48/7 Brown StreetLabrador QLD 4215
Property Details for 48/7 Brown St, Labrador
48/7 Brown St, Labrador is a 3 bedroom, 3 bathroom Unit and was built in 1994. The property has a floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom Unit sold in Labrador in the last 12 months.
Last Listing description (April 2024)
Strictly STUDENT ACCOMMODATION ONLY - Not available to owner occupiers or first home buyers.
Won't last long - this safe investment opportunity is achieving astounding returns and solid demand.
The unit comes with 3 bedrooms, each with an en suite and each bedroom/en suite is rented separately so you earn 3x the income.
This unit has multiple improvements made, including but not limited to: renovated flooring, brand-new air conditioner, new study desks and more.
Gross yield is Circa 11% with the potential to increase depending on the term of the lease for the occupants.
The building has an exclusive agreement in place with the nearby university. This ensures high occupancy, providing owners with security that their investment continues to generate income.
The complex has professional onsite management who handles the day-to-day management of the units and tenants for the owners.
Register your interest with the exclusive selling agent, Joshua Dean on 0447 777 148
***Inspections by appointment only***
Rental income: Currently achieving $800 p.w
Occupancy rate: 80 to 90% average.
Outlays:
City council rates: approx. $42 p.w
Water rates: approx: $46 p.w
Body Corporate Fees: $94.63 p.w
Special levy: $44.33 p.w
Strictly STUDENT ACCOMMODATION ONLY - Not available to owner occupiers or first home buyers.
Property History for 48/7 Brown St, Labrador, QLD 4215
- 28 Feb 2024Sold for $390,000
- 06 Nov 2023Listed for Sale Not Disclosed
- 21 Mar 2022Sold for $242,500
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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 11,893 properties.
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