118 Petrie TerracePetrie Terrace QLD 4000
Property Details for 118 Petrie Tce, Petrie Terrace
118 Petrie Tce, Petrie Terrace is a 6 bedroom, 3 bathroom Unit. The property has a land size of 316m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (December 2021)
JPM Commercial is proud to offer to the market 118-120 Petrie Tce, Petrie Terrace via offers to purchase. This outstanding investment opportunity comprises two buildings over two separate lots with a long lease to an established backpacker accommodation business which has operated from the property for over 28 years. Strategically located in the burgeoning inner western city fringe offering future development/redevelopment potential.
- Less than 1km to Brisbane CBD.
- Two lots on total land area of 620m2
Prime high exposure corner location in the vibrant Caxton
Street precinct.
Established long running business for over 28 years.
Elevated position on busy Petrie Terrace offering
impressive views of Mt Coot-tha and the surrounding
region.
Well maintained accommodation comprising 21 rooms.
Major development and infrastructure projects in direct
vicinity.
Property History for 118 Petrie Tce, Petrie Terrace, QLD 4000
- 05 Nov 2021Sold for $1,500,000
- 02 Apr 2019Listed for Sale Not Disclosed
- 07 Aug 2017Sold for $1,255,000
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0About Petrie Terrace 4000
The size of Petrie Terrace is approximately 0.3 square kilometres. It has 2 parks covering nearly 6.4% of total area. The population of Petrie Terrace in 2011 was 1,183 people. By 2016 the population was 1,134 showing a population decline of 4.1% in the area during that time. The predominant age group in Petrie Terrace is 20-29 years. Households in Petrie Terrace are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Petrie Terrace work in a professional occupation. In 2011, 39.7% of the homes in Petrie Terrace were owner-occupied compared with 38.9% in 2016.
Petrie Terrace has 636 properties. Over the last 5 years, Houses in Petrie Terrace have seen a 54.64% increase in median value, while Units have seen a 14.62% increase. As at 31 October 2024:
- The median value for Houses in Petrie Terrace is $1,380,414 while the median value for Units is $558,122.
- Houses have a median rent of $700 while Units have a median rent of $435.
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