SOLD
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Sold on 26 Jun 2024 for $601,500

9/17 Erneton Street
Newmarket QLD 4051

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 66m2
Land area: 75m2
Sold By
Danny Cody
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Team Matthew Jabs
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Property Details for 9/17 Erneton St, Newmarket

9/17 Erneton St, Newmarket is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 75m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Newmarket in the last 12 months.

Building Type
Unit
Year Built
2011
Floor Size
66m2
Land Size
75m2
Local Government
Brisbane
Lot/Plan
9/SP232293

Last Listing description (July 2024)

Here is your opportunity to secure this high return investment in one Brisbane's most sought after suburbs. With two, one-bedroom self-contained apartments on one title, this unique offering is the perfect high yield investment you have been looking for.

Both apartments consist of 1 bedroom with separate living and kitchen and a balcony off the bedroom which includes study desk and built-in robe. One apartment is allocated a car and with a 6% gross annual yield this the perfect investment to sit and hold in your portfolio.

Features Include:

- 2 x 1 bedroom, 1 bathroom apartments
- Bedrooms with built-in robe, study desk and private balcony
- Open plan living
- air-conditioning
- Tiled living areas and carpet in the bedrooms
- Bathroom with shower over bath and laundry
- Single car spot for one apartment
- Close to bus, train and all amenities
- 6% gross annual yield
- 2 lots on 1 title
- Each apartment is returning $350 per week until January 2025
- Body Corp fees $3485.40 per annum
- Great investment

With an abundance of local transport options at your doorstep, parks, cafes, Newmarket swimming pool and plenty of open spaces including bike networks, Newmarket is certainly a place that the locals would rather keep secret.

With a variety of retail options, you are spoilt for choice with Newmarket's Reading Shopping Centre and Reading's newly built Newmarket Village Cinemas, Wilston Village, Stafford City, Big W and Woolworths and Coles Alderley. Farm Street is situated in the highly renowned Newmarket State School & Kelvin Grove State College catchments and is also close to QUT Kelvin Grove campus. The location provides ease of access to the Airport link and Clem 7 tunnel with the Brisbane CBD only a 10min drive and linking you with the north and south coasts.

For further information or to book your inspection please call Danny Cody on 0404 077 102.

** Disclaimer** This property is being sold without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.

Property History for 9/17 Erneton St, Newmarket, QLD 4051

A timeline of how this property has performed in the market
Last Sold
$601,500
26 Jun 2024
Listed for Rent
$350/w
23 Jan 2024
  • 26 Jun 2024
    Sold for $601,500
  • 29 Apr 2024
    Listed for Sale SOLD
  • 24 Jan 2023
    Listed for Rent $320 / week
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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 2,484 properties. Over the last 5 years, Houses in Newmarket have seen a 65.06% increase in median value, while Units have seen a 65.04% increase. As at 31 October 2024:

  • The median value for Houses in Newmarket is $1,548,234 while the median value for Units is $727,254.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 13 properties listed for sale, and 16 properties listed for rent in Newmarket on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Newmarket.

Suburb Insights for Newmarket 4051

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Danny Cody
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Team Matthew Jabs
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.