16 Hall StreetNorthgate QLD 4013
Property Details for 16 Hall St, Northgate
16 Hall St, Northgate is a 12 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 774m2.
Last Listing description (March 2022)
This property currently consists of six units with 2 bedrooms, 1 bathroom and 1 car park. There is also further potential for investors to build an additional unit or townhouse at a size of approximately 144m2 (subject to council approval).
Situated in a fantastic location only 13.9km from the CBD in an area with very high occupancy, it is in close proximity to the Nundah Village retail precinct and only 400 m walk to Northgate train station.
Current income:
Unit 2 - $330 p/w
Unit 3 - $320 p/w
Unit 4 - $330 p/w
Unit 5 - $320 p/w
Unit 6 - $330 p/w
Total = $101,400 PA approx.
Outgoings:
Rates: $370 approx. per unit, per = $8,880 pa approx.
Water: $370 approx. per unit, per 1/4 = $8,880 pa approx. (can be separately metered to on charge costs to tenants)
Insurance: $1,250 pa approx.
Common electricity: $400 pa approx.
Total = $19,410 approx.
This block is an incredible investment opportunity in a great location with multiple options for investors to increase value and rental yields. A rental appraisal report from North South Executive Rentals and town planner information regarding further development is available on request. Contact Domenico for further information or to book a private inspection.
Information contained on the Website is indicative in nature only should not be relied upon and you should make your own enquiries and seek advice from appropriate experts (including but not limited to Legal, Financial and Planning experts) in respect of any property on the Website or the information about the property contained on the Website. The Seller and agent make no representations that any material used in advertising this property is accurate or complete.
Property History for 16 Hall St, Northgate, QLD 4013
- 29 Jul 2016Listed for Sale $2.1M
- 20 Jan 2016Listed for Rent - Price not available
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0About Northgate 4013
The size of Northgate is approximately 3.3 square kilometres. It has 12 parks covering nearly 13.1% of total area. The population of Northgate in 2011 was 4,304 people. By 2016 the population was 4,553 showing a population growth of 5.8% in the area during that time. The predominant age group in Northgate is 20-29 years. Households in Northgate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northgate work in a professional occupation. In 2011, 54.6% of the homes in Northgate were owner-occupied compared with 52.7% in 2016.
Northgate has 2,771 properties. Over the last 5 years, Houses in Northgate have seen a 63.08% increase in median value, while Units have seen a 56.02% increase. As at 31 July 2024:
- The median value for Houses in Northgate is $1,124,299 while the median value for Units is $623,328.
- Houses have a median rent of $650 while Units have a median rent of $520.
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