OFF MARKET

353 Waterworks Road
Ashgrove QLD 4060

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 177m2
Land area: 506m2
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Property Details for 353 Waterworks Rd, Ashgrove

353 Waterworks Rd, Ashgrove is a 4 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 1930. The property has a land size of 506m2 and floor size of 177m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
Unit
Year Built
1930
Floor Size
177m2
Land Size
506m2
Local Government
Brisbane
Lot/Plan
18/RP50709

Last Listing description (February 2023)

* Pre-war block of flats
* North-facing from the rear
* Ideal for investors or renovators

* Within Ithaca Creek SS catchment
* Close to shops, schools and transport

Perfectly positioned in the heart of Ashgrove, this block of flats offers a variety of options for the astute buyer. Offering investors an excellent net return & opportunity to add to their portfolio, this property is sure to impress!

This pre-war property currently consists of three individually metered flats, one two-bedroom flat & two one-bedroom flats. The three flats each have light filled open plan living spaces, kitchens complete with gas cooking, and neat & tidy bathrooms. Two flats have been allocated an undercover car space, the third flat has an allocated off street park, and all flats share a communal laundry.

With some cosmetic updates throughout, these flats would present an ideal investment opportunity for those seeking an addition to their portfolio. As it currently stands, the property also provides the option for the new owner to move into one flat and rent out the remaining two flats.

Championed for its stunning natural surrounds and family-friendly atmosphere, Ashgrove is perfect for those seeking a tranquil lifestyle while remaining close to modern conveniences. A mere 6kms to the Brisbane CBD and moments to modern amenities including cafes, restaurants and shops, everything is at your fingertips. Surrounded by green spaces and family parks as well as a variety of quality schools including Marist Brothers, Mt St Michaels and Ithaca Creek SS, this location is perfect for growing families looking for an active, community-based lifestyle.

With so much to offer the savvy investor or those seeking a project, this incredible opportunity won't last long!

Call today to secure your inspection time.

Property History for 353 Waterworks Rd, Ashgrove, QLD 4060

A timeline of how this property has performed in the market
Last Sold
$775,000
27 Jan 2023
Listed for Rent
$220/w
14 Nov 2012
  • 27 Jan 2023
    Sold for $775,000
  • 12 Dec 2022
    Listed for Sale For Sale
  • 26 Jun 2022
    Listed for Sale $1,058,000
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About Ashgrove 4060

The size of Ashgrove is approximately 5.9 square kilometres. It has 33 parks covering nearly 17.2% of total area. The population of Ashgrove in 2011 was 12,916 people. By 2016 the population was 13,045 showing a population growth of 1.0% in the area during that time. The predominant age group in Ashgrove is 40-49 years. Households in Ashgrove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashgrove work in a professional occupation. In 2011, 69.4% of the homes in Ashgrove were owner-occupied compared with 69% in 2016.

Ashgrove has 5,630 properties. Over the last 5 years, Houses in Ashgrove have seen a 78.58% increase in median value, while Units have seen a 73.78% increase. As at 31 October 2024:

  • The median value for Houses in Ashgrove is $1,720,282 while the median value for Units is $768,089.
  • Houses have a median rent of $720 while Units have a median rent of $600.
There are currently 17 properties listed for sale, and 15 properties listed for rent in Ashgrove on OnTheHouse. According to CoreLogic's data, 240 properties were sold in the past 12 months in Ashgrove.

Suburb Insights for Ashgrove 4060

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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.