SOLD
Sold on 20 Feb 2024 for $625,000

1407/12 Cunningham Street
Newstead QLD 4006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 60m2
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Property Details for 1407/12 Cunningham St, Newstead

1407/12 Cunningham St, Newstead is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2017. The property has a land size of 60m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Townhouse sold in Newstead in the last 12 months.

Building Type
Townhouse
Year Built
2017
Floor Size
52m2
Land Size
60m2
Local Government
Brisbane
Lot/Plan
1407/SP275298

Last Listing description (August 2023)

This property is an Investors dream.
Located in the much sought after Haven Newstead complex.
This building has a waiting list of qualified tenants wanting to move in.

One large bedroom overlooking the Brisbane River, with the option of a 2nd bedroom complete with built in wardrobe.
Its modern design and superior rooftop facilities has tenants and owners alike relishing the lifestyle.
Giving a better than Brisbane average of over 5% return on your investment, you will be secure in the knowledge you have made a sound investment for your future.
Located on the 14th floor you will have sweeping views across the Brisbane River, past Hamilton and on a clear day to Stradbroke Island.
Some important details...

- 60m2
- Study room or 2nd bedroom (includes wardrobe)
- Rooftop Facilities- Teppanyaki Bar, Pizza Oven, Fire Pit, Infinity Pool and poolside
Cabanas.
- On-site Manager, Office and Concierge Service.
- Restaurants and retail on ground floor.
- Current rent $470 p/week
- Lease to March 2020
- Body Corp Fees - $3,400 p/annum
- BCC Rates - $1,600 p/annum

Managed by Aurora Assets Management Group, Brisbane's leading Asset and Property Management team.
Call Russel today to arrange your private inspection, or watch for scheduled inspection times.

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Property History for 1407/12 Cunningham St, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$625,000
20 Feb 2024
  • 20 Feb 2024
    Sold for $625,000
  • 08 Aug 2023
    Listed for Sale Not Disclosed
  • 20 Dec 2019
    Sold for $450,000
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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 5,659 properties. Over the last 5 years, Houses in Newstead have seen a -43.14% decrease in median value, while Units have seen a 39.22% increase. As at 30 November 2024:

  • The median value for Houses in Newstead is $573,562 while the median value for Units is $794,155.
  • Houses have a median rent of $750 while Units have a median rent of $750.
There are currently 25 properties listed for sale, and 12 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 459 properties were sold in the past 12 months in Newstead.

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