49 Derby StreetCoorparoo QLD 4151
Property Details for 49 Derby St, Coorparoo
49 Derby St, Coorparoo is a 8 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 911m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 8 bedroom Unit sold in Coorparoo in the last 12 months.
Last Listing description (June 2024)
A block of 5 freehold units, on an enormous 911m2 parcel of LMR2 zoned land, in coveted Coorparoo - a suburb that serves as a residential magnet for families seeking close proximity to top-performing schools, as well as professionals and medical practitioners wanting to remain within close reach of the CBD, Greenslopes and PA hospitals.
Comprising 3x two bed, one bath, and 2x one bed, one bath flats, the epic opportunity here lies within the single title and its zoning, unlocking options to redevelop (STCA), land bank, add value, or approach as a potential goldmine in its current state.
Estimated to fetch a lucrative yield, you simply cannot go wrong with this property as a long-term investment or otherwise, especially considering its close proximity to the 2032 Gabba Olympic Precinct, and its position amongst the local meccas of Coorparoo Square and Martha Street.
- Lucrative earning potential estimated at approx. $119,000 p.a
- Invest, land bank, add value or redevelop within 4.8km (approx.) radius from CBD
- Steps from Coorparoo Square dining, grocers, retail & Dendy Cinemas
- Walking distance from Martha Street boutiques & cafes
- Walk to buses, easy access Coorparoo train station
- Surrounded by elite schools including Churchie, Villanova & Loreto
- Minutes from the Gabba Olympic precinct & major hospitals
- Comprising 5 flats, each with a carport
- 3x two bed, one bath flats
- 2 x one bed, one bath flats
- Communal laundry & external clothes line
- Communal storage area and space for storage units
- Enough yard space to add a communal pool or BBQ area for tenants
- Vacant & ready to clear and redevelop (STCA)
Property History for 49 Derby St, Coorparoo, QLD 4151
- 16 Mar 2024Sold for $2,270,000
- 21 Feb 2024Listed for Sale Not Disclosed
- 29 Mar 2009Sold for $1,150,000
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0About 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 9,836 properties.
Suburb Insights for Coorparoo 4151
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