112 Melton RoadNundah QLD 4012
Property Details for 112 Melton Rd, Nundah
112 Melton Rd, Nundah is a 7 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 810m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (July 2022)
This solid brick complex of five apartments is ideally located close to the heart of Nundah, just a brief stroll to the train station, village shops and local amenities. It is well presented throughout with secure tenancies in place, and holds enormous future potential to capitalise on such a premium real estate offering.
The building sits on a large 810sqm block of land over two lots zoned Medium Density Residential with many opportunities for further development to increase returns. There are two 2-bedroom apartments, and three one-bedroom apartments, each well-appointed and with existing tenancies in place. There is also parking for each property including undercover carports and internal laundry spaces, plus a good-sized grassed garden.
The property offers a great income generating prospect with returns of approx. $65,000 pa with the potential to increase revenue through renovation or further development to increase the number of apartments on the site (STCA). It also enjoys a prime location that's within close proximity to Nundah Village and Toombul shopping centre, and the airport.
Features include:
Entire boutique block of five apartments
On a large 810sqm level block zoned medium density residential
Two 2-bedroom apartments and three 1-bedroom apartments
Outstanding growth and rental scope with excellent annual returns
Fresh & bright interiors are well presented and in good condition
A carport for each unit plus a good-sized grassed garden
Potential to further update or redesign and increase rental yield
Scope to develop to increase the number of units and build a new three-storey apartment block (STCA)
Well positioned within a stroll to Nundah village and train station
Location:
150m to Toombul Cricket fields
350m to Toombul Dog Park
400m to Nundah Village
550m to Nundah Train Station
650m to Toombul Shopping Centre
650m to Nundah State School
800m to Toombul Train Station
1.1km to Aviation High School
1.2km to Airport Link Tunnel
Less than 4km to Brisbane Airport
8km to Brisbane CBD
Phone Haydn Denovan for more information or to arrange a viewing.
Property History for 112 Melton Rd, Nundah, QLD 4012
- 26 Aug 2023Sold for $1,890,000
- 31 May 2022Sold for $1,550,000
- 06 May 2022Listed for Sale Expressions of Interest Closing 12pm 3rd June 2022
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0About Nundah 4012
The size of Nundah is approximately 3.9 square kilometres. It has 16 parks covering nearly 17.5% of total area. The population of Nundah in 2011 was 10,386 people. By 2016 the population was 12,150 showing a population growth of 17.0% in the area during that time. The predominant age group in Nundah is 20-29 years. Households in Nundah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nundah work in a professional occupation. In 2011, 43.8% of the homes in Nundah were owner-occupied compared with 40% in 2016.
Nundah has 8,264 properties. Over the last 5 years, Houses in Nundah have seen a 58.95% increase in median value, while Units have seen a 78.64% increase. As at 30 September 2024:
- The median value for Houses in Nundah is $1,123,684 while the median value for Units is $658,463.
- Houses have a median rent of $600 while Units have a median rent of $550.
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