60 Princess StreetPetrie Terrace QLD 4000
Property Details for 60 Princess St, Petrie Terrace
60 Princess St, Petrie Terrace is a 6 bedroom, 2 bathroom House and was built in 1930. The property has a land size of 192m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (February 2021)
Situated mid street and North facing with incredible district views of Petrie Terrace, Red Hill and Paddington this remarkable home is a veritable gold mine providing steady returns in a very low vacancy rate precinct.
Currently housing six bedrooms all individually leased, two bathrooms, huge kitchen space with dining area, common living room and laundry. The concreted under croft provides enough space for a least five cars to be parked off street securely, which is an absolute rarity this close to the CBD. The under croft area stretches the entire length and width of the home and has been raised high enough to allow for potential future development (STCA).
The home is certified as an accredited level 1 residential service and does have a Fire safety plan in place and is available to purchase fully furnished. The current rental return is $1070/week with tenants on varying lease agreements. Approximate outgoings include Insurance at $3200 pa, council rates $3200 pa, Gas $600 pa, water $1400 pa and internet access expenses.
The property may be retained as an accommodation house, or could be converted back to a single residence. Inspection is by appointment.
Features include
> Interior recently repainted
> Updated kitchen
> Updated laundry cupboards/sink
> New bathroom added
> New rear fence
> 13.2 KW solar panels and 10 KW inverter system
> All beds upgraded to king singles
> New wardrobes, drawers and side tables in all rooms
> New student desk, chair and lamp to all rooms
> New sofa lounge and dining room table
> New stainless steel ceiling fans
> New 2.6kw reverse cycle air conditioners to all bedrooms
Property History for 60 Princess St, Petrie Terrace, QLD 4000
- 18 Feb 2021Sold for $1,015,000
- 05 Jan 2021Listed for Sale For Sale
- 13 Aug 2020Listed for Sale For Sale
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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.
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