OFF MARKET

39 Denman Street
Greenslopes QLD 4120

Bedrooms: 10
Bathrooms: 5
Car spaces: 6
Land area: 819m2
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Property Details for 39 Denman St, Greenslopes

39 Denman St, Greenslopes is a 10 bedroom, 5 bathroom Unit with 6 parking spaces and was built in 1960. The property has a land size of 819m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Year Built
1960
Land Size
819m2
Local Government
Brisbane
Lot/Plan
20/S151828

Last Listing description (December 2022)

Auction Location: On - Site

Sitting on 819m2, this dual-access block of five units presents a ready-made investment or opportunity to develop a prime LMR site in high-growth Greenslopes*.

Situated metres from Greenslopes Hospital and Mall, the land parcel boasts dual access with a driveway fronting Mount Street. The north-south oriented block currently accommodates 5 separate units yielding $1,510 per week.

Options for the property include:
- Enjoying the immediate and secure investment offered by the fully tenanted premises
- Removing the existing building to construct one or two new luxury homes capitalising on the prime location.*

Unit 1 - 1 bed 1 bath $240
Unit 2 - 2 bed 1 bath $305
Unit 3 - 2 bed 1 bath $310
Unit 4 - 2 bed 1 bath - Vacant
Unit 5 - 2 bed + study 1 bath $340
Garaging for 6 vehicles
Communal laundries and gardens.

Gross Rental Income $79,820 per annum approximately
Rates $1,704.39 per quarter excl. sewer / water
Building Insurance $2,920.28 per annum approx.

Just 5km from the CBD, and an easy walk to local shops, cafes, schools and parkland, this address is also moments from excellent bus links and the South-East Freeway, with swift access to vibrant lifestyle precincts including Coorparoo Square with its cinemas, bars and fine restaurants.

*Subject to Brisbane City Council Approval

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.

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Property History for 39 Denman St, Greenslopes, QLD 4120

A timeline of how this property has performed in the market
Last Sold
$1,950,000
25 Sep 2021
  • 25 Sep 2021
    Sold for $1,950,000
  • 06 Sep 2021
    Listed for Sale Auction
  • 14 Jul 2021
    Sold for $1,420,000
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About Greenslopes 4120

The size of Greenslopes is approximately 2.5 square kilometres. It has 11 parks covering nearly 10.5% of total area. The population of Greenslopes in 2011 was 8,564 people. By 2016 the population was 8,939 showing a population growth of 4.4% in the area during that time. The predominant age group in Greenslopes is 20-29 years. Households in Greenslopes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenslopes work in a professional occupation. In 2011, 42.5% of the homes in Greenslopes were owner-occupied compared with 40.8% in 2016.

Greenslopes has 4,689 properties. Over the last 5 years, Houses in Greenslopes have seen a 77.85% increase in median value, while Units have seen a 91.16% increase. As at 31 October 2024:

  • The median value for Houses in Greenslopes is $1,361,522 while the median value for Units is $704,441.
  • Houses have a median rent of $650 while Units have a median rent of $535.
There are currently 14 properties listed for sale, and 11 properties listed for rent in Greenslopes on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Greenslopes.

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