4 Vernon St, Clontarf is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1940. The property has a land size of 632m2 and floor size of 337m2. While the property is not currently for sale or for rent, it was last sold in December 1993.
1 km from Pelican Park and the beautiful Bramble Bay, lies this exciting investment opportunity offering a lucrative return on your investment. This 632sq m property is being sold with with 4 tenants in place offering strong returns, with an opportunity to increase your yield before the end of the current financial year.
Currently returning $64,480 in its configuration of four flats in good condition, with the zoning being a suburban neighbourhood, offering an 8.5 metre building height limit
This ultimate investment opportunity, still within reach of Brisbane, offers but is not limited to:
+ Currently returning more than $64,480 per annum (opportunity to increase to $72,800 before the end of the financial year)
+ Configured as four flats in good condition
+ Quiet location, with easy access to shops, public transport and the waterfront
+ Walk to schools including Clontarf State High, Primary, Southern Cross Primary and Grace Primary
* Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research.
The size of Clontarf is approximately 9.9 square kilometres. It has 24 parks covering nearly 26.3% of total area. The population of Clontarf in 2011 was 7,909 people. By 2016 the population was 8,291 showing a population growth of 4.8% in the area during that time. The predominant age group in Clontarf is 40-49 years. Households in Clontarf are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Clontarf work in a trades occupation. In 2011, 62.5% of the homes in Clontarf were owner-occupied compared with 62.3% in 2016.
Clontarf has 4,537 properties. Over the last 5 years, Houses in Clontarf have seen a 82.80% increase in median value, while Units have seen a 69.89% increase. As at 31 July 2024:
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