SOLD
RECENT ADVICE
Sold on 02 Aug 2024 for $875,000

406/7 Chester Street
Newstead QLD 4006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 131m2
Save

Property Details for 406/7 Chester St, Newstead

406/7 Chester St, Newstead is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Newstead in the last 12 months.

Building Type
Unit
Floor Size
131m2
Local Government
Brisbane
Lot/Plan
10406/SP286456

Last Listing description (August 2024)

***Please scroll down to find financial information about 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, 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 4
- Large corner unit with a 54m2 balcony with east and north views
- 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 vacant and ready to move in
- Rental income of approximately $820 to $850 Per Week

Best suited for:
Professionals looking for a modern ready to move in unit close to the CBD or investors wanting a quality property to add to their portfolio.

Council: $480.95 approx. per quarter
Water: $230 approx. per quarter (excluding water usage)
Strata: $1692 apppox. per quarter
Total In Sinking Fund: $1,046,971.28

Please contact Peggy on 0404 880 777 for more information.

Property History for 406/7 Chester St, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$875,000
02 Aug 2024
  • 02 Aug 2024
    Sold for $875,000
  • 25 Jul 2024
    Listed for Sale SOLD BY PEGGY LIU
  • 09 Aug 2019
    Sold for $725,000

Commute Calculator

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.

Suburb Insights for Newstead 4006

Market Insights
Newstead Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Newstead Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
Peggy Liu
Show contact details
Aurora Asset Management
Preferred contact:
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.