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Sold on 12 Nov 2024 - Price Unavailable

140 Musgrave Road
Red Hill QLD 4059

Bedrooms: 14
Bathrooms: 8
Car spaces: 8
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Property Details for 140 Musgrave Rd, Red Hill

140 Musgrave Rd, Red Hill is a 14 bedroom, 8 bathroom BlockOfUnits with 8 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 14 bedroom BlockOfUnits sold in Red Hill in the last 12 months.

Building Type
BlockOfUnits
Local Government
Brisbane
Lot/Plan
1/RP20631

Last Listing description (November 2024)

Discover a rare investment opportunity in Red Hill, an inner-northern Brisbane suburb that offers peaceful suburban living just moments from the CBD.

Situated on an elevated 810sqm corner block with dual street frontage, this three-storey residential complex features 8 well-appointed apartments, offering a mix of one- and two-bedroom layouts, all with sweeping views over Paddington, Bardon, and beyond. Each apartment includes a functional kitchen, stylish bathroom, and a secure lock-up garage with easy access from Balmain Terrace. With several apartments already tenanted, this 'rent-ready' property guarantees immediate rental income, making it the perfect investment opportunity for the savvy buyer.

Ideally located, the property benefits from frequent bus services along Musgrave Road and is within walking distance of Paddington's vibrant retail and dining precinct, Suncorp Stadium, QUT Kelvin Grove, parks, and cafes.

Key Features:

- 810sqm with dual street frontage
- 8 well-designed apartments with spacious bedrooms and functional kitchens
- Lock-up garages
- Zoned LMR2
- Close proximity to cafes, parks, public transport, QUT Campus, and everyday conveniences
- Moments from Paddington, Suncorp Stadium, Kelvin Grove Urban Village, and easy access to the CBD.

With Brisbane's property market surging, the 2032 Olympics approaching, and increasing interstate and overseas migration, this property is a prime opportunity for future capital growth. Don't miss out on this unique investment!

Property History for 140 Musgrave Rd, Red Hill, QLD 4059

A timeline of how this property has performed in the market
Last Sold
12 Nov 2024
Listed for Rent
$320/w
24 Nov 2017
  • 12 Nov 2024
    Sold
  • 09 Oct 2024
    Listed for Sale Under Contract
  • 16 Jun 2022
    Listed for Sale For Sale
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About 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 2,779 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.
There are currently 23 properties listed for sale, and 13 properties listed for rent in Red hill on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Red hill.

Suburb Insights for Red Hill 4059

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.