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Sold on 27 May 2024 - Price Unavailable

173 Chatsworth Road
Coorparoo QLD 4151

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 850m2
Land area: 850m2
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Property Details for 173 Chatsworth Rd, Coorparoo

Building Type
Commercial
Floor Size
850m2
Land Size
850m2
Local Government
Brisbane
Lot/Plan
3/RP90810

Last Listing description (May 2024)

Great Rental Return with Development upside
Welcome to 173 Chatsworth Road, Coorparoo. This exceptional property offers a unique opportunity for great rental return and comes with development potential in a prime location.

Situated on a generous land area of 850 sqm, this property is perfect for those looking to invest in the inner city fringe of Brisbane with a scope to develop in the future (STCA). Whether you're an investor or developer this property has endless potential.

The property is positioned at a sought-after location. With its convenient proximity to the city, you'll enjoy easy access to all the amenities and attractions that Coorparoo has to offer.

The property boasts an array of features that make it truly special. From its stunning architecture to the well-designed building, every detail has been carefully considered. It comprises 5 bedrooms (2,1,1,1- Units), the spacious living areas, including the kitchen and living room, provide ample space for entertaining and relaxation.

Property features :

• Block of 4 Self-contained freehold Flats/units
• 850m2 rectangular block In a Premium Suburb
• Holland Park State School and Cavendish Rd High School Catchments
• Suburbs median 4 bedroom house price is close to $1.5 Million
• Current vacancy rate of properties in suburb is 1.29%
• All flats feature spacious light filled layouts, well-proportioned living areas, practical gas kitchens, sizeable bedrooms and 2 stair access
• Block's size and zoning, may give you the possibility to develop or redevelop the property in the future, potentially increasing its value. Scope to buy neighbouring properties to expand development (STCA)
• Each flat has character elements, separate access, are secure for tenants and have under cover & off street parking
• Character features include colored stain glass windows, leadlight windows, decorative cornices, ceiling roses, French doors, 2.8 m high ceilings, hopper and casement windows, decorative fireplace in Unit 1
• Under the flats there is additional storage space and a communal laundry
• Compliant Smoke alarms throughout
• Separately metered for gas and electricity
• More than 60% owner occupiers in the suburb
• Suburb's predicted to have population growth to 18,000 people by 2025
• Existing building could be removed, no traditional building character overlay, STCA
• Assured strong capital growth, current Gross return @80,000 approx. pa

Location highlights :

• 4 Kilometers from Brisbane CBD
• 20 Kilometers from Airport
• 2 from Greenslopes Hospital
• 4 Kilometers to PA hospital
• 1.6 Kilometers to Coorparoo Square (Shopping and Retail)
• 2 Kilometers away from Pacific Motorway
• (Child Care-100 meters away) Good start Early Learning Centre
• Stirrat street Bus-stop 31, just outside the accommodation
• 2.2 Kilometers to Coorparoo Train station
• 3.8 Kilometers to Mount Gravatt Homemaker Centre (Bunnings, Food and Shopping)
• Holland Park State School (1.4 km's)and Cavendish Rd High School (2.1 Km's) School Catchments

Don't miss out on this incredible opportunity to secure a prime piece of land with a Block of units in Coorparoo, Brisbane. With its desirable location, spacious land area, and endless potential, this property is a true gem.

Contact Sid Arora on 0469831089 or sid.arora@raywhite.com to discuss further or get an IM for the site which covers additional information about this opportunity.

Property History for 173 Chatsworth Rd, Coorparoo, QLD 4151

A timeline of how this property has performed in the market
Last Sold
27 May 2024
Listed for Rent
$225/w
01 Jun 2017
  • 16 Aug 2024
    Listed for Rent $560 / week
  • 15 May 2024
    Sold for $1,450,000
  • 07 Feb 2024
    Listed for Sale FOR SALE
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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 9,772 properties. Over the last 5 years, Houses in Coorparoo have seen a 78.23% increase in median value, while Units have seen a 89.53% increase. As at 31 October 2024:

  • The median value for Houses in Coorparoo is $1,616,708 while the median value for Units is $713,168.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 37 properties listed for sale, and 22 properties listed for rent in Coorparoo on OnTheHouse. According to CoreLogic's data, 450 properties were sold in the past 12 months in Coorparoo.

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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.