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Sold on 16 Sep 2024 for $575,000

5/98 Butterfield Street
Herston QLD 4006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 5/98 Butterfield St, Herston

5/98 Butterfield St, Herston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Herston in the last 12 months.

Building Type
Unit
Local Government
Brisbane
Lot/Plan
5/SP157981

Last Listing description (September 2024)

Positioned at the rear of a small complex of 5, you will discover this well presented 2 Bedroom apartment, exuding warmth and natural light, creating a perfect blend of comfort and style, all whilst enjoying your very own exclusive oversized courtyard, perfect for entertaining family and friends.

The apartment itself is very welcoming, step inside to a light filled airconditioned living area, complimented with wonderful, polished timber floors. The separate well appointed kitchen offers plenty of space for the avid cook and benefits from a lovely outlook into your private landscaped courtyard. The 2 Bedrooms both enjoy built in robes, the bathroom is spacious and functional, and your laundry can be accessed via the automatic lock up garage, thoughtfully screened and contained within a secure area, which includes additional shelving and storage.

The location is absolute key here, as you are walking distance to the Royal Brisbane Hospital, Herston Bus Terminal, QUT Kelvin Grove Campus and just moments from Kelvin Grove Village, Kelvin Grove Primary School, Victoria Park Golf Club and so very close to Brisbane CBD, Bowens Hills and Fortitude Valley.

This is truly an exceptional opportunity for first homebuyers, downsizers and savvy investors, as you witness the transformation of this area leading into the 2032 Olympics, and with approvals for the upgrade and improvement of Victoria Park already underway, Herston is undeniably becoming a thriving inner-city hub.

• Rental Appraisal - $495-$505 per week
• Body Corporate Levies - $4,654 per year
• Sinking Fund Balance - $29,610
• Brisbane City Council Rates - $506.70 per quarter

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Property History for 5/98 Butterfield St, Herston, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$575,000
16 Sep 2024
Listed for Rent
$440/w
07 Sep 2022
  • 16 Sep 2024
    Sold for $575,000
  • 05 Sep 2024
    Listed for Sale Under Contract
  • 12 Aug 2022
    Listed for Rent - Price not available
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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 1,125 properties. Over the last 5 years, Houses in Herston have seen a 63.36% increase in median value, while Units have seen a 74.32% increase. As at 30 September 2024:

  • The median value for Houses in Herston is $1,362,263 while the median value for Units is $801,366.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 8 properties listed for sale, and 4 properties listed for rent in Herston on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Herston.

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Joanne Mavrik
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Raine & Horne Brisbane West
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