SOLD
Sold on 17 Jun 2024 for $225,000

522/188 Shafston Avenue
Kangaroo Point QLD 4169

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 25m2
Land area: 28m2
Sold By
Spencer Group Property
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Property Details for 522/188 Shafston Ave, Kangaroo Point

522/188 Shafston Ave, Kangaroo Point is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 28m2 and floor size of 25m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Kangaroo Point in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
25m2
Land Size
28m2
Local Government
Brisbane
Lot/Plan
522/SP142469

Last Listing description (July 2024)

Explore an exceptional investment opportunity with this studio apartment situated in Kangaroo Point. Offering modern amenities and high-yield, this property is located in one of Queensland's top-performing suburbs.

Financials:
- Income: $425/week rent, with potential to reach $450/week.

- Expenses (Approximate per quarter):
- Body Corporate: $1100
- Council Rates: $480
- Utilities: $250

Property Highlights:
- 28m? living area, including a 3m? balcony
- NE-facing balcony with river views
- Prime transit access
- Vibrant urban living
- Low Body Corporate Fees: Cost-effective living.

Prime Location:
Enjoy immediate access to dining options, cafes, shops, bars, and bistros. Seamless public transport and a short stroll to the soon-to-be-completed Kangaroo Point Green Bridge for effortless CBD access.

Building Amenities:
- Recreational lounge
- On-site laundry facilities
- Fully equipped gym
- Cafeteria
- On-site building management
Lifestyle Attractions:
Experience the Brisbane River, Captain Burke Park, Kangaroo Point Cliffs, and the Story Bridge Hotel. Kangaroo Point offers scenic beauty and vibrant activities for a unique living experience.

Embrace an inner-city lifestyle with exceptional value and proximity to major Brisbane attractions. This Kangaroo Point gem promises a strong return on investment, especially suited for cash buyers as banks typically don't lend for properties below a certain floor area. Secure your slice of Kangaroo Point's charm and convenience today.

Note: These photos are not of this apartment but are indicative of the typical layout and style of the Unilodge apartments on Shafston Ave, Kangaroo Point, Brisbane.

Property History for 522/188 Shafston Ave, Kangaroo Point, QLD 4169

A timeline of how this property has performed in the market
Last Sold
$225,000
17 Jun 2024
  • 17 Jun 2024
    Sold for $225,000
  • 05 Jun 2024
    Listed for Sale Not Disclosed
  • 02 May 2015
    Listed for Sale Offers Over $189,000
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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.
There are currently 48 properties listed for sale, and 45 properties listed for rent in Kangaroo point on OnTheHouse. According to CoreLogic's data, 372 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.