OFF MARKET

25 Duke Street
Annerley QLD 4103

Bedrooms: 9
Bathrooms: 3
Car spaces: -
Floor area: 125m2
Land area: 622m2
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Last updated 11 Nov 2024
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Property Details for 25 Duke St, Annerley

25 Duke St, Annerley is a 9 bedroom, 3 bathroom House. The property has a land size of 622m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Floor Size
125m2
Land Size
622m2
Local Government
Brisbane
Lot/Plan
412/RP37417

Last Listing description (December 2023)

Offering an exceptional and rare opportunity for developers and investors alike, this prime property is set on three lots at 25 Duke Street, Annerley - a thriving inner-city suburb - and boasting approved plans for an 18-unit development, an exciting venture waiting for the right developer.

The development approval in place for this property is a key feature that sets it apart. This signifies a green light from the council for you to proceed with the construction of 18 residential units - potentially saving you time and stress often associated with gaining such permissions. The approved plans provide a roadmap for creating a modern, desirable complex within this rapidly growing inner-city region.

Moreover, while you prepare for the development phase, you can benefit from the site's existing rental income potential. The three rental properties are offering an immediate return on your investment.

The properties include:

25 Duke St: A spacious 4-bedroom, 1-bathroom house, offering a comfortable living space. This charming property boasts sizeable bedrooms and a functional layout.

23A Duke St: This 3-bedroom, 1-bathroom house combines character features with modern conveniences.

23B Duke St: A cosy 2-bedroom, 1-bathroom dwelling, perfect for singles or small families seeking an accessible and convenient location.

These properties provide the ultimate advantage of generating rental yield immediately while awaiting the transformation of the site into a significant residential development, offering a rare blend of current income and future growth potential.

Situated in the highly sought-after locale of Annerley, you are just a short distance from local shops, public transport, and other essential amenities, not to mention the quick access to the CBD.

This is a property investment opportunity that doesn't come around often. Start earning rental income now and build for the future with the approved 18-unit development plans. Don't miss out on your chance to secure this prime piece of real estate at 21, 23 and 25 Duke St, Annerley.

For more information or to arrange an inspection, contact our team today.

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Property History for 25 Duke St, Annerley, QLD 4103

A timeline of how this property has performed in the market
Last Sold
$902,500
01 Sep 2023
Listed for Rent
$400/w
17 Dec 2021
  • 01 Sep 2023
    Sold for $902,500
  • 20 Jun 2023
    Listed for Sale For Sale
  • 20 Sep 2021
    Sold for $850,000
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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 6,390 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 29 properties listed for sale, and 25 properties listed for rent in Annerley on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Annerley.

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