308/28 Masters StreetNewstead QLD 4006
Property Details for 308/28 Masters St, Newstead
308/28 Masters St, Newstead is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 69m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 1 bedroom Unit sold in Newstead in the last 12 months.
Last Listing description (August 2024)
Welcome to a contemporary gem that effortlessly combines style and practicality. This 1-bedroom, 1-bathroom apartment, complete with an assigned parking space, embodies modern living in Newstead's heart. Nestled quietly on the third floor at the rear of a small residential complex comprising 30 units, this apartment offers a comfortable and peaceful living experience. Act swiftly and secure this exceptional opportunity within the exclusive Masters Street complex before it slips your grasp.
Upon entering, your attention will be captured by a range of amenities that enhance your daily life. Under the impressive 2.6-meter-high ceilings, you'll find features like ample storage, a well-equipped kitchen with stainless steel appliances and electric cooktops, convenient internal laundry facilities, and a modern bathroom.
This property features:
- Well-appointed bathroom. Including a bathtub.
- Convenient Internal Laundry: In-unit laundry facilities for your convenience, making daily chores a breeze.
- Open-Plan Living: Experience a tasteful open-plan kitchen, dining, and lounge area, perfect for modern living and entertaining.
- Expansive Private Balcony: Step out onto a large private balcony, where you can soak in the outdoors and enjoy some fresh air.
- Secure Parking: Rest easy with your dedicated secured parking space, and there's plenty of visitor parking available for your guests.
- Well-Maintained Common Areas: The communal areas are meticulously cared for, enhancing your overall living experience.
- Be embraced by air conditioning and high ceilings throughout
- Rental: Current lease agreement sets the rent at $410 per week until February 2024 - Please note that this may not reflet market rates
- The potential for a rental income of approximately $450-500 per week
- Body Corporate rates are approximately $1,172.69 per quarter, water rates $295 per quarter and Brisbane City Council Rates of $480 per quarter
Situated a mere two kilometers from Brisbane's bustling CBD, this apartment offers immediate access to some of south-east Queensland's finest shopping and dining destinations. Directly across the road lies the vibrant Gasworks precinct, home to Woolworths, Campos, and an array of eateries. Additionally, the nearby Long Island Plaza adds to the appeal, placing this unit in the heart of everything that makes Newstead one of Australia's most vibrant and sought-after suburbs.
For those seeking tranquility, the serene Brisbane River is a stone's throw away, while popular destinations such as Emporium, James Street, and Howard Smith Wharves, with their numerous bars, shops, cafes, and restaurants, are within easy reach. Getting around south-east Queensland is a breeze, thanks to the proximity of various public transport options, including trains, ferries, and buses, all within walking distance. Furthermore, the airport is just a quick ten-minute drive via a convenient tunnel route.
Property History for 308/28 Masters St, Newstead, QLD 4006
- 05 Oct 2023Sold for $417,500
- 20 Sep 2023Listed for Sale UNDER CONTRACT by Mary Buchan
- 30 Aug 2005Sold for $299,000
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0About 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 5,694 properties. Over the last 5 years, Houses in Newstead have seen a -48.76% decrease in median value, while Units have seen a 38.42% increase. As at 31 July 2024:
- The median value for Houses in Newstead is $475,776 while the median value for Units is $771,858.
- Houses have a median rent of $775 while Units have a median rent of $750.
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