OFF MARKET

18 Garden Terrace
Newmarket QLD 4051

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 317m2
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Property Details for 18 Garden Tce, Newmarket

18 Garden Tce, Newmarket is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 317m2.

Building Type
Unit
Land Size
317m2
Local Government
Brisbane
Lot/Plan
2/SP268256

Last Listing description (March 2023)

Rarely available this strata-titled block of 4 apartments offers an incredible opportunity to the discerning investor. The two-level cavity brick block contains 4 x 2 bedrooms, 1 bathroom, 1 car lock-up garage, and a separate laundry room for each unit. Located in a quiet street only 5kms from the city you are just a short stroll to trains, buses, Newmarket shops, restaurants, swimming pools, and schools. The property is ideally positioned in one of Brisbane's most desirable areas.

300m ~ Newmarket Train Station
200m ~ Bus Stop

400m ~ Newmarket Olympic Swimming Pool
1km ~ Reading Shopping Centre Newmarket

- Perfect addition to your superannuation fund
- Currently returning *$78,500 per annum with the potential to increase
- Classic 1970s cavity brick block
- Elevated 617sqm block
- Consistent low vacancy rates
- Currently no body corporate in effect making an easy investment
- Memorandum of information available on request

The property has been well maintained by the current seller and provides an excellent opportunity to secure a sound income-producing investment in a highly desirable residential location.

Our instructions from the seller overseas are clear, we are knocking down the gavel on this exclusive property on Friday 17th February at Level 24, 215 Adelaide Street, Brisbane from 9:30 am.

To obtain a information memorandum, please contact Dean or Ben Yesberg.

DISCLAIMER: Whilst every effort has been made to ensure the accuracy of the information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their inspections, enquiries, and searches with all relevant authorities.

DISCLAIMER: This property is being sold by auction, therefore due to real estate legislation in QLD and in accordance with REIQ guidelines a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates on this page are not provided by the agent and should not be taken as a price guide.

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Property History for 18 Garden Tce, Newmarket, QLD 4051

A timeline of how this property has performed in the market
  • 24 Mar 2023
    Listed for Sale SOLD At Auction
  • 17 Jan 2023
    Listed for Sale SOLD At Auction

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About Newmarket 4051

The size of Newmarket is approximately 1.7 square kilometres. It has 10 parks covering nearly 9.3% of total area. The population of Newmarket in 2011 was 4,444 people. By 2016 the population was 4,986 showing a population growth of 12.2% in the area during that time. The predominant age group in Newmarket is 20-29 years. Households in Newmarket are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newmarket work in a professional occupation. In 2011, 51.2% of the homes in Newmarket were owner-occupied compared with 46.8% in 2016.

Newmarket has 2,499 properties. Over the last 5 years, Houses in Newmarket have seen a 60.01% increase in median value, while Units have seen a 67.18% increase. As at 30 November 2024:

  • The median value for Houses in Newmarket is $1,555,450 while the median value for Units is $739,190.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 11 properties listed for sale, and 17 properties listed for rent in Newmarket on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in Newmarket.

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