SOLD
Sold on 29 Feb 2024 for $205,000

1 Wellington Street
Brassall QLD 4305

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 46m2
Land area: 104m2
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Property Details for Lot 1/1 Wellington St, Brassall

Lot 1/1 Wellington St, Brassall is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2002. The property has a land size of 104m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Brassall in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
46m2
Land Size
104m2
Local Government
Ipswich
Lot/Plan
1/SP153245

Last Listing description (December 2008)

REDUCED TO SELL - $50.000 BELOW MARKET VALUE
THIS IS A FANTASTIC OPPORTUNITY TO BUY $50,000 WELL BELOW MARKET VALUE.
BUY NOW AND INCREASE YOUR PRESENT YIELD FROM 3.05% TO 8.03% NET ONCE SECOND UNIT IS OCCUPIED.

THERE IS A GROWING DEMAND FOR QUALITY AFFORDABLE RENTAL ACCOMMODATION FOR SENIORS, AND AT THE SAME TIME PROVIDING INVESTORS WITH AN OPPORTUNITY TO INVEST IN A NICHE PROPERTY MARKET.
NATIONAL SENIORS IS CALLING FOR A 'STRATEGIC HOUSING POLICY' THAT WILL HELP ENSURE THE STATE IS BEST PLACED TO MEET FUTURE DEMAND FOR AFFORDABLE HOUSING AND RENTAL ACCOMMODATION IN THE CONTEXT OF AN AGEING POPULATION.
THIS ESTATE PROVIDES AN OPPORTUNITY FOR SENIORS TO LIVE IN A COMMUNITY ENVIRONMENT THAT THEY COULD NOT OTHERWISE AFFORD.
BRASSALL SHOPPING CENTRE & MEDICAL CENTRE 0.5KLMS WALK FROM ESTATE.
TWO ONE BEDROOM UNITS ON ONE TITLE INCLUDE LOUNGE,BATHROOM, CARPETS, BLINDS, AIR-CONDITIONER, MICROWAVE, HOT PLATES, REFRIGERATOR & WASHING MACHINE.
COMPLEX AMMENITIES INCLUDE COMMERCIAL KITCHEN, COMMUNITY DINING ROOM, LIBRARY, TV, INDOOR BOWLS, BBQ AREA, WELL-MAINTAINED GROUNDS, PLENTY CAR PARKING, AND RESIDENT MANAGERS.
DON'T DELAY CALL US TODAY TO REGISTER YOUR INTEREST IN THIS NICHE INVESTMENT MARKET
FULL FINANCIALS AVAILABLE ON REQUEST
ADDITIONAL FEATURE - CLOSE TO SCHOOL.

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Property History for Lot 1/1 Wellington St, Brassall, QLD 4305

A timeline of how this property has performed in the market
Last Sold
$205,000
29 Feb 2024
  • 29 Feb 2024
    Sold for $205,000
  • 22 Oct 2016
    Sold for $187,000
  • 16 Mar 2009
    Sold for $150,000
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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 5,703 properties. Over the last 5 years, Houses in Brassall have seen a 92.55% increase in median value, while Units have seen a 74.74% increase. As at 30 November 2024:

  • The median value for Houses in Brassall is $688,801 while the median value for Units is $411,827.
  • Houses have a median rent of $500 while Units have a median rent of $440.
There are currently 33 properties listed for sale, and 9 properties listed for rent in Brassall on OnTheHouse. According to CoreLogic's data, 352 properties were sold in the past 12 months in Brassall.

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