123 Musgrave AvenueLabrador QLD 4215
Property Details for 123 Musgrave Ave, Labrador
Last Listing description (March 2019)
Surrounded by parkland with DA & BA in place, this site is ready to build.
** Realistic revenues with builder s profit on costs showing 30% return.
Exceptional location allowing residents an easy stroll through adjoining park to Gold Coast Hospital, Griffith University and light rail. Trendy shops and restaurants are at your doorstep.
Apartment designs are thoughtfully configured to suit the demographic profile of this area and includes 15 x 2-bed and 13 x 1 bedroom apartments. Apartment sizes range between 80sqm and 140sqm and provide excellent value for money.
Gold Coast's current low vacancy rates at 1.1% needs this project ready now.
123 Musgrave Avenue is an excellent opportunity to purchase a fully approved site in a market where supply is heavily in demand.
Strong locational attributes close to the Broadwater and walking distance to trendy Chirn Park with cafe's, restaurants and shops. Major landmarks include:
Bus - passes
Parkland - adjacent and opposite
Shops, cafes & Restaurants - 700 metres*
Schools - 1.5 kilometres*
Broadwater - 1.5 kilometres*
Gold Coast Hospital - 2 kilometres*
Griffith University - 2.1 kilometres*
Southport CBD - 2.5 kilometres*
Harbourtown - 3.4 kilometres*
*approx.
Please contact the exclusive agent Richard McCouaig from Cushman & Wakefield for more information or to arrange an inspection.
Property History for 123 Musgrave Ave, Labrador, QLD 4215
- 28 May 2024Sold for $2,000,000
- 05 Sep 2020Sold for $1,600,000
- 01 Feb 2019Listed for Sale Contact Exclusive Agent
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0About 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.
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