OFF MARKET

401/85 O'Connell Street
Kangaroo Point QLD 4169

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 82m2
Land area: 98m2
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Property Details for 401/85 O'Connell St, Kangaroo Point

401/85 O'Connell St, Kangaroo Point is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 98m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2012
Floor Size
82m2
Land Size
98m2
Local Government
Brisbane
Lot/Plan
401/SP247897

Last Listing description (August 2024)

Situated on the top floor of the rarely available 'Vivid' building, this oversized two bedroom apartment enjoys a sweeping panorama of the city skyline. An unmissable opportunity for first home buyers, owner occupiers looking for low maintenance inner city living and investors looking for strong rental prospects and low vacancy.

Showcasing a sleek and modern aesthetic, the spacious living and dining area forms the heart of the residence. The fully functional and equipped kitchen offers plenty of bench space with stainless steel appliances and ample storage space throughout. Glass sliding doors open out to a spacious entertainer's balcony, for you to sit back and enjoy the ever-changing city views.

This floorplan is perfectly laid out creating great separation between the bedrooms. The king sized master suite is of great proportion offering built in robes, balcony access through the floor to ceiling glass doors and private ensuite. The equally as spacious second bedroom boasts built in robes and easy access to the main bathroom. Both oversized bedrooms enjoy superb natural light and privacy positioned on each end of the apartment.

Complete with secure parking for one car, residents will also appreciate ample visitor parking and direct access to large rooftop entertaining terrace with BBQ facilities. Other notable features include a separate internal laundry, air conditioning and an abundance of storage.

Property features:
- Sweeping panoramic city views
- Functional kitchen with ample storage space & quality appliances
- Open plan kitchen flowing seamlessly into the living & dining area
- Spacious master suite with built in robes, ensuite and balcony access
- Ensuite with shower & toilet
- Equally spacious second bedroom with built in robes
- Main bathroom with shower & toilet
- Radiant natural light & breezes
- Internal laundry
- One secure undercover car space
- Visitor car parking
- Security intercom with lift access
- Direct access to large rooftop entertainment terrace with bbq facilities

Body corporate contributions: $5,038 p.a.
Council rates: $1,600 p.a. (Approx)

Expected rental return of $650 per week.

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 401/85 O'Connell St, Kangaroo Point, QLD 4169

A timeline of how this property has performed in the market
Last Sold
$633,000
05 May 2023
Listed for Rent
$570/w
13 Feb 2023
  • 05 May 2023
    Sold for $633,000
  • 12 Apr 2023
    Listed for Sale $649K+
  • 08 Feb 2023
    Listed for Rent $570 / 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.
There are currently 36 properties listed for sale, and 35 properties listed for rent in Kangaroo point on OnTheHouse. According to CoreLogic's data, 357 properties were sold in the past 12 months in Kangaroo point.

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Disclaimer
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.