SOLD
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Sold on 11 Jun 2024 for $800,000

1205/7 Chester Street
Newstead QLD 4006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 1205/7 Chester St, Newstead

1205/7 Chester St, Newstead is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. 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 Newstead in the last 12 months.

Building Type
Unit
Local Government
Brisbane
Lot/Plan
11205/SP286456

Last Listing description (June 2024)

*** Please scroll down to find financial information on this property***

Located in the Chester and Ella apartment building in Newstead, just a short walk to the
Gasworks and James Street precinct, this near-new apartment redefines luxury inner-city

living. Featuring a refined contemporary design, light-filled living space, balcony with views
over Tenerife, and a range of concierge services and first-class facilities, this is a vibrant and
sophisticated lifestyle apartment in the heart of Brisbane.

Key Features:
- Modern designer apartment located on level 12 with views over Tenerife
- Two bedrooms with built-ins, separated by the living space + two bathrooms
- Light-filled, elegant open-plan living, dining, & kitchen area with timber floors
- Designer kitchen: Miele appliances, marble waterfall benches, breakfast bar
- Ducted air conditioning, ceiling fans, blinds, secure basement car space
- Concierge service: dry cleaning, car washing, bookings, cleaning, & more
- Two rooftop pools, outdoor cinema, BBQ and outdoor entertaining spaces
- Fully equipped gym, private theatre room, dining room & chef’s kitchen
- Walk to Fortitude Valley State School and New Farm State Primary School
- Walk to James Street, the Gasworks & supermarkets, restaurants, shops
- Walk to transport, close to Brisbane CBD, Chinatown, Fortitude Valley
- Currenlty tenanted till 14/02/25 at $825 per week
- Rental income of approximately $820 to $850 Per Week

Best suited for:
Professionals looking for full-service living close to the CBD or investors wanting a
quality property to add to their portfolio.

BC Levies: $1,520 approx. per quarter
Total in Sinking Fund: $1,089,911.15
BCC Rates: $480.95 approx. per quarter
QUU Rates: $ 240 approx. per quarter (excluding water usage)

Please contact Peggy for further details on 0404 880 777.

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Property History for 1205/7 Chester St, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$800,000
11 Jun 2024
  • 20 Jun 2024
    Listed for Sale SOLD BY PEGGY LIU
  • 11 Jun 2024
    Sold for $800,000
  • 28 Mar 2024
    Listed for Sale SUBMIT BEST OFFER
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About Newstead 4006

The size of Newstead is approximately 0.9 square kilometres. It has 3 parks covering nearly 8.2% of total area. The population of Newstead in 2011 was 836 people. By 2016 the population was 2,204 showing a population growth of 163.6% in the area during that time. The predominant age group in Newstead is 20-29 years. Households in Newstead are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 46.6% of the homes in Newstead were owner-occupied compared with 37.6% in 2016.

Newstead has 5,587 properties. Over the last 5 years, Houses in Newstead have seen a -50.87% decrease in median value, while Units have seen a 40.53% increase. As at 31 October 2024:

  • The median value for Houses in Newstead is $540,666 while the median value for Units is $789,614.
  • Houses have a median rent of $778 while Units have a median rent of $750.
There are currently 33 properties listed for sale, and 10 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 470 properties were sold in the past 12 months in Newstead.

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Contact agent
Peggy Liu
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Aurora Asset Management
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