31 Fleming RoadHerston QLD 4006
Property Details for 31 Fleming Rd, Herston
31 Fleming Rd, Herston is a 12 bedroom, 6 bathroom Unit with 8 parking spaces. The property has a land size of 658m2 and floor size of 12m2.
Last Listing description (June 2016)
Here is a wonderful opportunity to purchase a whole block of units set on 814 square metres of prime development land in one of Brisbane's most sought after suburbs, just over 2 kilometres to the City! This low-maintenance, cavity brick block consists of 6 extra large apartments, in the classic 'six pack' format, with separate lock up garages, internal stairwells and individual balconies.
- 814 square metres of land zoned LMR
- 6 x 2 bedroom large apartments
- Open plan living areas flow to the balconies
- All bedrooms are built in
- Spacious kitchens
- Large bathrooms with separate toilets
- Separate laundries within garages which have new Remote doors
- Fabulous, high demand location close to transport & shops
- Schools, Royal Brisbane Hospital & Universities are within walking distance
- Currently with a gross return of $92,040 & potential to value add
- Each unit is individually strata titled, but the property is managed as a whole block.
- First time offered to the market for 24 years
Whether you leave as is, continue to rent out and hold this exceptional property into the future, or renovate and sell the apartments individually, this is a rare investment proposition not to be missed!
Property History for 31 Fleming Rd, Herston, QLD 4006
- 27 Apr 2016Listed for Sale $2,350,000
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0About 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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