OFF MARKET

58 Swan Street
Gordon Park QLD 4031

Bedrooms: 5
Bathrooms: 4
Car spaces: 4
Land area: 809m2
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Property Details for 58 Swan St, Gordon Park

58 Swan St, Gordon Park is a 5 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1965. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in March 1993.

Building Type
Unit
Year Built
1965
Land Size
809m2
Local Government
Brisbane
Lot/Plan
2/BUP12942

Last Listing description (March 2022)

Positioned on a flat 809m2 site, in an exceptional location directly parallel to the Kedron Brook in popular Gordon Park is this neat and tidy low set, single level post war unit block in very good condition. Providing a rock solid investment this rare opportunity would be perfect for an investor wishing to land bank a low maintenance property with a secure reliable return. With potential to further develop you can remove the existing dwelling and maximise on this key location just 400 metres to Kedron Brook bus station, by rebuilding units or townhouses, subject to council approval.

Consisting of 3 x 1 bedroom and 1 x 2 bedroom units, each with private courtyards and lock up garages, three of the four properties have secure leases in place till September and October, one is owner occupied.



Featuring;

Unit 1 - 1 bed 1 bath 1 car $297pw till 09/22
Unit 2 - 1 bed 1 bath 1 car $260pw till 10/22
Unit 3 - 1 bed 1 bath 1 car Owner Occupied
Unit 4 - 2 bed 1 bath 1 car $338 till 10/22

809m2 - Zoned - Low Medium Residential (2 or 3 storey mix)
Annual rental income $46,540 (3 units) Potential $63,180
Annual Body Corporate Outgoings @ $5,600 combined
Sinking Fund Balance of $6,976.08
Annual Rates $6,886.40 combined


Location;

Located on the banks of Kedron Brook walk 150m to the entrance of Kedron Brook's acres of parklands, 400m to the Kedron Brook busway and a kilometer to Market Central Lutwyche and the newly announced Lamington Market development. Gordon Park has increased in popularity since COVID and has provided its residents with leisure on their doorstep with kilometres of bikeways, walking tracks, and Brisbane's largest dog off leash park.

6 kms from Brisbane City CBD ( 10 mins drive ) through tunnel network
400 metre walk to Kedron Brook Bus Station
10 mins drive to Brisbane Airport via Airport Link Tunnel
Walking distance to Wooloowin Railway Station
Walking distance to Market Central Shopping Centre with 3 supermarket options, cafe's gyms and cinemas coming
Kedron Brook bikeway and dog off leash on your doorstep
Walk to Mercer Park, Shaw Park and Kalinga Park
Kedron State High School 691 metre walk
Wooloowin Primary School 495 metre walk

All units have been well maintained by the owners and are neat and tidy. This is such a rare and exciting location and opportunity. I urge you to do your due diligence and strongly consider securing this neat and tidy block of units.

Property History for 58 Swan St, Gordon Park, QLD 4031

A timeline of how this property has performed in the market
Last Sold
$220,000
23 Mar 1993
Listed for Rent
$320/w
25 Sep 2018
  • 10 Jan 2022
    Listed for Sale Under Contract
  • 25 Sep 2018
    Listed for Rent - Price not available
  • 23 Mar 1993
    Sold for $220,000
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About Gordon Park 4031

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 2,222 properties. Over the last 5 years, Houses in Gordon Park have seen a 73.22% increase in median value, while Units have seen a 76.44% increase. As at 30 November 2024:

  • The median value for Houses in Gordon Park is $1,465,551 while the median value for Units is $651,965.
  • Houses have a median rent of $680 while Units have a median rent of $555.
There are currently 4 properties listed for sale, and 10 properties listed for rent in Gordon park on OnTheHouse. According to CoreLogic's data, 103 properties were sold in the past 12 months in Gordon park.

Suburb Insights for Gordon Park 4031

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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.