SOLD
Sold on 24 Feb 2024 for $517,500

2/83 Baines Street
Kangaroo Point QLD 4169

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 70m2
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Property Details for 2/83 Baines St, Kangaroo Point

2/83 Baines St, Kangaroo Point is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 70m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Kangaroo Point in the last 12 months.

Building Type
Unit
Year Built
1976
Floor Size
70m2
Land Size
70m2
Local Government
Brisbane
Lot/Plan
2/BUP2872

Last Listing description (March 2024)

Situated on the ground floor, this residence offers a light filled corner position with all the essential elements to make an appealing first home or solid performing investment in a prime inner city pocket.

On offer is this two-bedroom, one bathroom apartment with an individual lock up garage within a small well maintained complex of only four (4), in a location forever in demand with the Cross River Rail already under construction, and just moments away the underway Green Bridge from Kangaroo Point to the city.

Boasting a slick compact layout filled with natural sunlight, this apartment features open plan living and dining spaces, finished with tiled flooring. The open plan living areas encompass an impressive fully functional kitchen with electric stovetop and rangehood, oven and ample cupboard/bench space. Stepping outside on the patio, this idyllic settling if perfecting for unwinding after a long day or hosting intimate gatherings.

The oversized master bedroom, with its built in wardrobe and ceiling fan, provides a private sanctuary for relaxation. The second bedroom offers versatility and can be used as a guest room or home office. The main bathroom can be easily accessed by both bedrooms, with shower over bath and integrated laundry.

With secure parking for one car, the apartment also boasts the comfort of a spilt-system air conditioning. Residents will also appreciate the well maintained building, there is nothing like the original builds of Kangaroo Point they're simply unparalleled; from the stability to the sound-proofing.

This apartment is the perfect entry into the market for first-home buyers, investors or downsizers who are searching for low maintenance living whilst being surrounded by great lifestyle options.

Expected rental return of $495 per week.

Property features:
- Fully functional kitchen complete with electric stovetop & rangehood, oven & ample cupboard space
- Tiled flooring throughout
- Bright & breezy with natural sunlight
- Oversized master bedroom with built in robes
- Spacious second bedroom with built in robes
- Main bathroom with shower over bath
- Integrated laundry
- Small patio perfect for entertaining a small gathering
- Single lock up car space
- Boutique complex of 4 residences
- Perfect first home or investment in premium & quiet Kangaroo Point location
- Easy access to public transport

Body corporate contributions: $3,728 p.a.
Council rates: $2,000 p.a. (Approx)

The location offers easy access to the GABBA, public transport, and the Pineapple Hotel and is walking distance to Gardens Point QUT, South Bank TAFE, and PA Hospital.

Kangaroo Point is an upscale inner-city peninsula paradise, surrounded by water and parklands. Transport needs are serviced by ferries, City Cats, buses with quick access to the Clem Jones tunnel, South East Freeway and Story Bridge. Entertainment is supplied by the Jazz Club, Story Bridge Hotel and the Gabba'.

The area boasts many high-quality restaurants and cafes, all within walking distance. Those who reside in Kangaroo Point enjoy the benefits of an inner-city lifestyle in a peaceful setting without the hustle and bustle. Strong demand exists for both rentals and sales in this exclusive premier location.

Property History for 2/83 Baines St, Kangaroo Point, QLD 4169

A timeline of how this property has performed in the market
Last Sold
$517,500
24 Feb 2024
Listed for Rent
$370/w
27 Dec 2017
  • 24 Feb 2024
    Sold for $517,500
  • 12 Feb 2024
    Listed for Sale Buyers From $495K Must Inspect
  • 21 Feb 2022
    Listed for Rent $395 / 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 6,999 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 55.75% increase in median value, while Units have seen a 65.41% increase. As at 30 September 2024:

  • The median value for Houses in Kangaroo Point is $1,635,935 while the median value for Units is $817,925.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 50 properties listed for sale, and 37 properties listed for rent in Kangaroo point on OnTheHouse. According to CoreLogic's data, 368 properties were sold in the past 12 months in Kangaroo point.

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Justin Smith
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Soren Andersen
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Kangaroo Point Real Estate
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.