SOLD
Sold on 15 Jan 2024 for $460,000

50/40 Ramsgate Street
Kelvin Grove QLD 4059

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 59m2
Land area: 86m2
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Alan Woo
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Eloise Smith
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Property Details for 50/40 Ramsgate St, Kelvin Grove

50/40 Ramsgate St, Kelvin Grove is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 86m2 and floor size of 59m2. 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 Kelvin Grove in the last 12 months.

Building Type
Unit
Year Built
2011
Floor Size
59m2
Land Size
86m2
Local Government
Brisbane
Lot/Plan
50/SP215067

Last Listing description (February 2024)

*Inspections by Appointments only*

Offering a private and modern lifestyle in an unbeatable location, unit 50 is located on Level 5 with perfect northerly aspect and leafy views. The location is second to none and only 2mins walk to the Victoria Park, Woolworths, Cafes and Restaurants and approx. 5 mins drive to Brisbane CBD.

This oversized apartment at the Theodore Apartment with a total area of 86sqm is a fantastic buy. With a breezy and modern open plan living with floor to ceiling glass frames for the living and bedroom, your new home will be effortlessly cool and offers plenty of natural lighting.

Apartment Features:
- North/East aspect and total area of approx. 86sqm (incl. balcony).
- Light filled open plan living and dining area with split cycle air conditioning, opening out to a great sized balcony.
- Modern design kitchen includes elevated stone benchtop, stainless steel appliances with dishwasher, gas cooktop and good quality oven.
- Oversized balcony with leafy outlook to Victoria Park and large enough to accommodate an outdoor dining and lounge separately.
- The bedroom is very spacious with direct access to the balcony and comes with double wardrobes robes and split cycle air conditioning.
- The bathroom includes a bath and laundry and offers dual access both from the living area and via the walk-through from the bedroom.
- Includes a secure car space and storage cage.
- Onsite management and security access.

*Please note that furniture has been digitally added to the apartment after professional photography has been undertaken.

Complex Features:

Theodore Apartments is an architecturally-designed complex built to embody and reflect the Queensland lifestyle. Made up of 69 apartments, the building includes a swimming pool and an expansive barbeque and relaxation area with two levels of secure basement parking and entrances, also includes storage cages. This is a secure building, with intercom access from the front door and basement.

The Location:

Kelvin Grove has become a popular suburb for a range of people wishing to live close to Brisbane City, Queensland University of Technology (QUT), Kelvin Grove State College (ranked top 5 in Brisbane) and the Royal Brisbane Hospital. Located less than 2.5km 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.

It is walking distance to Victoria Park, the largest inner-city greenspace, with 64 hectares of open space, perfect to have a picnic, kick the footy, climb trees, have a game of putt putt or walk your four-legged friends.

With the 2032 Olympics now officially confirmed, this is also an outstanding opportunity to live in the heart of Kelvin Grove and only 5mins drive from the CBD and benefit from future capital growth.

Kelvin Grove has had an infrastructure boom over the last 8 -10 years with the development of the Kelvin Grove Village. The village is home to many shops, cafes, restaurants and a Woolworths. The Village is also the site of the weekly Kelvin Grove Farmers markets - a popular attraction of the suburb. Well serviced by buses with easy access to the city along Kelvin Grove Road and other major roads, Kelvin Grove will continue to attract residents and tenants.

Alan makes buying real estate simple and stress free, so call Alan today to arrange an inspection to view this amazing property.

Property History for 50/40 Ramsgate St, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$460,000
15 Jan 2024
  • 15 Jan 2024
    Sold for $460,000
  • 23 Oct 2023
    Listed for Sale For Sale Now
  • 29 Aug 2011
    Sold for $455,000
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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 4,101 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 67.63% increase in median value, while Units have seen a 55.36% increase. As at 31 July 2024:

  • The median value for Houses in Kelvin Grove is $1,336,937 while the median value for Units is $585,891.
  • Houses have a median rent of $683 while Units have a median rent of $600.
There are currently 14 properties listed for sale, and 18 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 201 properties were sold in the past 12 months in Kelvin grove.

Suburb Insights for Kelvin Grove 4059

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Alan Woo
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Eloise Smith
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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.