15-15A/76-78 Gladstone RoadHighgate Hill QLD 4101
Property Details for 15-15a/76-78 Gladstone Rd, Highgate Hill
15-15a/76-78 Gladstone Rd, Highgate Hill is a 2 bedroom, 2 bathroom Unit.
Last Listing description (April 2023)
Ideally located within walking distance -- only 2 kilometres (1.2 miles) south of the Brisbane CBD and the Brisbane River, and approximately 1 kilometre (0.6 miles) east of Hill End -- these two adjoining one-bedroom apartments, on one title, are a great entry level home or investment. They are easily combined into a two-bedroom apartment, perfect for those looking for a home close to the city.
Looking for an investment? Then the apartments are currently rented until early next year for $295 and $290, providing an annual yield of $30,420. Current rental appraisals show an increase of 5-10% could be achieved on the renewal of the lease(s).
With a solid brick construction, the second level apartments are a mirror of each other with an adjoining door, and there is certainly plenty of privacy and separate spaces for two people living together. The apartments feature low maintenance wooden floors throughout the spacious living areas and bedrooms, making cleaning a breeze. The large built-in wardrobes create enormous storage.
The kitchen and laundry areas are well presented with modern fixtures and fittings. The bathroom has a striking black and white color palette, and the laundry features warm wooden cabinetry with washing machines included.
The north-facing balcony captures the sun at the rear of the apartment and has glorious sweeping suburb views whilst catching the cooling breeze for the warmer days of summer and warm sunshine in the winter, with the added benefit of keeping airconditioning bills at a low.
So centrally and conveniently positioned being close to everything, the apartments are walking distance to restaurants, cafes and bars in Highgate Hill, South Bank and West End. Fine schools and education institutions are also easily accessible within minutes. Just perfect for students, young and old.
With the ease of the bus stop right at the doorstep (20 metres away), the need for the one car garage will be minimal.
The owners are long-term investors with these apartments having made a steady investment for them with good steady rents. The sellers own several apartments in the complex and have looked upon them as a positive investment over time. They may consider selling the other apartments if an investor is looking for a larger holding.
Property History for 15-15a/76-78 Gladstone Rd, Highgate Hill, QLD 4101
- 01 Sep 2022Listed for Sale Offers Over $550,000
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About Highgate Hill 4101
The size of Highgate Hill is approximately 1.3 square kilometres. It has 5 parks covering nearly 1.8% of total area. The population of Highgate Hill in 2011 was 5,823 people. By 2016 the population was 6,225 showing a population growth of 6.9% in the area during that time. The predominant age group in Highgate Hill is 20-29 years. Households in Highgate Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Highgate Hill work in a professional occupation. In 2011, 41.3% of the homes in Highgate Hill were owner-occupied compared with 43% in 2016.
Highgate Hill has 3,143 properties. Over the last 5 years, Houses in Highgate Hill have seen a 81.63% increase in median value, while Units have seen a 65.62% increase. As at 31 October 2024:
- The median value for Houses in Highgate Hill is $1,917,849 while the median value for Units is $835,232.
- Houses have a median rent of $650 while Units have a median rent of $550.
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