1 Wellington StreetBrassall QLD 4305
Property Details for Lot 6/1 Wellington St, Brassall
Lot 6/1 Wellington St, Brassall is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 103m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (August 2011)
Two one bedroom units nnder oneTitle
Potential positive cash flow with 7.5% rental yield on these two 1 bedroom senior's accommodation units on a single title. The units are 51.1m2 each and include lounge, bathroom, carpets, blinds, air-conditioner, microwave, hot plates, refrigerator and washing machine.
Complex amenities include commercial kitchen, community dining room, library, TV, indoor bowls, darts, BBQ area, well-maintained grounds, plenty car parking, community bus and on-site management.
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 Senior’s 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 due to the ageing population.
This estate provides an opportunity for seniors to live in a community environment that they could not otherwise afford.
A copy of the Sustainability Declaration for this property is available from the agent.
Additional feature/s - Air Conditioning.
Property History for Lot 6/1 Wellington St, Brassall, QLD 4305
- 22 Feb 2023Sold for $200,000
- 12 Nov 2010Listed for Sale $199,000.00
- 08 Oct 2003Sold 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 5,705 properties. Over the last 5 years, Houses in Brassall have seen a 86.67% increase in median value, while Units have seen a 48.21% increase. As at 31 August 2024:
- The median value for Houses in Brassall is $673,041 while the median value for Units is $378,111.
- Houses have a median rent of $500 while Units have a median rent of $420.
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