3 Wenlock PlaceBrassall QLD 4305
Property Details for 3 Wenlock Pl, Brassall
3 Wenlock Pl, Brassall is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2014. The property has a land size of 600m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (September 2022)
It's getting hard to find investment properties with a rental yield of over 5% with room to improve further. This wonderful Brassall dual- key property achieves that and more.
Offered for sale with good tenants in both sides. Unit1 has a long term family as tenants (over 3 years) and consists of three bedrooms, master with ensuite while the other two share a family bathroom. A descent sized all electric kitchen and a air conditioned open living zone for meals and lounge room. This one has a good size rear yard for the kids but is easily maintained.
Unit 2 has a really nice tenant in place and who is also keen to stay on. This side is compact and very neat & tidy and has that modern unit/ accommodation feel. Consisting of one bedroom, one bathroom (ensuite) and a euro styled kitchen complete with electric appliances and dishwasher. The separate internal laundry is a real bonus. Nice sized a/condition living zone serves the tenant well. Amble amount of grassed yard at the rear and side for the pets, but easy to manage as well.
This dual key properties are always sort after by smart investors because they generally always have tenants in both sides. Unit 1 currently rents for $320 per week (lease exp- 22/07/2023) and unit 2 currently rents for $270 per week (expires 28/03/2023). These are both now managed in house by our senior property mangers and have suggested an increase in line with current rents of possibly $350 & $300 per week at renewal time. Current gross rent return of around 5.3% with the possibly of a 5.8% return. Better than leaving your money in the bank.
The area is serviced by the Brassall and Blair State Primary and Ipswich State High Schools. There is also, in many cases, free or government subsidised bus transport to a host of private schools including St. Edmunds and St. Mary's Colleges, Ipswich Boys and Girls Grammar Schools and West Moreton Anglican College.
The area is surrounded by several parks, sporting and entertainment clubs, plenty of schooling options and all the normal amenities you would expect in one of Ipswich's most popular suburbs. Easy access to Warrego Hwy for those commuting back to Brisbane or up to Toowoomba.
Key points:
Dual key investment opportunity
Unit 1 consists of 3 bedrooms, 2 bathrooms and single lockup garage. (lease until July 2023)
Unit 2 consists of 1 bedroom, 1 bath and single under cover garage. (lease until March 2023)
Combined current rent of $590 per week (possibility of $ 650 perweek)
Both managed by our team and both have great tenants in place.
Brassall is sought after with plenty to offers the tenants etc.
Inspections by appointment only.
Property History for 3 Wenlock Pl, Brassall, QLD 4305
- 01 Sep 2022Sold for $585,000
- 25 Aug 2022Listed for Sale Offers Over $575,000
- 23 Sep 2014Sold for $185,000
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About Brassall 4305
The size of Brassall is approximately 8.2 square kilometres. It has 18 parks covering nearly 9.3% of total area. The population of Brassall in 2011 was 9,245 people. By 2016 the population was 10,902 showing a population growth of 17.9% in the area during that time. The predominant age group in Brassall is 20-29 years. Households in Brassall are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Brassall work in a trades occupation. In 2011, 56.1% of the homes in Brassall were owner-occupied compared with 50.5% in 2016.
Brassall has 5,651 properties. Over the last 5 years, Houses in Brassall have seen a 88.57% increase in median value, while Units have seen a 82.00% increase. As at 31 October 2024:
- The median value for Houses in Brassall is $685,077 while the median value for Units is $444,509.
- Houses have a median rent of $500 while Units have a median rent of $435.
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