603 Sandgate RoadClayfield QLD 4011
Property Details for 603 Sandgate Rd, Clayfield
603 Sandgate Rd, Clayfield is a 7 bedroom, 6 bathroom Unit with 3 parking spaces and was built in 1950. The property has a land size of 880m2 and floor size of 379m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Last Listing description (October 2015)
A truly unique opportunity presents itself, in the coveted suburb of Clayfield. On offer is 6 fully self-contained flats with opportunities that are endless and unsurpassed! Renovate, Land Bank, Demolish (STCA) and redevelop whatever you decide, there is no denying that this prime piece of Real Estate is brimming with potential for the astute investor.
Renovate and reap the benefits of a fantastic rental yield. Set on 2 lots, a unique opportunity presents itself to land bank for future development, or demolish (STCA) and re-build now!
Currently All but one unit is tenanted, returning a very healthy income of $65,000 annually. There is huge scope to improve this!
MAKE NO MISTAKE This property will be/MUST be sold at or prior to auction!!!
AUCTION DETAILS: In rooms at Asset Plus Property: 38A Douglas Street, Milton Thursday, June 25th @ 6:30PM.
Property History for 603 Sandgate Rd, Clayfield, QLD 4011
- 31 Aug 2022Sold for $1,800,000
- 25 Jun 2015Sold for $830,500
- 28 May 2015Listed for Sale Auction
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About Clayfield 4011
The size of Clayfield is approximately 2.8 square kilometres. It has 4 parks covering nearly 1.6% of total area. The population of Clayfield in 2011 was 10,006 people. By 2016 the population was 10,585 showing a population growth of 5.8% in the area during that time. The predominant age group in Clayfield is 30-39 years. Households in Clayfield are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Clayfield work in a professional occupation. In 2011, 52.6% of the homes in Clayfield were owner-occupied compared with 52.4% in 2016.
Clayfield has 6,302 properties. Over the last 5 years, Houses in Clayfield have seen a 69.39% increase in median value, while Units have seen a 78.93% increase. As at 31 October 2024:
- The median value for Houses in Clayfield is $1,898,988 while the median value for Units is $652,582.
- Houses have a median rent of $625 while Units have a median rent of $528.
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