OFF MARKET

4/7 Prospect Terrace
Kelvin Grove QLD 4059

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 126m2
Land area: 126m2
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Property Details for 4/7 Prospect Tce, Kelvin Grove

4/7 Prospect Tce, Kelvin Grove is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 126m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in November 2017.

Building Type
Unit
Year Built
1970
Floor Size
126m2
Land Size
126m2
Local Government
Brisbane
Lot/Plan
4/BUP351

Last Listing description (January 2018)

The Morris Tor Apartments were built in 1969, taking advantage of an elevated position, and have since been regarded as a landmark in Kelvin Grove. The quality of the original construction is evident and the apartments continue to experience high demand from both owner-occupiers and investors.
Apartment 4 enjoys a premium position in the complex, and enjoys unparalleled privacy on its northern and western outlook, being well above street level. It has been renovated and upgraded with upmarket fittings, and is fresh and light. Flooring is beautiful polished timber throughout. The living room provides built-in cabinetry, and a sunny outlook to the north-facing patio through floor to ceiling glass sliding doors.
The new and stylish kitchen provides ample storage, an Ilve 90cm stainless steel under bench oven with an induction cooktop, and dishwasher. It offers good bench space and a breakfast bar.

The double bedrooms are separated from the living rooms, and from each other by a central bathroom. Both bedrooms have newly installed built-in wardrobes, and the master bedroom has on-trend shutters to both sets of windows. The bathroom is very chic, with Rogerseller appliances and white tiling. It offers a generous shower, and compact laundry to one side, with a separate powder room.
A western garden patio has been upgraded with a pergola, LED lighting, all-weather slider shutters for privacy and solar blinds, ensuring you'll enjoy many hours in this pleasant environment at all times of the year. There is also a front podium/deck with a security gate.
The renovation includes complete rewiring, new windows with Crimsafe screens on all doors and windows, and high quality blinds. Shared storage space is provided in a convenient location.
This apartment is very secure, as is the complex itself, with intercom entry. An in-ground pool which is private from the street is available for relaxing. A single car park is provided.
The position of this apartment complex is exceptional. Around the corner you have the Red Hill shops and post office. Walk down the Terrace, and Kelvin Grove Urban Village offers you exciting cosmopolitan amenities such as caf s, restaurants, a supermarket and a weekend community market. A bus stop is just around the corner, but as the CBD is only 3 kms away, walking into the city is not too much of a stretch. The apartment is in the catchment for the highly regarded Kelvin Grove State College, and QUT is a short walk away.

Body Corporate Fees Approx $4658 per annum.

Property History for 4/7 Prospect Tce, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$420,000
09 Nov 2017
  • 09 Nov 2017
    Sold for $420,000
  • 23 Oct 2017
    Listed for Sale Offers over $399,000
  • 22 Jun 2008
    Sold for $377,000
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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 4,094 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 49.93% increase in median value, while Units have seen a 62.03% increase. As at 30 November 2024:

  • The median value for Houses in Kelvin Grove is $1,286,624 while the median value for Units is $639,945.
  • Houses have a median rent of $660 while Units have a median rent of $628.
There are currently 21 properties listed for sale, and 18 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 199 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.