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Sold on 15 Jul 2024 for $355,000

408/167 Albert Street
Brisbane City QLD 4000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 49m2
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Property Details for 408/167 Albert St, Brisbane City

408/167 Albert St, Brisbane City is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Apartment sold in Brisbane City in the last 12 months.

Building Type
Apartment
Floor Size
49m2
Local Government
Brisbane

Last Listing description (July 2024)

Nestled in the heart of Brisbane City within the prestigious Heritage-listed Royal Albert building, this exceptional property is a golden opportunity for discerning investors and lifestyle enthusiasts alike. Rich in heritage charm and equipped with modern amenities, this apartment is a unique blend of history and contemporary living.

Key Features:

• Versatile Living Options: Ideal for a stylish permanent residence, long-term tenancy, or short-term accommodation under expert hotel management. Imagine the convenience of a property that not only generates rental income but also allows you to enjoy your own private retreat whenever you desire.

• Architectural Elegance: high ceilings, large, double-glazed casement windows, and intricate detailing reflecting the building's rich history.
• Fully Furnished: Elegant period pieces and modern appliances, including a well-equipped kitchen and contemporary bathroom.
• Comfortable Living Area: Ducted reverse-cycle air conditioning for year-round comfort.
• Convenient Amenities: 24-hour reception lobby, secure access elevators, and car parking special rate $30.
• On-Site Dining: Cafe Mondial offers breakfast, lunch, and dinner right at the building's entrance.

Enjoy unparalleled access to Brisbane's vibrant urban lifestyle. Situated on Albert Street, you are on the doorstep of premier shopping, dining, and entertainment options. Stroll to the nearby Queen Street Mall, relax in the lush City Botanic Gardens, or explore the bustling South Bank precinct.

This prime location will soon benefit from the upcoming Cross River Rail Green Spine project along Albert Street, featuring lush green spaces, pedestrian-friendly pathways, and the new Albert Street Station. Serene green spaces and improved connectivity elevate the quality of life for residents. With these enhancements, property values and local business opportunities are set to rise, making this an excellent investment for the future.

Don't miss out on this versatile investment where timeless elegance meets modern convenience. Secure your piece of Brisbane's vibrant urban landscape today.

Financial details:

• Body Corporate: Approx. $6,345 per annum
• Brisbane City Council Rates: Approx. $1,990 per annum
• Urban Utilities (water & sewerage): Approx. $1,385 per annum
• Rental Appraisal: $530 to $550 per week
• Hotel Holiday Letting Income Potential: $24,000 to $28,800 annually (net)
• Apartment size: 49m2

For information regarding the Cross River Rail Green Spine Project visit https://crossriverrail.qld.gov.au/albert-street/albert-street-green-spine/r

Property History for 408/167 Albert St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$355,000
15 Jul 2024
  • 15 Jul 2024
    Sold for $355,000
  • 25 Jun 2024
    Listed for Sale UNDER CONTRACT
  • 11 Jun 2023
    Listed for Sale Not Disclosed
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About Brisbane City 4000

The size of Brisbane City is approximately 2.5 square kilometres. It has 15 parks covering nearly 18.2% of total area. The population of Brisbane City in 2011 was 7,888 people. By 2016 the population was 9,467 showing a population growth of 20.0% in the area during that time. The predominant age group in Brisbane City is 20-29 years. Households in Brisbane City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brisbane City work in a professional occupation. In 2011, 40.5% of the homes in Brisbane City were owner-occupied compared with 36% in 2016.

Brisbane City has 12,266 properties. Over the last 5 years, Houses in Brisbane City have seen a -11.52% decrease in median value, while Units have seen a 42.85% increase. As at 31 October 2024:

  • The median value for Houses in Brisbane City is $543,544 while the median value for Units is $695,719.
  • Houses have a median rent of $710 while Units have a median rent of $749.
There are currently 117 properties listed for sale, and 75 properties listed for rent in Brisbane city on OnTheHouse. According to CoreLogic's data, 864 properties were sold in the past 12 months in Brisbane city.

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Sue Buchanan
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.