102A Lambert StreetKangaroo Point QLD 4169
Property Details for 102a Lambert St, Kangaroo Point
102a Lambert St, Kangaroo Point is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1996. The property has a land size of 413m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Last Listing description (June 2021)
Developers and investors, this will only be offered to the market once. 1,228sqm of prime development land in Kangaroo Point, subject to council approval, with direct river views across to New Farm, East Brisbane and Hawthorne. 102A-106 Lambert Street, Kangaroo Point currently encompasses three residential dwellings, with potential holding income of up to $150k per annum.
There are two options for this offering.
The first to purchase and take advantage of the three dwellings, realising their potential holding income, all of which are three bedrooms, two bathrooms, two cars with views of the river. Well built, only 20 years old, the option of renovation, knockdown and rebuild is all possible. The size of each land parcel is the following: 102A Lambert Street 413sqm*, 104 Lambert Street 400sqm* and 106 Lambert Street 415sqm*.
With an option to develop the site within a high density precinct, this allows a unique opportunity with the potential to amalgamate neighboring sites. See IM for further details (STCA)
Located 1km* from Brisbane CBD.
For sale by Expression of Interest closing 4pm Thursday 10 November 2016.
Please contact Simon Caulfield on sc@eplace.com.au or 0437 935 912 or Courtney Maguire on cm@eplace.com.au or 0401 031 668 for a copy of the Information Memorandum and inspection.
*approximate
Property History for 102a Lambert St, Kangaroo Point, QLD 4169
- 17 Jun 2021Listed for Sale Expression of Interest
- 30 Apr 2021Sold for $1,200,000
- 15 May 2017Listed for Rent $690 / week
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About Kangaroo Point 4169
The size of Kangaroo Point is approximately 1.8 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Kangaroo Point in 2011 was 6,999 people. By 2016 the population was 8,050 showing a population growth of 15.0% in the area during that time. The predominant age group in Kangaroo Point is 20-29 years. Households in Kangaroo Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kangaroo Point work in a professional occupation. In 2011, 37.5% of the homes in Kangaroo Point were owner-occupied compared with 36.9% in 2016.
Kangaroo Point has 6,992 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 51.36% increase in median value, while Units have seen a 70.85% increase. As at 31 October 2024:
- The median value for Houses in Kangaroo Point is $1,639,896 while the median value for Units is $814,451.
- Houses have a median rent of $700 while Units have a median rent of $670.
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