SOLD
Sold on 12 Jul 2024 for $925,000

417/27 Commercial Road
Newstead QLD 4006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 101m2
Land area: 116m2
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Property Details for 417/27 Commercial Rd, Newstead

417/27 Commercial Rd, Newstead is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 116m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Newstead in the last 12 months.

Building Type
Unit
Year Built
2016
Floor Size
101m2
Land Size
116m2
Local Government
Brisbane
Lot/Plan
417/SP273554

Last Listing description (October 2018)

Managed Property is so excited to present to you this modern 2 bedroom unit conveniently superbly positioned, scenic Newstead, James Street and tranquil river walks are only minutes away, while the CBD is a short drive or 30 minute walk away!
This gorgeous home features:
- Ducted airconditioning throughout

- Spacious open plan living/ dining area
- Modern kitchen enjoying a gas cook top, large fridge space, a built in microwave and an island bench
- Large master bedroom featuring a walk in robe and ensuite
- Good-sized second bedroom featuring a built-in robe
- Undercover balcony, perfect for all year round entertaining!
- LOCATION LOCATION LOCATION!
Don't miss out on your opportunity to call this unit your new home today! Contact our office to organise an inspection! 07 3139 1701

Property History for 417/27 Commercial Rd, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$925,000
12 Jul 2024
Listed for Rent
$620/w
19 Oct 2018
  • 12 Jul 2024
    Sold for $925,000
  • 19 Oct 2018
    Listed for Rent - Price not available
  • 22 Dec 2016
    Sold for $607,000

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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 5,585 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 34 properties listed for sale, and 11 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 463 properties were sold in the past 12 months in Newstead.

Suburb Insights for Newstead 4006

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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.