SOLD
Sold on 19 Sep 2024 for $2,800,000

511 Vulture Street E
East Brisbane QLD 4169

Bedrooms: 10
Bathrooms: 5
Car spaces: -
Floor area: 326m2
Land area: 819m2
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Property Details for 511 Vulture St E, East Brisbane

511 Vulture St E, East Brisbane is a 10 bedroom, 5 bathroom Unit and was built in 1960. The property has a land size of 819m2 and floor size of 326m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 10 bedroom Unit sold in East Brisbane in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
326m2
Land Size
819m2
Local Government
Brisbane
Lot/Plan
3/RP77140

Last Listing description (March 2022)

- 819m2 corner site with 2 buildings
- 3 x 2 bedroom units and 1 x 4 bedroom unit
- Zoning - QPP- LMR2

- Dual street frontage - 50.4 metres (approx.) to Norman Street and 18 metres (approx.) to Vulture Street
- In close proximity to the Gabba and the planned Cross River Redevelopment Project, reinvigorating the suburb profile
- Located in a high demand inner city suburb
- Minutes to retail, cafe/dining, schools and public transport

Occupying a prominent corner position on Vulture Street East and Norman Street the property is sited on a 810m2 block and is an ideal investment opportunity. Offering 4 tenanted flats (over 2 separate buildings) plus 2 unregistered flats with a holding income.

This opportunity represents an exciting development opportunity ideally suited to townhouses / apartments / subdivision etc (STCA).

East Brisbane is located 2.5kms south - east of the Brisbane CBD. Predominantly a residential suburb with pockets of commercial development, the area is gaining in popularity as the demand for buyer's increases and supply is strictly limited.

Please contact the Marketing Agent Geoff Esdale for further information and to schedule your inspection.

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Property History for 511 Vulture St E, East Brisbane, QLD 4169

A timeline of how this property has performed in the market
Last Sold
$2,800,000
19 Sep 2024
Listed for Rent
$320/w
01 Aug 2014
  • 19 Sep 2024
    Sold for $2,800,000
  • 06 Jan 2022
    Sold for $2,000,000
  • 26 Oct 2017
    Listed for Sale Not Disclosed
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About East Brisbane 4169

The size of East Brisbane is approximately 2 square kilometres. It has 10 parks covering nearly 8.6% of total area. The population of East Brisbane in 2011 was 5,598 people. By 2016 the population was 5,932 showing a population growth of 6.0% in the area during that time. The predominant age group in East Brisbane is 20-29 years. Households in East Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Brisbane work in a professional occupation. In 2011, 44.7% of the homes in East Brisbane were owner-occupied compared with 40.7% in 2016.

East Brisbane has 3,738 properties. Over the last 5 years, Houses in East Brisbane have seen a 69.26% increase in median value, while Units have seen a 61.36% increase. As at 31 October 2024:

  • The median value for Houses in East Brisbane is $1,474,552 while the median value for Units is $696,747.
  • Houses have a median rent of $760 while Units have a median rent of $595.
There are currently 18 properties listed for sale, and 12 properties listed for rent in East brisbane on OnTheHouse. According to CoreLogic's data, 156 properties were sold in the past 12 months in East brisbane.

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