11 Fred StreetRed Hill QLD 4059
Property Details for 11 Fred St, Red Hill
11 Fred St, Red Hill is a 7 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1965. The property has a land size of 632m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (August 2022)
Currently returning a gross weekly income of $1,255 (full leased), this property offers great potential to add value. Live in part of it and lease the rest or purchase solely for investment. The flats are individually metered for gas and electricity. Located in an elevated, corner position this investment offers two street access and low turnover. Take advantage of the current tenancies with fixed term leases in place or consider development potential.
Features include:
* Retro faade
* Communal laundry
Unit 1 is beautifully presented, currently rented for $370 per week boasting separate access, adjacent communal courtyard and deck, welcoming natural light and breezes. Two queen sized bedrooms offer air conditioning and are serviced by the all-inclusive bathroom with shower over bath. The updated kitchen presents quality appliances, ample storage and bench space. Undercover car accommodation is included.
Unit 2 is currently rented for $340 per week and provides direct access to a large deck with a pleasant outlook. Presenting two spacious bedrooms with air conditioning and are serviced by the all-inclusive bathroom with shower over bath. An updated kitchen presents gas cooking and ample storage and bench space. Undercover car accommodation is included.
Unit 3 is currently rented for $280 per week. Presenting two spacious bedrooms serviced by the all-inclusive bathroom with shower over bath. An updated kitchen presents gas cooking and ample storage and bench space. A designated open car space is included
Unit 4 is currently vacant and is located at the rear of the complex. Presenting one generous bedroom serviced by the all-inclusive bathroom with shower over bath. An updated kitchen with gas cooking and ample storage and bench space. With split system air conditioning throughout, this unit is presented well, in great condition.
The astute investor will recognise great value in this property, maintained in good repair with quality tenants and a consistent yield.
Located just 3 kilometres from the CBD and a 6 minute drive to the Kelvin Grove Urban Village, QUT campus and Royal Brisbane & Women's Hospital. The busway located on Musgrave Road is a convenient transport option. Botanica and Le Coin Bistro are popular with the locals. Other local highlights include the iconic Red Hill Cinema and the Paddington café & restaurant precinct. Within the school catchments for Ithaca Creek State School & Kelvin Grove State College. Popular choices for private schools include Brisbane Grammar, Girl's Grammar and St Joseph's College (Terrace).
Contact Mathew Abboud on 0423 629 346 or Max Hadgelias 0411 276 372 for more information and to arrange your viewing today!
* Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only
Property History for 11 Fred St, Red Hill, QLD 4059
- 26 May 2022Sold for $1,456,000
- 28 Apr 2022Listed for Sale Auction
- 15 Sep 2020Listed for Rent - Price not available
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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 2,785 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.
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