OFF MARKET

44 Prospect Street
Fortitude Valley QLD 4006

Bedrooms: 3
Bathrooms: 1
Car spaces: 6
Floor area: 157m2
Land area: 253m2
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Last updated 11 Nov 2024
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Property Details for 44 Prospect St, Fortitude Valley

44 Prospect St, Fortitude Valley is a 3 bedroom, 1 bathroom House with 6 parking spaces and was built in 1880. The property has a land size of 253m2 and floor size of 157m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
House
Year Built
1880
Floor Size
157m2
Land Size
253m2
Local Government
Brisbane
Lot/Plan
10/RP10013

Last Listing description (December 2017)

This versatile turn of the century property in Fortitude Valley is not only a chance to secure a piece of Brisbane s history, but it is a savvy investment opportunity that will pay off on a large scale.
Situated in a quiet pocket in the heart of the vibrant Valley, this property is currently being utilised as a commercial space, with a tenancy returning $50,000 per annum plus all outgoings (including rates, electricity, water/sewerage). The home is tenanted until May 2018 with two single year lease options in place after this. It is your chance to invest in a quality property in a thriving Brisbane suburb that will only continue to grow.
It currently features multiple functional office spaces, two kitchenettes and a large multipurpose room on the lower level. Additionally, you have two street frontages and off-street parking accommodation for six cars.

Alternatively, you could easily transform the property back into a striking private residence (as many are in the area) accentuated by a number of original character features. This includes polished timber floors, high ceilings, brick fireplace and banks of windows that promote cooling breezes and natural light throughout. There is also ducted air conditioning, an alarm system and balcony off the rear of the property that captures city glimpses.
The potential is undeniable, further bolstered by an exceptional location that showcases the very best of one of Brisbane s most sought-after locations. It is within walking distance to trendy James Street as well as the CBD. It is also well serviced by multiple bus lines and the train.
If you re looking for a unique investment property that will continue to provide substantial returns or a house you can make a home, look no further than this Fortitude Valley property. An inspection is a must as this opportunity will not last long!

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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Property History for 44 Prospect St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$1,025,000
03 Aug 2017
Listed for Rent
$997/w
02 Nov 2013
  • 03 Aug 2017
    Sold for $1,025,000
  • 12 Jul 2017
    Listed for Sale For Sale
  • 02 Nov 2013
    Listed for Rent - Price not available
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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 8,126 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 95 properties listed for sale, and 57 properties listed for rent in Fortitude valley on OnTheHouse. According to CoreLogic's data, 692 properties were sold in the past 12 months in Fortitude valley.

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