SOLD
Sold on 08 Dec 2023 for $2,110,000

14 Thorpe Street
Balmoral QLD 4171

Bedrooms: 6
Bathrooms: 4
Car spaces: 4
Floor area: 320m2
Land area: 860m2
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Property Details for 14 Thorpe St, Balmoral

14 Thorpe St, Balmoral is a 6 bedroom, 4 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 860m2 and floor size of 320m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 6 bedroom House sold in Balmoral in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
320m2
Land Size
860m2
Local Government
Brisbane
Lot/Plan
1/RP83207

Last Listing description (April 2021)

Attention Developers and Investors - 860m2 LMR Block!

An unmistakeably fantastic investment/development opportunity Not to be missed.

Presented to the market for the first time in over 16 years. Seize this very rare opportunity to secure one of the few remaining large development blocks in the Oxford Street precinct.

Currently configured as 4 units on one title. Perfectly positioned only 90 metres from Oxford Street on an elevated flood free site.

Equally suitable as an investment or development option

INVESTMENT
A rock solid investment option perfect for a self-managed super fund or the savvy investor with returns of $60,000 pa. There is also scope to refurbish and reap the rewards of higher rental yields.

DEVELOPMENT
Call your town planner, with 860m2 of LMR zoned land in one of the most sought-after positions, the opportunity for development is unmistakable.

Property features:
- 860m2 block zoned LMR
- Elevated with potential for views
- $60,000 rental income
- 3x 1 bed 1 bathroom units
- 1x 3 bed 1 bathroom units
- 4 garages and plenty of off street parking

Bulimba's popular restaurant and caf precinct, Oxford Street is less than 100 metres from your doorstep. public transport options include buses and Citycat.

Located just 5km's from the CBD the easy transport access and proximity to the city and local amenities ensure that vacancies are minimal.

If you're looking to make your next investment that will provide strong rental yields and capital growth in one of Brisbane's best inner-city postcodes register your interest and get a copy of the information memorandum.

Unit 1 - $360 per week - Lease ends 13/12/2021
Unit 2 - $277 per week - Lease ends 26/07/2021
Unit 3 - $255 per week - Lease ends 10/05/2021
Unit 4 - $265 per week - Lease ends 28/10/2021
TOTAL - $1,157 per week - $60,164 PA

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Property History for 14 Thorpe St, Balmoral, QLD 4171

A timeline of how this property has performed in the market
Last Sold
$2,110,000
08 Dec 2023
Listed for Rent
$250/w
17 Nov 2016
  • 08 Dec 2023
    Sold for $2,110,000
  • 25 Feb 2021
    Sold for $1,355,000
  • 02 Feb 2021
    Listed for Sale Contact Agent
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About Balmoral 4171

The size of Balmoral is approximately 1.3 square kilometres. It has 6 parks covering nearly 4.6% of total area. The population of Balmoral in 2011 was 3,827 people. By 2016 the population was 3,900 showing a population growth of 1.9% in the area during that time. The predominant age group in Balmoral is 40-49 years. Households in Balmoral are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Balmoral work in a professional occupation. In 2011, 60.3% of the homes in Balmoral were owner-occupied compared with 61.3% in 2016.

Balmoral has 1,977 properties. Over the last 5 years, Houses in Balmoral have seen a 79.81% increase in median value, while Units have seen a 69.01% increase. As at 31 October 2024:

  • The median value for Houses in Balmoral is $1,862,435 while the median value for Units is $868,349.
  • Houses have a median rent of $800 while Units have a median rent of $645.
There are currently 11 properties listed for sale, and 5 properties listed for rent in Balmoral on OnTheHouse. According to CoreLogic's data, 103 properties were sold in the past 12 months in Balmoral.

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