SOLD
RECENT ADVICE
Sold on 14 Nov 2024 for $670,000

1/19 Telopea Street
Labrador QLD 4215

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 86m2
Land area: 90m2
Sold By
McGrath Paradise Point
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Property Details for 1/19 Telopea St, Labrador

1/19 Telopea St, Labrador is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1987. The property has a land size of 90m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom House sold in Labrador in the last 12 months.

Building Type
House
Year Built
1987
Floor Size
86m2
Land Size
90m2
Local Government
Gold Coast City
Lot/Plan
1/BUP7732

Last Listing description (November 2024)

The Offer
Unique circumstances have made this prized investment property available, offering an exceptional blend of immediate rental returns and substantial future growth potential. Its prime location combines peace and privacy with easy access to essential amenities, making it a highly desirable long-term investment.

This low-maintenance duplex provides secure tenancy until June 2025, ensuring a steady rental income and financial stability. Thoughtfully designed for modern living, the property features a practical layout that balances comfort and functionality. The three generously sized bedrooms all include built-in wardrobes, maximizing storage and enhancing the spacious feel. Current tenants appreciate the home's versatility, using the ample space for family living, guests, and a home office. This flexibility ensures ongoing tenant demand and steady value growth.

At the heart of the property is a bright, open-plan living and dining area that creates an inviting atmosphere. The well-appointed kitchen, with good bench space, makes meal preparation easy while keeping you connected to the living areas-ideal for entertaining or supervising children. This design significantly enhances tenant appeal, contributing to consistent occupancy rates.

Outside, the investment potential continues. A covered patio is perfect for alfresco dining or relaxing, leading to a private, fully fenced courtyard-ideal for pets and children. The double carport provides sheltered parking for two vehicles and extra storage, adding further convenience. Recent upgrades, including freshly painted gutters and downpipes and a fully refurbished roof, boost the property's curb appeal, making it even more attractive to high-quality tenants and enhancing its long-term rental potential.

Highlights
+ Bright open-plan layout
+ Main bedroom with two built-in wardrobes
+ Two additional guest bedrooms with built-in wardrobes
+ Updated bathroom with separate water closet
+ Laundry room with direct backyard access
+ Generous, fully fenced private backyard
+ Undercover alfresco area, perfect for entertaining
+ Double carport with lockable gate access to backyard
+ Split-system air conditioning in the living area and main bedroom
+ Modern new ceiling fans in all bedrooms
+ New downlights throughout
+ Low-maintenance gardens and minimal shared space
+ Newly refurbished roof, including repointing and fresh paint
+ Newly painted eavestroughs and downpipes
+ Space for a garden shed
+ Secure yard suitable for children and pets
+ Modern, compliant smoke alarms
+ Security screens on windows and doors
+ Peaceful walking paths right at your doorstep

Numbers
+ Secure tenancy until June 3, 2025, at $660 per week
+ 84 sqm internal | 12 sqm covered outdoor area | 47 sqm carport
+ Building insurance: $1,300 p.a.
+ Water $299 per quarter
+ Council rates $1,300 per 6 months
+ Built in 1987

The Icing on the Cake
Positioned in a sought-after area, just minutes from Griffith University, Gold Coast Hospital, G-Link light rail, and major sporting facilities, this duplex is a standout opportunity for investors with an eye for value, looking to secure a prime location asset.

Thinking real estate? We should talk! Call Ben on 044 888 4614, your mate in real estate.

Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.

Property History for 1/19 Telopea St, Labrador, QLD 4215

A timeline of how this property has performed in the market
Last Sold
$670,000
14 Nov 2024
Listed for Rent
$550/w
03 Jun 2022
  • 14 Nov 2024
    Sold for $670,000
  • 25 Sep 2024
    Listed for Sale Contact Ben for Details
  • 12 Jan 2022
    Sold for $501,000
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About Labrador 4215

The size of Labrador is approximately 5 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2011 was 16,401 people. By 2016 the population was 18,277 showing a population growth of 11.4% in the area during that time. The predominant age group in Labrador is 20-29 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation. In 2011, 46.2% of the homes in Labrador were owner-occupied compared with 45.1% in 2016.

Labrador has 11,845 properties. Over the last 5 years, Houses in Labrador have seen a 107.49% increase in median value, while Units have seen a 102.17% increase. As at 31 October 2024:

  • The median value for Houses in Labrador is $1,068,941 while the median value for Units is $702,019.
  • Houses have a median rent of $680 while Units have a median rent of $630.
There are currently 131 properties listed for sale, and 35 properties listed for rent in Labrador on OnTheHouse. According to CoreLogic's data, 558 properties were sold in the past 12 months in Labrador.

Suburb Insights for Labrador 4215

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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.