SOLD
Sold on 03 Nov 2023 for $385,000

406/7 Union Street
Nundah QLD 4012

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 69m2
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Property Details for 406/7 Union St, Nundah

406/7 Union St, Nundah is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 69m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Unit sold in Nundah in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
57m2
Land Size
69m2
Local Government
Brisbane
Lot/Plan
406/SP259977

Last Listing description (November 2023)

Occupying a glorious north facing position in arguably one of the most conveniently located buildings in the village, apartment no.406 at Nexus Apartments presents an ideal opportunity to first home buyers and investors alike.

Clean. Tidy. Low maintenance. Convenient. What isn't desirable about this apartment? Upon entry you are greeted by a breezy open plan living/dining/kitchen plan with north facing balcony that provides epic views across Nundah and onwards to glimpses of the airport and surrounds. Your kitchen is complete with electric appliances including stove, oven, dishwasher, ample storage space, modern floor tiles, and stone bench tops.

The far end of the kitchen presents closable Euro style laundry with included clothes dryer, opposite a space that could be utilised for further pantry storage or dedicated study nook.

The rest of the space is underpinned by quality carpet, crisp modern colour palette, and split system air conditioning.

The master bedroom, north facing, with split system air conditioning and security screens, is accessed via the walk-through wardrobe, past the dedicated ensuite with large shower cubicle, single basin and plenty of cabinetry storage.

All on the fourth floor of a modern building complete with practical touches like secure entry via key-fob or intercom, dedicated covered single car space behind secure gate, lifts, sufficient off-street guest parking, and diligent on-site management.

For the investors; According to CoreLogic, Nundah units have enjoyed strong growth of 24% over the last 3 years, with a further 2.8% over the last 12 months. This unit represents a chance to potentially secure gross rental yield circa 6%+, with your tenants having direct access to very reliable public transport via various bus routes, and Nundah or Toombul train station on the doorstep. Popular Nundah village (various shops, cafes and supermarkets) is walking distance, as are many sporting facilities and parks, with the CBD about 16 minutes away by road, and the airport less than 10 minutes. This ticks all of your investment boxes.

At a glance:

- Modern building with on-site management.
- Walking distance to trains, buses, cafes, supermarkets, parks.
- Brisbane City within 16 minutes drive.
- Brisbane airport within 10 minutes drive.
- Chermside Westfield within 10 minutes drive.
- Split system air conditioning.
- Modern kitchen with electric appliances.
- Potential gross rental yield of more than 6%.
- Tenants in place until January 2024 at least.
- NBN fibre to the curb.
- Nundah State School catchment.
- Aviation State High catchment.
- Continued strong growth in median sale prices over the last 12 months.
- Identified as a flood free area.

Motivated sellers are ready to find a happy new owner for this property. Whether you are an investor seeking a sound option, or new home owner seeking an ideal market entry point, or anything in between, this property is your ideal prospect. Be sure to contact Sean today to register your interest!

All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries. All travel times and distances according to google. Value growth info according to Corelogic June 2023. This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only.

Property History for 406/7 Union St, Nundah, QLD 4012

A timeline of how this property has performed in the market
Last Sold
$385,000
03 Nov 2023
Listed for Rent
$380/w
28 Mar 2022
  • 03 Nov 2023
    Sold for $385,000
  • 17 Oct 2023
    Listed for Sale Under Contract
  • 27 Mar 2023
    Listed for Sale Offers Over $375,000
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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.

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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.