OFF MARKET

5/586 Ann Street
Fortitude Valley QLD 4006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 90m2
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Last updated 18 Nov 2024
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Property Details for 5/586 Ann St, Fortitude Valley

5/586 Ann St, Fortitude Valley is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 90m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
1999
Floor Size
90m2
Land Size
90m2
Local Government
Brisbane
Lot/Plan
5/BUP106966

Last Listing description (June 2024)

Set within one of the best resort-style apartment complexes, Cathedral Place in Fortitude Valley, it's easy to see why this apartment will attract a wide range of buyers. It would suit an array of demographics, including first-home buyers, downsizers looking for a low-maintenance, lock-and-leave abode or investors looking for solid rental prospects and low vacancy.

Showcasing a generous, flowing floorplan that covers 92 sqm, including an enormous alfresco patio, this ground-floor apartment is ready to move into now and offers the potential to update and add value along with your personal style.

The air-conditioned open-plan living space includes a sizable kitchen featuring a gas cooktop, electric oven, double sink and dishwasher. The highlight of the apartment is the large covered patio, backdropped by greenery and the perfect spot for private lounging and alfresco dining.

Both bedrooms have built-in robes, with bedroom one opening out to the patio, and each serviced by a newly renovated bathroom and separate toilet. A stand-alone laundry is an added bonus. For peace of mind, there are security screens.

Cathedral Place Apartments is a unique resort complex with everything you need to relax and enjoy Brisbane. It boasts two beautiful outdoor pools surrounded by tropical landscaping, three shared barbecues & a heated spa.

The location is second to none, with bus and rail transport at your doorstep, easy walking distance to the CBD, iconic Chinatown, the fabulous Howard Smith Wharves boasting cosmopolitan dining venues, James Street and the Gasworks with gourmet food outlets and boutique shopping, Fortitude Valley stands alone as the artistic, retail and multicultural hub of Brisbane.

For more information and to arrange an inspection contact JJ Macalino today!

Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

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Property History for 5/586 Ann St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$445,000
18 Sep 2023
  • 18 Sep 2023
    Sold for $445,000
  • 14 Sep 2023
    Listed for Sale UNDER CONTRACT
  • 22 Jun 2007
    Sold for $290,000
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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 94 properties listed for sale, and 57 properties listed for rent in Fortitude valley on OnTheHouse. According to CoreLogic's data, 694 properties were sold in the past 12 months in Fortitude valley.

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