OFF MARKET

15 Franklin Street
Kelvin Grove QLD 4059

Bedrooms: 14
Bathrooms: 14
Car spaces: 7
Land area: 1012m2
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Property Details for 15 Franklin St, Kelvin Grove

15 Franklin St, Kelvin Grove is a 14 bedroom, 14 bathroom House with 7 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
House
Land Size
1012m2
Local Government
Brisbane
Lot/Plan
2/RP59153

Last Listing description (August 2022)

Offered to market for the first time since it's construction in the mid-1990s, this 7-unit brick-veneer complex represents a rare city fringe, blue chip investment!

Situated at the end of a cul-de-sac and short walking distance to Victoria Park, QUT, Kelvin State College, RBWH and 3kms from Brisbane CBD, this blue chip 1,012sqm parcel comprises of seven spacious and well-built two-bedroom, two-bathroom and single car lock-up garage apartments.

Currently gross yielding circa $150,000 annually, it's a solid ready-made investment and high growth asset to hold for years to come. Current rental appraisal indicates a potential gross income up to $178,000 annually, if new leases are in place.

Kelvin Grove has become a popular suburb for a range of people wishing to live close to Victoria Park, Brisbane City, Queensland University of Technology (QUT), Kelvin Grove State College (ranked top 5 in Brisbane) and the Royal Brisbane Hospital. Located less than 3km north west of Brisbane's CBD, it is a hilly and pretty suburb. It has experienced good growth in median house prices over the past five years as buyers have taken advantage of the suburb's proximity to the city.

With the 2032 Brisbane Olympics now confirmed, this is an outstanding opportunity to landbank a complex only 8 minutes from the CBD and 400m from the Ballymore Stadium Redevelopment, benefiting from future capital growth.

** Disclaimer**
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.

Property History for 15 Franklin St, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$3,205,000
17 Jun 2022
Listed for Rent
$450/w
09 Jul 2022
  • 05 Jul 2022
    Listed for Rent $450 / week
  • 17 Jun 2022
    Sold for $3,205,000
  • 18 May 2022
    Listed for Sale Auction In-Room Friday 17th June at 6:00pm
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About Kelvin Grove 4059

The size of Kelvin Grove is approximately 1.7 square kilometres. It has 12 parks covering nearly 7.5% of total area. The population of Kelvin Grove in 2011 was 6,017 people. By 2016 the population was 7,913 showing a population growth of 31.5% in the area during that time. The predominant age group in Kelvin Grove is 20-29 years. Households in Kelvin Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelvin Grove work in a professional occupation. In 2011, 37.6% of the homes in Kelvin Grove were owner-occupied compared with 32.1% in 2016.

Kelvin Grove has 4,050 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 54.00% increase in median value, while Units have seen a 61.12% increase. As at 31 October 2024:

  • The median value for Houses in Kelvin Grove is $1,301,998 while the median value for Units is $629,720.
  • Houses have a median rent of $675 while Units have a median rent of $630.
There are currently 27 properties listed for sale, and 19 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 187 properties were sold in the past 12 months in Kelvin grove.

Suburb Insights for Kelvin Grove 4059

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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.