SOLD
Sold on 28 Jun 2024 for $200,000

612/188 Shafston Avenue
Kangaroo Point QLD 4169

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 21m2
Land area: 21m2
Sold By
Spencer Group Property
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Property Details for 612/188 Shafston Ave, Kangaroo Point

612/188 Shafston Ave, Kangaroo Point is a 1 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 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
21m2
Land Size
21m2
Local Government
Brisbane
Lot/Plan
612/SP142469

Last Listing description (August 2024)

Enhance your investment portfolio with this delightful studio apartment on the 6th floor of 'Shafston University Mansions.' Enjoy excellent returns and a prime location in central Brisbane.

Key Financials (Approximate):
- Rates: $480/quarter

- Body Corporate: $975/quarter
- Water/Utilities: $250/quarter
- Rent: $395/week
- Currently tenanted until 2nd December 2024

Property Highlights:
- 21m? living space
- Close to the city center and universities

Investor Perks:
- Fully furnished for immediate rental income
- Built-in robes provide ample storage
- Onsite management for hassle-free renting
- Secure complex with elevator access
- Amenities include a recreational lounge, gym, and cafeteria
- Low Body Corporate fees and consistently low vacancy rates

Whether you're a seasoned investor or a newcomer, this is a remarkable opportunity with significant returns. Don't miss out on this exceptional chance in the vibrant heart of Brisbane?act now to secure this lucrative investment!

NOTE: Photos shown are not of this exact apartment but they are a typical representation of the Kangaroo Point 'Shafston University Mansions? rooms.

Disclaimer
Spencer Group Property has made all reasonable endeavours to ensure that all information contained within this website is true and correct. However, Spencer Group does not guarantee its accuracy and accepts no responsibility for any errors, omissions or misrepresentations that may occur. Interested parties should make and rely on their own enquiries to verify the information provided.

Property History for 612/188 Shafston Ave, Kangaroo Point, QLD 4169

A timeline of how this property has performed in the market
Last Sold
$200,000
28 Jun 2024
  • 28 Jun 2024
    Sold for $200,000
  • 22 May 2024
    Listed for Sale Not Disclosed
  • 03 Jun 2008
    Listed for Sale 180000
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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 7,051 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 35.60% increase in median value, while Units have seen a 64.64% increase. As at 31 January 2025:

  • The median value for Houses in Kangaroo Point is $1,554,139 while the median value for Units is $843,348.
  • Houses have a median rent of $688 while Units have a median rent of $680.
There are currently 39 properties listed for sale, and 37 properties listed for rent in Kangaroo point on OnTheHouse. According to CoreLogic's data, 366 properties were sold in the past 12 months in Kangaroo point.

Suburb Insights for Kangaroo Point 4169

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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.