SOLD
Sold on 20 Jan 2024 for $195,000

802/188 Shafston Avenue
Kangaroo Point QLD 4169

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 21m2
Land area: 21m2
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Property Details for 802/188 Shafston Ave, Kangaroo Point

802/188 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 January 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
802/SP142469

Last Listing description (October 2024)

The enviable location of this studio apartment positions it at the heart of the booming Brisbane landscape, ensuring a steady stream of income. This a strong, secure and profitable investment. The ?Shafston Mansions? building boasts extremely low vacancy rates, fortifying its appeal for investors seeking consistent rental income and minimized risk.

Property Financials:
- Brisbane City Council Rates: $480 per quarter

- Body Corporate Rates (including electricity): $915 per quarter
- Water: $285 per quarter
- Current Rent: $375 per week
- Lease Status: Leased until 19th March 2024
Based on these figures the yield is 6.4%

The property's proximity to upcoming infrastructure, vibrant amenities, and thriving attractions makes it an irresistible prospect for astute investors seeking both immediate returns and long-term value growth.

Property Features:
- Exceptional 21m2 studio apartment
- Ideal for market newcomers and first-time homebuyers
- Ample built-in storage solutions
- Efficient kitchen with generous storage space
- Includes a convenient study nook, ceiling fan, and portable air conditioner
- Windows for natural ventilation

Amenities at Shafston Mansion:
- Recreational lounge
- On-site laundry facilities
- Fully equipped indoor and outdoor gym
- Cafeteria and business services
- 24/7 on-site building management
- Secure swipe card access for top-tier security

Location Advantages:
- Proximity to upcoming Kangaroo Point Green Bridge for easy CBD access
- Close to dining, cafes, bars, and public transport
- Nearby attractions: Brisbane River, Captain Burke Park, Kangaroo Point Cliffs, and Story Bridge Hotel

This exceptional studio apartment at 802/188 Shafston Avenue presents an outstanding investment opportunity. Boasting a solid yield of 6.4% and a lease until March 2024, it's a lucrative option for investors seeking a strategic foothold in the vibrant Kangaroo Point area. With a perfect blend of financial stability, extremely low vacancy rates, convenience, and attractive amenities, this property is a compelling choice for those looking to capitalize on Brisbane's thriving real estate market.

Don't miss out - seize this opportunity and invest in your future today!

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Property History for 802/188 Shafston Ave, Kangaroo Point, QLD 4169

A timeline of how this property has performed in the market
Last Sold
$195,000
20 Jan 2024
  • 20 Jan 2024
    Sold for $195,000
  • 03 Oct 2023
    Listed for Sale $199,000
  • 03 Oct 2001
    Sold for $159,000

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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 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, 359 properties were sold in the past 12 months in Kangaroo point.

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