SOLD
Sold on 13 Oct 2023 for $585,000

16/58 Frank Street
Labrador QLD 4215

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 75m2
Land area: 79m2
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Property Details for 16/58 Frank St, Labrador

16/58 Frank St, Labrador is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 79m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 2 bedroom Unit sold in Labrador in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
75m2
Land Size
79m2
Local Government
Gold Coast City
Lot/Plan
16/SP312256

Last Listing description (February 2024)

This near new, 2 bedroom, 2 bathroom, 2 car park apartment is sure to impress everyone, from owner occupiers to investors wanting to add a low stress, high income generating property to their portfolio. Located on the top floor with a northern aspect, the apartment boasts high ceilings and an abundance of light making it truly unique.

Features include:

- Top floor location with high ceilings
- Northern aspect to capitalise on the natural light
- Entertainers kitchen with stone bench tops and stainless appliances
- Master suite with WIR and ensuite
- 2nd bedroom with WIR and private access to bathroom
- Separate laundry
- Hybrid flooring throughout living and dining
- Tandem carpark
- Private storage area
- Walking distance to Broadwater
- Small boutique complex
- Low body corporate

Rates: $900approx 6 months
Water: $300 3 months
Body corp: $58pw approx

The location is second to none, walking distance to the Gold Coast Broadwater, cafes, restaurants, shops and bars. Labrador is seeing significant infrastructure invested into the area making it a certain hotspot for future capital growth.

Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.

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Property History for 16/58 Frank St, Labrador, QLD 4215

A timeline of how this property has performed in the market
Last Sold
$585,000
13 Oct 2023
Listed for Rent
$680/w
17 Nov 2023
  • 27 Oct 2023
    Listed for Rent $680 / week
  • 13 Oct 2023
    Sold for $585,000
  • 05 Oct 2023
    Listed for Sale Sold
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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 11,903 properties. Over the last 5 years, Houses in Labrador have seen a 111.13% increase in median value, while Units have seen a 95.54% increase. As at 31 August 2024:

  • The median value for Houses in Labrador is $1,074,668 while the median value for Units is $666,015.
  • Houses have a median rent of $690 while Units have a median rent of $625.
There are currently 125 properties listed for sale, and 33 properties listed for rent in Labrador on OnTheHouse. According to CoreLogic's data, 575 properties were sold in the past 12 months in Labrador.

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