306/5 Folkestone StreetBowen Hills QLD 4006
Property Details for 306/5 Folkestone St, Bowen Hills
306/5 Folkestone St, Bowen Hills is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 90m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (June 2022)
Situated perfectly in a leafy, tranquil pocket of Bowen Hills is the boutique Parkside on Folkestone. Huge, spacious corner floor plan, with a south-east aspect - cross breeze and natural light is abundant in this apartment.
For those looking to occupy this beautiful apartment, living within a short walk to parks, playgrounds, gyms, bars, restaurants, train stations, bus stops AND CityCat terminals, you will need a good reason to use the car securely parked in the underground garage. But why on earth would you leave with an apartment like this? The peaceful, lush, nature-filled outlook over the balcony is inviting you for a relaxed night in with a glass of wine and a home-cooked meal prepared in the very generously sized kitchen, complemented by the European appliances and white stone bench-tops. Unwind after the short, 4 minute commute home from work via the train station conveniently situated 500m from your front door! (Just past the handy little coffee shop on the corner for your morning commute.)
With plenty of other features guaranteed to impress, the bedrooms were designed with you in mind. 4.5m wide master bedroom with ensuite attached and a second bedroom featuring a study nook for the ever-growing WFH professional. The space you have been looking for in an inner-city apartment is here.
This is not just an average inner-city apartment. Precisely the reason why it achieves a 10% premium on the rental income for the suburb.
For those looking for the perfect investment in the inner-suburbs of the fastest growing city in Australia, unlock the exposure to the bustling Bowen Hills, Newstead, Fortitude Valley area. Young, vibrant lifestyle within an $8 Uber ride from all of the action. This pocket of paradise is consistently evolving and developing to continually provide the world-class amenity the area is already known for.
Currently rented until November 2022 for $500 per week. The Managers of the property are Tessa Residential. Experienced, proud and efficient managers in your asset. This is the perfect investment to purchase and add right to your portfolio without any work needed AND a 5.10% rental yield!!!
Body Corporate fees just over $3,500 annually, Council rates are just over $1,600 annually.
This is an opportunity not to miss and it is selling now. Contact me to secure your inspection today!
Give me a call on 0411 696 004 or email on Lachlan.M@tessaresidential.com.au
Virtual Inspection Online Now! - https://openhouse.littlehinges.com.au/v2/406-5_Folkestone_Street_Bowen_Hills
Property History for 306/5 Folkestone St, Bowen Hills, QLD 4006
- 07 Jun 2022Sold for $505,000
- 05 Apr 2022Listed for Sale Offers Over $510,000
- 11 Nov 2019Listed for Rent $480 / week
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About Bowen Hills 4006
The size of Bowen Hills is approximately 1.7 square kilometres. It has 2 parks covering nearly 4.2% of total area. The population of Bowen Hills in 2011 was 1,744 people. By 2016 the population was 3,214 showing a population growth of 84.3% in the area during that time. The predominant age group in Bowen Hills is 20-29 years. Households in Bowen Hills are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bowen Hills work in a professional occupation. In 2011, 25.6% of the homes in Bowen Hills were owner-occupied compared with 17.5% in 2016.
Bowen Hills has 4,057 properties. Over the last 5 years, Houses in Bowen Hills have seen a -60.70% decrease in median value, while Units have seen a 26.14% increase. As at 31 October 2024:
- The median value for Houses in Bowen Hills is $556,481 while the median value for Units is $561,889.
- Houses have a median rent of $600 while Units have a median rent of $600.
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