OFF MARKET

182 Petrie Terrace
Petrie Terrace QLD 4000

Bedrooms: 11
Bathrooms: 5
Car spaces: 5
Land area: 620m2
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Property Details for 182 Petrie Tce, Petrie Terrace

182 Petrie Tce, Petrie Terrace is a 11 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 620m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Land Size
620m2
Local Government
Brisbane
Lot/Plan
1/RP10681

Last Listing description (February 2022)

Situated in a prime position, this is quite possibly one of Petrie Terrace's most exciting opportunities! With the Olympics set for 2032 and property prices continually on the rise, this 620m2 allotment offers the fortunate purchaser the opportunity to seize the day and secure an exciting investment that is set to pay fruits well into the future.

This set of five flats is perfectly located with two-street access, in a rapidly developing growth corridor, on the cusp of the city, close to shopping, cafes, bars, public transport, and schools. They offer a savvy investor huge scope to enjoy an excellent return. Presently offering a combination of two and three bedrooms (4 x 2bed and 1 x 3bed) all with a spacious living area, neat and tidy kitchens, and light filled bathrooms. They all share a large outdoor terrace at the rear and all flats have an allocated undercover car space. Originally modified in 1968, the top-level flats feature adorned favourites including pressed metal ceilings and VJ walls.


Currently yielding a gross return of $1,625/week this is an outstanding investment land bank with development opportunity in the future - this location is unbeatable and proposes an outstanding investment.

Property Brief:

Street proud QLDER purposely converted in 1968
Flat 1 - 3Bed | 1Bath | 1Car (top floor front & rear access)
Flat 2 - 2Bed | 1Bath | 1Car (top floor front & rear access)
Flat 3 - 2Bed | 1Bath | 1Car (ground floor front)
Flat 4 - 2Bed | 1Bath | 1Car (ground floor Front)
Flat 5 - 2Bed | 1Bath | 1Car (ground floor rear)
• Fully leased with a weekly holding income of $1,625 (gross)
East facing 620m2 block with 2 street access & wide frontage
• Contained within the mixed-use zone (MU2) centre frame and further located within the city west neighbourhood plan.
Walking distance to CBD & transport nodes.
• Further development potential (STCA)

All inspections are via qualified private viewings! Contact the agent for the designated times.

This property is being sold without an advertised price. The website may have filtered the property into a price bracket for website functionality purposes.

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Property History for 182 Petrie Tce, Petrie Terrace, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$2,180,000
10 Dec 2021
Listed for Rent
$440/w
04 Feb 2017
  • 10 Dec 2021
    Sold for $2,180,000
  • 17 Sep 2021
    Listed for Sale Under Offer
  • 19 Dec 2016
    Listed for Rent - Price not available
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About 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.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Petrie terrace on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Petrie terrace.

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