7/85 Deakin StreetKangaroo Point QLD 4169
Property Details for 7/85 Deakin St, Kangaroo Point
7/85 Deakin St, Kangaroo Point is a 1 bedroom, 1 bathroom Unit and was built in 1995. The property has a land size of 89m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (June 2016)
**Investors Only**
Set across the Brisbane River from the Brisbane CBD this one bedroom apartment was fully refurbished in 2015 at a cost of approx $20,000 and consists of a fully equipped kitchen including dishwasher, oven and hotplates.
Lease Details
Current Income: Annual rent of $21,319 plus approx $1200** of rebates for services
Next Rent Increase: 15/10/2016
Current Return: 8.86% Gross / Net 6.03%
Lease Terms: Lease to 14/10/2017 plus 2 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2017)
**Services such as Foxtel, Gas and Electricity are being paid for though the body corporate and as a result the tenant reimburses each quarter
Approximate Owner Outgoings:
Council Rates: $1264.20 p/a approx
Water Rates: $703.92 p/a approx
Body Corporate Administration fee: $3990.8 p/a approx
Body Corporate Sinking fund: $1250.04 p/a approx
Fully refurbished, one bedroom apartment on the ground floor. As Lot 7 was occupied, photos are of an identical unit being apartment 226 (The only difference between the two apartments is the carpet and the feature wall, both are different colours. Photo's of lot 7 are available upon request)
Property History for 7/85 Deakin St, Kangaroo Point, QLD 4169
- 22 Jun 2022Sold for $260,000
- 19 May 2016Sold for $260,000
- 19 Apr 2016Listed for Sale Not Disclosed
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0About 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.
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