyle is on offer at 20 Musgrave Terrace, ensuring strong tenant demand. Alderley has been revitalised with a recently redeveloped shopping precinct and updated railway station. The Banks Street reserve is a short walk away, giving you access to hectares of natural bushland while remaining a stone's throw from the city centre. You can look forward to combining quiet suburban living, with an inner-city lifestyle.

Property History for 20 Musgrave Tce, Alderley, QLD 4051

A timeline of how this property has performed in the market
Last Sold
$2,320,000
12 Sep 2019
Listed for Rent
$440/w
15 Jun 2010
  • 12 Sep 2019
    Sold for $2,320,000
  • 25 Sep 2018
    Listed for Sale $2,495,000
  • 27 Nov 2017
    Listed for Sale Offers over $2,550,000
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About Alderley 4051

The size of Alderley is approximately 2.5 square kilometres. It has 11 parks covering nearly 26.2% of total area. The population of Alderley in 2011 was 5,680 people. By 2016 the population was 6,108 showing a population growth of 7.5% in the area during that time. The predominant age group in Alderley is 20-29 years. Households in Alderley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Alderley work in a professional occupation. In 2011, 58.1% of the homes in Alderley were owner-occupied compared with 56.2% in 2016.

Alderley has 3,381 properties. Over the last 5 years, Houses in Alderley have seen a 71.78% increase in median value, while Units have seen a 82.09% increase. As at 30 September 2024:

  • The median value for Houses in Alderley is $1,447,147 while the median value for Units is $685,437.
  • Houses have a median rent of $650 while Units have a median rent of $545.
There are currently 12 properties listed for sale, and 11 properties listed for rent in Alderley on OnTheHouse. According to CoreLogic's data, 163 properties were sold in the past 12 months in Alderley.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.