12 Lemnos StreetRed Hill QLD 4059
Property Details for 12 Lemnos St, Red Hill
12 Lemnos St, Red Hill is a 5 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1970. The property has a land size of 675m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (February 2021)
A fantastic opportunity beckons to purchase this boutique complex consisting of three units all currently tenanted with a combined annual rental of approximately $45,000 per annum (approx.), with opportunity for potential to increase to $50,000 per annum (approx..). Situated on a fantastic allotment of 675sqm, there are opportunities abound for discerning investors.
Superbly located in a quiet cul-de-sac in the coveted inner-city suburb of Red Hill, this property is tremendously appealing currently established as 2 x one-bedroom units and 1 x three-bedroom unit. Each unit boasts single lock up garage, air conditioning and outdoor common areas.
With zoning low to medium residential (2 or 3 story mix) created possible scope to add value to the site with future multi-unit redevelopment or site subdivision.
For the astute investor looking for a great residential investment in a prime location, this could be one of the best opportunities you will see this year.
Positioned for total lifestyle convenience, this property is close to local cafes, just 330m to the nearest bus stop and convenient to the Pacific Motorway, QUT Kelvin Grove Campus and the Royal Brisbane Hospital.
Easy access to shops and restaurants in the adjacent Paddington and Caxton Street as well as events at Suncorp Stadium with the ferry terminal in Milton providing river access to the University of Queensland while the Go Between Bridge and William Jolly Bridge provide direct access across the river.
This is an exciting offering in one of the world's most liveable cities.
Property History for 12 Lemnos St, Red Hill, QLD 4059
- 09 Dec 2020Sold for $1,050,000
- 26 Nov 2020Listed for Sale Offers Over $999,000
- 21 Aug 2018Listed for Rent $260 / week
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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 2,786 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.
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