50 Gebbie StreetKelvin Grove QLD 4059
Property Details for 50 Gebbie St, Kelvin Grove
50 Gebbie St, Kelvin Grove is a 4 bedroom, 4 bathroom Unit with 6 parking spaces and was built in 1960. The property has a land size of 405m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (June 2022)
PROPERTY IS READY FOR THE NEXT LEVEL!
Externally the condition is good. Internally the condition is reasonable to good.
By doing a Cosmetic Renovation including A/C,
Now it is a Buy & hold Investment. #$54,600 p.a.
4 x 1 Bedroom Flats. Tidy addition to your investment Portfolio and approx. 2km to the CBD.
Potential!
* With a Cosmetic renovation including A/C the Rents will increase significantly.
% Strata Title to sell off separately. Ask Agent for further information.
% Strata Title to revalue for equity. Ask Agent for further information.
% To Strata you will need to be creative, by pulling areas under the dwelling onto title.
Ask Agent for further information.
LOCATION
Kelvin Grove is an Inner City Brisbane Suburb - approximately 2km to the CBD. "Walk score" - it is Very Walkable - Most errands can be accomplished on foot.
*Major Grocery Shopping Options are around 1km away, and Numerous Cafes,
Restaurants are within walking distance.
*You do have good access to Transport Options close by. You do have good
access to QUT at Kelvin Grove & Royal Brisbane and Women's Hospital.
% You Must Consult experts in this field, Town Planners and Surveyors. To confirm the possibility of Moving Areas Under the building onto Title, to achieve the 50m2 Status.
You can Strata Title Flats under 50m2 however, Mortgage Insurers will not be happy and this will affect value of the Unit (as you will minimise your market for the Unit).
For Sale by Auction on-site 11.00am
12th December 20, Unless Sold Prior.
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.
Property History for 50 Gebbie St, Kelvin Grove, QLD 4059
- 15 Dec 2020Sold for $921,000
- 12 Dec 2020Listed for Rent - Price not available
- 18 Nov 2020Listed for Sale Block of 4 Flats!
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0About 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 4,099 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 62.39% increase in median value, while Units have seen a 56.56% increase. As at 31 August 2024:
- The median value for Houses in Kelvin Grove is $1,311,910 while the median value for Units is $616,646.
- Houses have a median rent of $680 while Units have a median rent of $600.
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