3/15 Weightman StreetHerston QLD 4006
Property Details for 3/15 Weightman St, Herston
3/15 Weightman St, Herston is a 1 bedroom, 1 bathroom Unit and was built in 1993. The property has a land size of 25m2 and floor size of 25m2. While the property is not currently for sale or for rent, it was last sold in November 1993.
Last Listing description (October 2024)
If you're looking for an stress-free, stable income till 2042, then this low-maintenance one bedroom, one bathroom unit at 15 Weightman Street is perfect for you. With free onsite parking and in a prime location, this property is an ideal investment for those looking to capitalize on the thriving rental market in Brisbane Inner City.
Enjoy the convenience of nearby amenities and excellent transport links, ensuring steady guest demand. Don't miss out on the chance to secure a fully furnished property that promises an incredible return - this is a once in a lifetime investment opportunity!
Unit and Complex features:
Free onsite parking
Self-service laundry facilities
Air conditioner and ceiling fan
Outdoor patio
Vending machine
Luggage storage
Onsite BBQ
Wifi services
Lease option period extends out to 2043
Gross income of $15,299/annum (FY24)
Low Body Corporate fees - $820/quarter
Water and sewerage rates - $330/quarter
Council rates - $574/quarter
Negative gearing (please seek advice from relevant tax professionals)
Rent increases with CPI increases
Location Features:
Herston is a small inner-city suburb within a short 3.0km to the CBD, near the Royal Brisbane and Women's Hospital, Victoria Park, Kelvin Grove State College, Kelvin Grove Urban Village, and ideally located for the significant student population that studies at the nearby Queensland University of Technology and University of Queensland. It is walking distance to Victoria Park, the largest inner city greenspace, with 64 hectares of open space, perfect to have a picnic, kick the footy, climb trees, have a game of putt putt or walk your four-legged friends.
Close proximity to major roads, busways and bike paths offers multiple options for travelling into Fortitude Valley, Southbank and the CBD. Easy access to the tunnels puts you just 20 minutes from the airport and allows for quick getaways to the coasts. With the 2032 Olympics now officially confirmed, this is also an outstanding opportunity to live in the heart of Herston and only 8mins drive from the CBD and benefit from future capital growth.
***Disclaimer***
Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.
Place Real Estate acknowledges the traditional custodians of the land on which we deliver our services. We pay respects to Elders past, present and emerging and recognise their cultural heritage, beliefs, and relationships with the land.
Property History for 3/15 Weightman St, Herston, QLD 4006
- 24 Oct 2024Listed for Sale FOR SALE
- 08 Nov 1993Sold for $81,500
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About Herston 4006
The size of Herston is approximately 1.6 square kilometres. It has 6 parks covering nearly 48.2% of total area. The population of Herston in 2011 was 1,831 people. By 2016 the population was 2,216 showing a population growth of 21.0% in the area during that time. The predominant age group in Herston is 20-29 years. Households in Herston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Herston work in a professional occupation. In 2011, 42.3% of the homes in Herston were owner-occupied compared with 35.5% in 2016.
Herston has 1,128 properties. Over the last 5 years, Houses in Herston have seen a 71.43% increase in median value, while Units have seen a 69.85% increase. As at 31 October 2024:
- The median value for Houses in Herston is $1,440,173 while the median value for Units is $791,048.
- Houses have a median rent of $650 while Units have a median rent of $600.
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