OFF MARKET

116 Cavendish Road
Coorparoo QLD 4151

Bedrooms: 7
Bathrooms: 6
Car spaces: 6
Land area: 809m2
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Property Details for 116 Cavendish Rd, Coorparoo

116 Cavendish Rd, Coorparoo is a 7 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Land Size
809m2
Local Government
Brisbane
Lot/Plan
1/RP130158

Last Listing description (January 2022)

Be in quick as this rare opportunity to purchase this solid block of 5 units won't last long. In a prime location in the heart of Coorparoo and only a stone's throw away from the fabulous Coorparoo Square that is home to Aldi, cafes, restaurants including the popular Beyond the Pale bar and the Dendy Movie Theatre. Within easy walking distance to busses and trains making it a quick trip into the city from here.

Located only 4.5 km to the CBD. Don't delay act quickly to secure this excellent investment opportunity with no body Corp or capitalise on developing this LMR site which allows for 2-3 stories, either way it is a win win.

There are tenants currently in place who would love to stay on, however, it has been achieving less than the current market rent as it has been self-managed by the owner who lives on site.

Units 1 through to 4 all have 1 bedroom, 1 bathroom and 1 car space (potential return $250 - $275 per week)
Unit 5 boasts 3 bedrooms, 2 bathrooms, a kitchen, a kitchenette and 3 utility rooms (potential rental return $500 to $550 per week)
Rates approx $1400 per quarter
Water approx $1100 per quarter

Phone for a private inspection today.

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Property History for 116 Cavendish Rd, Coorparoo, QLD 4151

A timeline of how this property has performed in the market
Last Sold
$2,025,000
27 Nov 2021
  • 27 Nov 2021
    Sold for $2,025,000
  • 18 Nov 2021
    Listed for Sale Under Contract

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About Coorparoo 4151

The size of Coorparoo is approximately 5.4 square kilometres. It has 31 parks covering nearly 10.1% of total area. The population of Coorparoo in 2011 was 14,944 people. By 2016 the population was 16,284 showing a population growth of 9.0% in the area during that time. The predominant age group in Coorparoo is 20-29 years. Households in Coorparoo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coorparoo work in a professional occupation. In 2011, 52.7% of the homes in Coorparoo were owner-occupied compared with 52.1% in 2016.

Coorparoo has 9,877 properties. Over the last 5 years, Houses in Coorparoo have seen a 73.70% increase in median value, while Units have seen a 91.72% increase. As at 30 November 2024:

  • The median value for Houses in Coorparoo is $1,616,130 while the median value for Units is $716,197.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 20 properties listed for sale, and 19 properties listed for rent in Coorparoo on OnTheHouse. According to CoreLogic's data, 466 properties were sold in the past 12 months in Coorparoo.

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