1A Welch StreetPark Avenue QLD 4701
Property Details for 1a Welch St, Park Avenue
1a Welch St, Park Avenue is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 799m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in Park Avenue in the last 12 months.
Last Listing description (March 2024)
Looking for a investment property with a secure rental return of $400 per week, on a lease until 24th October 2024. This property offers you a central location and the possibility of property improvements at a later stage. Perfect time to start or add to your rental portfolio.
* 2 bedrooms with build-in wardrobes & box air-conditioning.
* 1 bathroom, spacious kitchen & dining with electric appliances.
* Security screens & storage area underneath.
* Carport, side access, fully fenced on a 799m2 block.
* Tenanted, returning $400 per week, lease expires 24th October 2024.
* Close to schools & shopping centers, minutes into the city.
Call Jenny Powell to arrange your private inspection...
Property History for 1a Welch St, Park Avenue, QLD 4701
- 12 Mar 2024Sold for $335,000
- 11 Jan 2024Listed for Sale offers over $320,000
- 04 Apr 2022Listed for Rent $390 / week
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About Park Avenue 4701
The size of Park Avenue is approximately 4.6 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Park Avenue in 2011 was 5,366 people. By 2016 the population was 5,089 showing a population decline of 5.2% in the area during that time. The predominant age group in Park Avenue is 20-29 years. Households in Park Avenue are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Park Avenue work in a trades occupation. In 2011, 60.3% of the homes in Park Avenue were owner-occupied compared with 61.8% in 2016.
Park Avenue has 2,665 properties. Over the last 5 years, Houses in Park Avenue have seen a 99.71% increase in median value, while Units have seen a 68.53% increase. As at 30 September 2024:
- The median value for Houses in Park Avenue is $402,847 while the median value for Units is $381,771.
- Houses have a median rent of $470 while Units have a median rent of $340.
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