SOLD
Sold on 22 May 2024 for $1,050,000

111 Ferndale Street
Annerley QLD 4103

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 498m2
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Property Details for 111 Ferndale St, Annerley

111 Ferndale St, Annerley is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 498m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in Annerley in the last 12 months.

Building Type
Unit
Land Size
498m2
Local Government
Brisbane
Lot/Plan
2/RP47218

Last Listing description (June 2024)

Located less than 6km's from the heart of the Brisbane CBD, 8 minutes drive to four major hospitals, central to accessing three major Universities, the M1 and Clem 7 Tunnel, this location will always be a winning investment. Fronting lovely Ferndale Street with a second driveway out to Collins Street, this flat, North East facing 493 square mete lot with 13.6 meter street frontage offers additional possibilities to design your dream home or investment.

Whilst there is no arguing that the house needs some updating, the bones are still great and character features such as three gables, VJ's and ornate ceilings are still on show. There is also the possibility of city glimpses if you were to raise the house.

Currently categorised a multiple unit dwelling (2 Flats) by the Brisbane City Council, you have the option to keep and expand the two flats (subject to council approval) or convert back into a single dwelling. With some cosmetic improvements (primarily paint and new carpets) you could achieve a rental income of between $700 - $750 per week. This is handy if you need income whilst drawing up plans and waiting on council approvals for renovating.

Features include:

- 493m2 North-East facing block
- Dual street access to Ferndale and Collins Streets
- Lovely pocket of Annerley that borders Tarragindi
- Located on a wide street and surrounded by beautiful character homes
- Character features such are ornate ceiling, VJ's and three gables
- Flat 1: 2 bed, 1 bath with air con in the main bedroom and living area
- Flat 2: 1 bed, 1 bath with air con in the bedroom
- Categorised as a multiple unit dwelling by the BCC
- Potential for city glimpses if raised
- Vacant possession
- BCC Rates if kept as multiple dwelling - $784.30 per quarter
- BCC Rates if reverted back to single dwelling - $584.24 per quarter

Locations wise this property is located within:

- 240m to the nearest Bus Stop
- 1100m to the nearest Woolworths
- 1400m to the nearest Veloway 1 cycleway entry point
- 1700m to the nearest M1 on ramp to the city
- 2600m walk or ride to University of Qld
- 3900m ride to UQ Gardens Point Campus
- 6000m ride to Griffith Uni Mount Gravatt Campus
- 4.8km as the crow flies to the heart of the Brisbane CBD
- 8 mins drive to the Mater, Qld Children's, PA and Greenslopes Hospitals
- 8 mins drive to Clem 7 Tunnel entry
- 22 mins drive to Brisbane Airports.

Property History for 111 Ferndale St, Annerley, QLD 4103

A timeline of how this property has performed in the market
Last Sold
$1,050,000
22 May 2024
Listed for Rent
$300/w
29 Mar 2011
  • 22 May 2024
    Sold for $1,050,000
  • 24 Apr 2024
    Listed for Sale Under Contract
  • 11 Feb 2019
    Listed for Rent $290 / week
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About Annerley 4103

The size of Annerley is approximately 2.8 square kilometres. It has 11 parks covering nearly 4.1% of total area. The population of Annerley in 2011 was 10,664 people. By 2016 the population was 11,349 showing a population growth of 6.4% in the area during that time. The predominant age group in Annerley is 20-29 years. Households in Annerley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Annerley work in a professional occupation. In 2011, 44.6% of the homes in Annerley were owner-occupied compared with 42.9% in 2016.

Annerley has 6,385 properties. Over the last 5 years, Houses in Annerley have seen a 72.58% increase in median value, while Units have seen a 82.90% increase. As at 31 October 2024:

  • The median value for Houses in Annerley is $1,245,470 while the median value for Units is $673,970.
  • Houses have a median rent of $628 while Units have a median rent of $530.
There are currently 24 properties listed for sale, and 28 properties listed for rent in Annerley on OnTheHouse. According to CoreLogic's data, 223 properties were sold in the past 12 months in Annerley.

Suburb Insights for Annerley 4103

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Matthew Karatau
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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.