OFF MARKET

607/27 Commercial Road
Newstead QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 65m2
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Property Details for 607/27 Commercial Rd, Newstead

607/27 Commercial Rd, Newstead is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 65m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Year Built
2016
Floor Size
54m2
Land Size
65m2
Local Government
Brisbane
Lot/Plan
607/SP273554

Last Listing description (January 2023)

It is easy to see why La Vida Apartments are an in-demand medium density complex in the heart of Newstead. The convenient location just 2kms from the Brisbane CBD and proximity to shopping, amenities and nightlife makes this a highly desirable lifestyle choice.

Positioned on the sixth level, the apartment has a good size all-weather balcony, with easterly aspect. The well configured design has open plan living to lounge, dining and kitchen space. Floor to ceiling sliding doors and ample windows generate abundant lighting and cross ventilation.

Whether you are an entertainer or just wish to kick back, the designer kitchen is a delight, with quality cabinetry, Ilve stainless steel appliances, stone bench tops and copious cupboard space.

The fabulous city and district views across to Teneriffe Hill are the perfect accompaniment to the outstanding facilities which include roof top pool, sauna, BBQ, sun lounge space and entertaining areas. The ground floor has commercial space including coffee shop, restaurant and gym.

NOTABLE FEATURES:
- 1 Bed, 1 bath, 1 car
- Zoned ducted air-conditioning with ceiling fans
- Spacious east facing balcony with district views
- Designer kitchen with Ilve appliances & gas cooktop
- Stone bench tops and storage space
- Tiled flooring to living, carpet to bedroom
- Plush bathroom with frameless shower screen
- Floor to ceiling sliding doors to balcony
- Beautifully appointed modernist foyer
- Internal space 54sqm, balcony 10sqm (total 64sqm)
- Secure allocated basement car space
- Superb roof top pool, sun lounge space and sauna
- Roof top BBQ and entertaining area
- Complex built in 2016, comprises of two towers
- Gasworks and James St shopping precincts nearby
- Shops, eateries and cinemas all within walking distance
- Close to transport (bus & ferry) and cycleways
- High frequency CityGlider bus service
- 2kms to Brisbane CBD

Currently leased until end of mid-Jan 2023. Ideal for investors looking for an investment opportunity to hold them in good stead now and into the future.

Newstead is a historic up-market inner city riverside suburb and is located just 2km from the CBD. The combination of the old and the new, the classic and the modern, gives this suburb an eclectic architectural mix. The nearby Gasworks retail hub and James St shopping and cinema precinct are extremely popular with residents and visitors alike.

This inner-city residence will tick all the boxes especially for buyers who are seeking a convenient location, striking views, spaciousness and a quality well managed building. A must inspect property!

Property History for 607/27 Commercial Rd, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$480,000
22 Nov 2022
Listed for Rent
$435/w
21 Dec 2018
  • 22 Nov 2022
    Sold for $480,000
  • 09 Nov 2022
    Listed for Sale High $400K
  • 15 Dec 2018
    Listed for Rent - Price not available
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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 5,588 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 11 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

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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.