8/563 Gregory TerraceFortitude Valley QLD 4006
Property Details for 8/563 Gregory Tce, Fortitude Valley
8/563 Gregory Tce, Fortitude Valley is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 78m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Fortitude Valley in the last 12 months.
Last Listing description (August 2023)
Positioned primely, between Fortitude Valley and RBWH (Royal Brisbane & Women Hospital), Apartment 8 at 563 on Gregory Terrace awaits.
This 1 bedroom apartment is being used as Air B &B and has been achieving one of the highest financial returns in Fortitude Valley. The annual earning in 2022 was $41,532.
Additionally, the apartment boasts an impressive 96% occupancy rate with 351 short-term rental nights booked, placing it in the top 1% among similar units in Brisbane.
This fantastic apartment is located on the ground floor in a resort style complex.
Features:
- Private courtyard
- Large carpeted bedroom with walk in robe and ceiling fan
- Two way bathroom
- Modern kitchen with dishwasher and electric cooking
- Carpeted, air conditioned lounge/dining area
- Study area with built in desk
- Security screens throughout
- Intercom
- Exceptional security throughout the building
- Separate, internal laundry with clothes dryer
- Large, heated swimming pool
- Gym with cardio and weights equipment
- 700m to Royal Brisbane Hospital
- Across the road from the newly designed RNA Show Ground
- 1.5klm to Victoria Park
- 1.5klm to Gasworks
- 1.2klm to Bowen Hills Train Station
- Buses at your doorstep
- Walking distance to so many cafes, restaurants and shops
- Large single car park in secure parking complex with lift access to unit
Internal: 55 sqm
Courtyard: 23 sqm
Total: 78 sqm
Inspection is highly recommended. Contact Ben Mak now on mobile 0411 717 318 or email ben@jnbpropertyservices.com.au
Property History for 8/563 Gregory Tce, Fortitude Valley, QLD 4006
- 15 Aug 2024Sold for $500,000
- 17 Jun 2023Sold for $371,000
- 04 Jun 2023Listed for Sale Under Contract
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0About 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.
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