12 Dyne StreetRed Hill QLD 4059
Property Details for 12 Dyne St, Red Hill
12 Dyne St, Red Hill is a 8 bedroom, 4 bathroom Unit. The property has a land size of 670m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 8 bedroom Unit sold in Red Hill in the last 12 months.
Last Listing description (November 2023)
Comprising of 4x 2 bed, 1 bath, 1 car units, this apartment complex presents a superb opportunity in a sought-after precinct just 3.5km to the CBD.
Ideal for investors or your superannuation, this high-income-producing asset boasts no Body Corporate and a prime position with buses, cafes and restaurants within walking distance.
The solid building features quality brick construction with staircase access. Each apartment includes a combined living/dining area with a kitchen, 2 bedrooms with built-in robes, a central bathroom/laundry, and undercover parking for 1 car.
With all 4 units currently rented, you can start seeing immediate returns on your investment. For buyers wishing to capitalise further, there is potential to renovate the complex and generate higher rental income or redevelop the site (STCA).
Unit 1 current rent $325 p/w potential rent $450 to $460 p/w
Unit 2 current rent $325 p/w potential rent $450 to $460 p/w
Unit 3 current rent $325 p/w potential rent $450 to $460 p/w
Unit 4 current rent $295 p/w potential rent $450 to $460 p/w
Current annual rental income $66,040
Potential annual rental income $95,680
Council Rates - $1,591.10 p/qtr
Water Rates - $1,096.52 p/qtr
Perched in a quiet, leafy street, the units offer serene inner-city living just a stone's throw from amenities. Only 250m to Arthur Terrace Coffee Shop and 700m from Musgrave Road, featuring popular cafes, restaurants, Red Hill Cinema, medical centre, pharmacy and post office. The famed Paddington precinct is 1km away, boasting a wider array of supermarkets, shopping and dining hot spots.
Bus stops are 130m from the complex, and residents can walk to local parks, Broncos Leagues Club, Avenues Early Learning and Ithaca Creek State School. Just 3.5km to the CBD, 1.7km to QUT Kelvin Grove, 2.2km to Suncorp Stadium and close to renowned private schools everything is close at hand.
Property History for 12 Dyne St, Red Hill, QLD 4059
- 27 Sep 2023Sold for $1,800,000
- 14 Aug 2023Listed for Sale Not Disclosed
- 23 Mar 2023Listed for Sale For Sale
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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 2,823 properties.
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