1 Waterworks RoadRed Hill QLD 4059
Property Details for 1 Waterworks Rd, Red Hill
1 Waterworks Rd, Red Hill is a 18 bedroom, 18 bathroom Unit with 9 parking spaces. The property has a land size of 220m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 18 bedroom Unit sold in Red Hill in the last 12 months.
Last Listing description (August 2024)
A rare investment opportunity presents, a block of nine strata titled units demonstrating a strong holding income. Situated in a central locale secure in the popular city fringe suburb of Ashgrove, this complex is popular with prospective tenants due to its close proximity to the CBD and local amenities within walking distance.
This block of units demonstrates proven returns with further scope to add value and will attract astute investors looking to add to their portfolio or a solid investment opportunity for a self-managed super fund.
Spread over a sprawling 1115m2 block in a prominent position, there is huge potential to capitalise on further improvements and rental return as well as the opportunity to sell off individual units in the future to offset outgoings and mitigate risk.
The complex comprises nine units, offering a gross income of $3,800 per week/ $197,600 per annum with room for further rental return.
High occupancy rates of quality tenancies in a central and popular locale ensures a sound investment.
All nine units feature two bedrooms with built-in robes, two bathrooms, a single lock-up garage and additional car space. Split system air conditioning in the living area and master bedroom, as well as a covered balcony area.
In the current market, demand is high and opportunities to purchase a whole complex of units that have a strata title in place are scarce. With existing tenancies in place and huge potential to further capitalise on this investment, this opportunity presents demonstrated and immediate earning potential.
Located just 4 kilometres and a short commute from the CBD, conveniently situated on the busway with a stop on the doorstep. The Ashgrove shops are within walking distance and provide a host of amenities. Within the school catchments for Ithaca Creek State School & Kelvin Grove State College. Popular choices for private schools include St Finbarr's Primary School, Marist College and Mount Saint Michaels.
Inspect by appointment or contact George Hadgelias on 0403 062 062 or Max Hadgelias on 0411 276 372 for further information about submitting your expression of interest.
Property History for 1 Waterworks Rd, Red Hill, QLD 4059
- 31 May 2024Sold
- 10 Apr 2024Listed for Sale For Sale by Tender
- 21 Sep 2018Listed for Rent - Price not available
Commute Calculator
Recent sales nearby
See more recent sales nearby
0
0
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Red Hill 4059
The size of Red Hill is approximately 140.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of Red Hill in 2011 was 5,546 people. By 2016 the population was 5,565 showing a population growth of 0.3% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 50.6% of the homes in Red Hill were owner-occupied compared with 50.5% in 2016.
Red Hill has 2,786 properties. Over the last 5 years, Houses in Red Hill have seen a 74.64% increase in median value, while Units have seen a 44.09% increase. As at 31 October 2024:
- The median value for Houses in Red Hill is $1,611,831 while the median value for Units is $699,439.
- Houses have a median rent of $720 while Units have a median rent of $505.
Suburb Insights for Red Hill 4059
Market Insights
Red Hill Trends for Houses
N/A
N/A
View TrendN/A
N/A
Red Hill Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
