47 Garrick TerraceHerston QLD 4006
Property Details for 47 Garrick Tce, Herston
47 Garrick Tce, Herston is a 8 bedroom, 4 bathroom Unit with 7 parking spaces and was built in 1930. The property has a land size of 792m2 and floor size of 248m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (January 2024)
This quality Queenslander is located on a large 792m2 allotment just a few Kms from the heart of the City. Although it is currently set up as 4 individual registered flats, it could easily be reconfigured into a traditional family home.
These flats have all been recently updated with new kitchens, bathrooms, floor coverings and paint. You could live in one and rent the rest, or rent them all out and simply enjoy the return.
Tenants lease expires in January, meaning you have the opportunity to extend the current lease agreementor move in!Walk to RBH, QUT Kelvin Grove & the City!
Land Size: 792m2
Unit 1: 1 bedroom $325
Unit 2: 2 bedroom $375
Unit 3: 3 bedroom $405
Unit 4: 2 bedroom $375
Total return: $76,960PA
Lease end date: January 2024
Rates: $1,727p/quarter
Both these amazing properties are located a short walk from the RBH Hospital, QUT Kelvin Grove, Victoria Park and the City. You will not find a better investment opportunity that offers a solid return and guaranteed long term capital growth.
Property History for 47 Garrick Tce, Herston, QLD 4006
- 29 Sep 2023Sold for $1,600,000
- 30 Jul 2023Listed for Sale Under Contract
- 28 Aug 2015Sold for $970,000
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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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