SOLD
RECENT ADVICE
Sold on 02 Apr 2024 for $425,000

505/56 Prospect Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 505/56 Prospect St, Fortitude Valley

505/56 Prospect St, Fortitude Valley is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Apartment sold in Fortitude Valley in the last 12 months.

Building Type
Apartment
Local Government
Brisbane
Lot/Plan
505/SP259352

Last Listing description (April 2024)

This property was sold pre-market through our extensive buyer database.

If you would like further information on this sale or would like to run your own property through our buyer database, please contact Andrew Tran or Sam Mayes today.

Property History for 505/56 Prospect St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$425,000
02 Apr 2024
Listed for Rent
$350/w
27 Mar 2018
  • 15 Mar 2024
    Sold for $425,000
  • 19 Mar 2018
    Listed for Rent - Price not available
  • 16 Jun 2017
    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 8,125 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
Andrew Tran
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Sam Mayes
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SPACE Property Paddington
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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.