11/554 Main StreetKangaroo Point QLD 4169
Property Details for 11/554 Main St, Kangaroo Point
11/554 Main St, Kangaroo Point is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 1 bedroom Apartment sold in Kangaroo Point in the last 12 months.
Last Listing description (January 2024)
A fantastic opportunity for those looking to enter the property market, or to attain a positively geared investment with minimal outlay!
Centrally located on a large corner block with genuine development opportunity, this studio apartment offers a great ROI and is priced to sell!
- Current Rental Income - $18,771 p.a.
With a bright, northern aspect and kitchen and bathroom both in very good condition, this fully furnished studio apartment offers a spacious layout. The property has a proven history of solid returns and extremely low vacancy. It is currently tenanted for $360 per week, meaning returns from day one!
Features include:
- Air Conditioning
- Fully furnished
- Close to shops, cafes, bus, parks and the iconic Kangaroo Point cliffs
- On-site laundry facilities
- One car space
- Genuine potential for future development
- Tenant already in place
Contact Lindsay Brown on 0410 285 581 to enquire today!
Property History for 11/554 Main St, Kangaroo Point, QLD 4169
- 16 Jan 2024Sold for $295,000
- 10 Jan 2024Listed for Sale Offers From $295,000
- 09 Jun 2022Sold for $262,500
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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 7,060 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 63.72% increase in median value, while Units have seen a 65.52% increase. As at 31 July 2024:
- The median value for Houses in Kangaroo Point is $1,519,449 while the median value for Units is $794,548.
- Houses have a median rent of $740 while Units have a median rent of $650.
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