OFF MARKET

61 Enoggera Road
Newmarket QLD 4051

Bedrooms: 16
Bathrooms: 8
Car spaces: 8
Land area: 632m2
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Property Details for 61 Enoggera Rd, Newmarket

61 Enoggera Rd, Newmarket is a 16 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 632m2.

Building Type
Unit
Land Size
632m2
Local Government
Brisbane
Lot/Plan
2/BUP2321

Last Listing description (October 2020)

Presented to the market for the first time in over 31 years, this strata-titled block of 8 apartments offers an incredible opportunity to the discerning investor. With 8x2 bedroom, 1 bathroom, 1 garage units to be sold as one. An established property of this size is a once in a lifetime prize for those seeking to build a significant property portfolio.

Neat and functional with a simplistic modernist design that reflects the era, there is further scope for refurbishment to increase the rental yield. With potential to sell individually as required, this superb block is ideally positioned in one of Brisbane's most desirable areas. Just 150m to Reading Shopping Centre Newmarket, 500m to Spencer Park and 1.1km to the train station, it is only 2.7km to Royal Brisbane Hospital and 3.7km to the heart of Brisbane's vibrant CBD.

Features include:

Currently retuning approximately $118,300 per annum
Set on an impressive 779sqm of LMR2 zoned land
Capturing sweeping district views to the city skyline
Open plan lounge/dining areas, private balconies
Original kitchens complete with electric appliances
Single lock-up garages with integrated laundry facilities
Double bedrooms, common sunny garden with lawn
Just moments to Newmarket's renowned lifestyle hub

Expressions of Interest closing 5pm 26/10/2020. The seller reserves their right to accept an offer at anytime.

Phone Haydn Denovan or Lance Denovan for more information or to arrange a private viewing.

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Property History for 61 Enoggera Rd, Newmarket, QLD 4051

A timeline of how this property has performed in the market
  • 01 Oct 2020
    Listed for Sale Expressions of Interest Closing 5pm 26/10/2020

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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 2,486 properties. Over the last 5 years, Houses in Newmarket have seen a 76.49% increase in median value, while Units have seen a 55.60% increase. As at 30 September 2024:

  • The median value for Houses in Newmarket is $1,539,925 while the median value for Units is $691,176.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 8 properties listed for sale, and 15 properties listed for rent in Newmarket on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Newmarket.

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