SOLD
Sold on 17 May 2024 for $530,000

328/120 Melton Road
Nundah QLD 4012

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 63m2
Land area: 74m2
Sold By
RE/MAX Next International West End
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Property Details for 328/120 Melton Rd, Nundah

328/120 Melton Rd, Nundah is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 74m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Nundah in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
63m2
Land Size
74m2
Local Government
Brisbane
Lot/Plan
328/SP246250

Last Listing description (June 2024)

Don't miss out on this perfect inner-city oasis located in the heart of Nundah. Whether you're a first-time buyer or looking to expand your investment portfolio, this gorgeous two-bedroom apartment offers an exciting opportunity.

Key Features:
- Spacious Living and Dining Area: Seamlessly connected to a balcony, ideal for entertaining

- Well-Appointed Kitchen: Stone benches, stainless steel appliances, ample storage, and dishwasher
- Main Bedroom: Balcony access, built-in wardrobe, and air-conditioning
- Large Covered Balcony: Attractive views and ample space for outdoor entertaining
- Second Bedroom: Mirrored built-in wardrobe, perfect as a home office or guest room
- Modern Comforts: Air-conditioning, blinds, Flyscreens and ceiling fans in both bedrooms
- Secure Parking: Basement-level car park with lift access and additional visitor parking
- Communal Amenities: In-ground pool, spa deck, and barbecue area

This two-bedroom apartment is set on the 3rd level of the sophisticated Park Vue complex. Designed with a contemporary aesthetic and a focus on urban living, it provides a city feel without the high price tag. Residents can enjoy the complex's stunning amenities and the assistance of friendly, experienced managers.

Investment Highlights:
- Current Lease Ends: 02/08/2024
- Rental Income: $530 per week
- Potential Rent Increase: Up to $550- $580 per week after lease expiry
- Strong Rental Return and Low Vacancy Rates

Location Advantages:
- Just 10km from Brisbane CBD
- Short stroll to Nundah Village, cafes, and dining options
- Nundah Rail and bus services within walking distance
- Brisbane Airport and DFO just a 10-minute drive away
- Easy access to walk/bike ways leading to Kalinga Park and Nudgee Beach
- Variety of quality schools located nearby

Contact Information:
For further information or to arrange an exclusive viewing, please contact Isabella on 0431 698 108.

Disclaimer:
We have taken great care to ensure the accuracy of the information provided in this advertisement, but we accept no responsibility for any errors, omissions, inaccuracies, or misstatements. Prospective purchasers should conduct their own inquiries to verify the details provided in this advertisement.

Property History for 328/120 Melton Rd, Nundah, QLD 4012

A timeline of how this property has performed in the market
Last Sold
$530,000
17 May 2024
Listed for Rent
$400/w
14 Aug 2015
  • 17 May 2024
    Sold for $530,000
  • 09 May 2024
    Listed for Sale Under Contract
  • 23 Jul 2015
    Listed for Rent - Price not available
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About 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.
There are currently 39 properties listed for sale, and 37 properties listed for rent in Nundah on OnTheHouse. According to CoreLogic's data, 532 properties were sold in the past 12 months in Nundah.

Suburb Insights for Nundah 4012

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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.