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Sold on 20 Feb 2024 for $350,000

408/959 Ann Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 59m2
Land area: 59m2
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Property Details for 408/959 Ann St, Fortitude Valley

408/959 Ann St, Fortitude Valley is a 1 bedroom, 1 bathroom Apartment. The property has a land size of 59m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Apartment sold in Fortitude Valley in the last 12 months.

Building Type
Apartment
Floor Size
59m2
Land Size
59m2
Local Government
Brisbane
Lot/Plan
408/SP275187

Last Listing description (February 2024)

Modern, Stylish and in immaculate condition, this is one of Brisbane's most elegant and well designed one-bedroom units. Representing outstanding value for money, it is positioned in 'Alex Perry Residential' - A very safe, secure and exclusive apartment building. This is an exciting opportunity for an investor to purchase a high quality, high-yielding investment, in a high-growth area. With no stress, you can have it seamlessly rented through the hotel the day of settlement at a rental guarantee of $540 per week.

The building has 24 hour concierge and prides itself on its security and privacy, as it caters to a range of high profile clientele. With outstanding 5-star amenities, including a sparkling heated rooftop pool, expansive bbq area, yoga green space, a gym and on site management, it's one of the safest and most luxurious residential buildings in Brisbane. Perfectly located, in the best part of Fortitude Valley Valley, surrounded by an array of public transport options and is just moments from the James Street Precinct, as well as a number of high end restaurants, bars and clothing stores.

Facing north east, it is thoughtfully proportioned, with an excellent sized balcony, a large kitchen with expansive stone benchtops, built-in wardrobes and huge linen / storage room.

Call or email Anthony now to book a private inspection 0430 028 254.

Features:
- Large kitchen with expansive island stone bench-top
- Quality appliances, electric cook-top, dishwasher, oven
- Good size 7m2 balcony with north east aspect
- Huge linen / storage cupboard & built in wardrobes
- Home to Michelin Star Chef, Dan Arnold's Restaurant
- Exquisite lobby and 24 hour concierge
- High returns for investors and low outgoings
- Rental Guarantee $540 per week with the hotel
- Furnishings rented free if using hotel management
- Body Corporate fees $4,783 per year
- Council Rates $480 per quarter
- Healthy Sinking Fund balance of $1,260,149

Property History for 408/959 Ann St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$350,000
20 Feb 2024
  • 20 Feb 2024
    Sold for $350,000
  • 09 Feb 2024
    Listed for Sale Sold by Anthony Oddo
  • 26 Jun 2018
    Sold for $1,965,000

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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 8,125 properties. Over the last 5 years, Houses in Fortitude Valley have seen a 13.04% increase in median value, while Units have seen a 47.76% increase. As at 31 October 2024:

  • The median value for Houses in Fortitude Valley is $1,224,170 while the median value for Units is $564,483.
  • Houses have a median rent of $600 while Units have a median rent of $600.
There are currently 96 properties listed for sale, and 56 properties listed for rent in Fortitude valley on OnTheHouse. According to CoreLogic's data, 693 properties were sold in the past 12 months in Fortitude valley.

Suburb Insights for Fortitude Valley 4006

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Contact agent
Anthony Oddo
Show contact details
Best Life Real Estate Agency - NEW FARM
Preferred contact:
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.