13/40 Swan St, Gordon Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 201m2 and floor size of 201m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Gordon Park in the last 12 months.
Welcome to Tamara Gardens, an impeccably maintained brick and tile complex boasting a tennis court and in-ground pool backing onto the Kedron Brook. Apartment 13, situated at the rear of the complex, offers picturesque views of Kedron Brook and the tennis court. With meticulous upkeep and improvements, this 1980s complex comprises 24 apartments in a quiet street and ensures security with secure intercom building access.
Apartment 13:
Elevated on the top floor, Apartment 13 provides both views and seclusion. Featuring 2 bedrooms and 1 bathroom, this residence remains predominantly in its original condition, presenting an enticing entry point for first home buyers and investors. With bold color choices awaiting a fresh coat of paint, this space offers potential to enhance its aesthetic appeal and elevate its value. A single lock-up garage adjacent to the entry adds convenience to this renovation gem.
The Financial Perspective: Stability and Potential Returns
Currently, the property enjoys the stability of a long-term tenant who has resided here for two decades. With a lease extending until July 2024, investors can rely on consistent tenure and weekly returns, currently set at $370 per week due to the tenants long term commitment. There exists potential for increased yields, presenting a promising opportunity for investors, particularly for those wanting to renovate.
Low body corporate fees enhance the financial appeal of this investment:
Sinking fund: $287 per quarter
Administration fund: $680 per quarter
Discount: a 10% discount is applied to all payments made on time
Discounted total rate: $870 per quarter ( $3,480 per annum)
Prime Location: Connectivity and Convenience
Situated at 40 Swan Street, residents benefit from direct pedestrian access to the scenic Kedron Brook Bikeway, perfect for leisurely strolls and cycling adventures leading all the way to Nudgee Beach. Easy access to the Northern Busway Kedron Brook Station simplifies commuting, while proximity to Stafford Road and Lutwyche Road, as well as tunnel access to the CBD and airport, ensures effortless travel. Just 8km from the Brisbane CBD and a short 3-minute drive to Lutwyche Centro shopping center, cafes, and specialty stores, convenience meets lifestyle at this sought-after address.
Don't miss out on this exceptional opportunity to enter the Gordon Park market. Contact Tegan Zernike to explore the potential and make this entry level opportunity your own.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
The size of Gordon Park is approximately 1.2 square kilometres. It has 11 parks covering nearly 6% of total area. The population of Gordon Park in 2011 was 4,015 people. By 2016 the population was 4,233 showing a population growth of 5.4% in the area during that time. The predominant age group in Gordon Park is 30-39 years. Households in Gordon Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gordon Park work in a professional occupation. In 2011, 56.6% of the homes in Gordon Park were owner-occupied compared with 55.6% in 2016.
Gordon Park has 2,224 properties.
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