OFF MARKET

401/56 Prospect Street
Fortitude Valley QLD 4006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 72m2
Land area: 82m2
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Property Details for 401/56 Prospect St, Fortitude Valley

401/56 Prospect St, Fortitude Valley is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 82m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Year Built
2013
Floor Size
72m2
Land Size
82m2
Local Government
Brisbane
Lot/Plan
401/SP259352

Last Listing description (March 2024)

Situated in a quiet street with rare inner-city suburban views, this incredible property is perfect for professionals, couples, downsizers, and investors alike.

Close to Newstead, Teneriffe and Fortitude Valley's exciting attractions, this superb residence will impress with its private balcony and immaculate interiors.

Wonderfully bright and inviting, the apartment benefits from lofty ceilings and attractive carpeted and tiled floors. A fresh white colour palette features throughout, allowing you to showcase your décor style with ease.

Encompassing a generous open-plan living and dining area, the property boasts an impeccable kitchen displaying quality appliances and ample cupboard storage.

Encouraging natural light to flow throughout the residence, large glass sliding doors link to a partially-covered balcony. Fringed by leafy greenery, this delightful outdoor area is ideal for al fresco dining and entertaining. Connected to the balcony, an ensuited master bedroom, and a sizeable second bedroom finish the residence; both have built-in wardrobes.

Complete with secure parking for one car, the apartment also includes air-conditioning, ceiling fans, concealed laundry and blinds.

** PLEASE NOTE** both bedrooms will be fitted with air con

A stone's throw from a seemingly endless plethora of shops and dining options, this fantastic property is near the fashionable Gasworks, Teneriffe, James Street, and Howard Smith Wharves precincts. The Fortitude Valley train station, the Teneriffe Ferry Terminal, and a number of city-bound bus stops are minutes away. Also ensuring a spectacular lifestyle, cherished New Farm Park, and a collection of scenic riverwalks are easily accessible from this address.

The residence's proximity to a slew of prestigious schools and esteemed universities, such as QUT in Kelvin Grove.

Property History for 401/56 Prospect St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$475,000
07 Jun 2023
Listed for Rent
$450/w
14 Jun 2017
  • 19 Feb 2024
    Listed for Rent $650 / week
  • 07 Jun 2023
    Sold for $475,000
  • 18 May 2023
    Listed for Sale For Sale
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About Fortitude Valley 4006

The size of Fortitude Valley is approximately 1.4 square kilometres. It has 2 parks covering nearly 1.5% of total area. The population of Fortitude Valley in 2011 was 5,615 people. By 2016 the population was 6,976 showing a population growth of 24.2% in the area during that time. The predominant age group in Fortitude Valley is 20-29 years. Households in Fortitude Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fortitude Valley work in a professional occupation. In 2011, 27.3% of the homes in Fortitude Valley were owner-occupied compared with 21% in 2016.

Fortitude Valley has 8,257 properties. Over the last 5 years, Houses in Fortitude Valley have seen a -43.59% decrease in median value, while Units have seen a 45.13% increase. As at 31 January 2025:

  • The median value for Houses in Fortitude Valley is $778,059 while the median value for Units is $575,907.
  • Houses have a median rent of $600 while Units have a median rent of $600.
There are currently 87 properties listed for sale, and 44 properties listed for rent in Fortitude valley on OnTheHouse. According to CoreLogic's data, 698 properties were sold in the past 12 months in Fortitude valley.

Suburb Insights for Fortitude Valley 4006

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Disclaimer
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.