SOLD
Sold on 09 May 2024 for $205,000

604/188 Shafston Avenue
Kangaroo Point QLD 4169

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 21m2
Land area: 21m2
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Property Details for 604/188 Shafston Ave, Kangaroo Point

604/188 Shafston Ave, Kangaroo Point is a 0 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 21m2 and floor size of 21m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 0 bedroom Unit sold in Kangaroo Point in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
21m2
Land Size
21m2
Local Government
Brisbane
Lot/Plan
604/SP142469

Last Listing description (June 2024)

Located on the sixth floor of the 'Shafston University Mansions' building, this studio apartment is the perfect entry into the market for first home buyers or investors alike who are searching for low maintenance living whilst being surrounded by great lifestyle options. Take advantage of this opportunity to secure an inner-city haven in a sought after location!

Boasting a slick compact layout filled with sunlight, this apartment features an open floor plan with a fully functional kitchen featuring ample storage space. The bedroom space is of great proportion featuring built in robes, ceiling fan, as well as an easy access to the bathroom displaying shower, toilet and cleverly tucked away storage.

The Shafston Mansion building offers an array of exceptional amenities, including a recreational lounge, on-site laundry facilities, a fully equipped indoor and outdoor gym, a cafeteria, and convenient photocopying and printing services. Furthermore, the building management team is available on-site to attend to all your needs, and secure swipe card access guarantees top-notch security throughout the premises.

Expected rental return of $400 per week.

Property Features:
- Fully functional kitchen with ample storage space
- Built in robes
- Bathroom with shower and toilet
- River glimpses
- Very low vacancy rates
- Perfect first home or investment in a premium location
- Excellent rental returns for investors

Complex Features:
- Professional onsite management
- Fully equipped gymnasium
- Recreational lounge
- Cafeteria
- On site laundry facilities
- Low maintenance and economical body corporate fees include electricity & internet
- Lift access in a secure complex

Body corporate contributions: $3,974 p.a.
Council rates: $2,000 p.a. (Approx)

A fantastic opportunity for those looking to enter the property market, or to attain a positively geared investment with minimal outlay!

It is hard to find a better location, with the Cross River Rail already under construction, and just moments away the underway Green Bridge from Kangaroo Point to the city, this is an area on the move.

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 604/188 Shafston Ave, Kangaroo Point, QLD 4169

A timeline of how this property has performed in the market
Last Sold
$205,000
09 May 2024
  • 09 May 2024
    Sold for $205,000
  • 15 Apr 2024
    Listed for Sale Offers Over $200,000
  • 01 Oct 2010
    Sold for $117,500
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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 6,987 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 40 properties listed for sale, and 26 properties listed for rent in Kangaroo point on OnTheHouse. According to CoreLogic's data, 359 properties were sold in the past 12 months in Kangaroo point.

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Bailey Macoun
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Justin Smith
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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.