60 Araluen StreetKedron QLD 4031
Property Details for 60 Araluen St, Kedron
60 Araluen St, Kedron is a 2 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1970. The property has a land size of 678m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in July 2020.
Last Listing description (August 2020)
We present a wonderful opportunity to acquire a cash flow investment of 3 units on one title on a 678sqm block in Brisbane's upcoming northern suburb of Kedron.
Generating a total annual income of $780 per week or $40,560 per annum. A great location, close to Chermside Westfield, easy access to ICB, Clem 7, CBD and close to public transport.
==PLEASE VIEW THE VIRTUAL TOUR==
Inspections are external only until under contract which will be subject to internal inspection.
The virtual tour provides a comprehensive look at all units.
Any open home times shown are EXTERNAL inspections only.
Potential options STCA could be
* Land bank and hold $40,560 per year current annual income.
* Update unit 3 interior to increase rental return by approx. $60-70 per week.
* Knock down and rebuild new million dollar home - several examples in the street.
Accommodation -
Built 1970
2 x 1 Bedroom, 1 bathroom, 1 car space units.
1 x 2 bedroom, 1 bathroom, 1 car space unit.
Land Size 678sqm
Land Valuation as at 30 June 2020 - $590,000
Dimensions - 16.2m frontage, 42.6m deep.
Income Breakdown -
Unit 1
2 bedroom, 1 bathroom, 1 car space, fully renovated kitchen, bathroom and living areas with split system air conditioning.
Leased till Dec 2020 @ $295
Been in property since Feb 2020.
Unit 2
1 bedroom, 1 bathroom, 1 car space, fully renovated kitchen, bathroom and living areas with split system air conditioning.
Leased till Feb 2021 @ $275pw
Been in property since Feb 2020.
Unit 3
1 bedroom, 1 bathroom, 1 car space, un-renovated original kitchen and bathroom.
On periodic lease @ $210pw
Been in property since 2015.
Total annual gross income approx. $780 per week or $40,560 per annum.
Rates = Approx $2088 per year
Water = Approx $600 per quarter or $2,400 per year
Property Management Expenses approx = 6% per year or $2,433
Net Income approx = $33,639
Properties are separately metered for gas, electricity and NBN but not water.
Property History for 60 Araluen St, Kedron, QLD 4031
- 18 Jul 2020Sold for $649,000
- 13 Jul 2020Listed for Sale Over $630,000
- 10 Nov 2011Sold for $491,000
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About Kedron 4031
The size of Kedron is approximately 3.5 square kilometres. It has 6 parks covering nearly 6.8% of total area. The population of Kedron in 2011 was 8,593 people. By 2016 the population was 9,335 showing a population growth of 8.6% in the area during that time. The predominant age group in Kedron is 20-29 years. Households in Kedron are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kedron work in a professional occupation. In 2011, 56.4% of the homes in Kedron were owner-occupied compared with 53.5% in 2016.
Kedron has 4,817 properties. Over the last 5 years, Houses in Kedron have seen a 79.61% increase in median value, while Units have seen a 73.71% increase. As at 31 October 2024:
- The median value for Houses in Kedron is $1,334,909 while the median value for Units is $641,055.
- Houses have a median rent of $690 while Units have a median rent of $513.
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