40 Lemnos StreetRed Hill QLD 4059
Property Details for 40 Lemnos St, Red Hill
40 Lemnos St, Red Hill is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 615m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
Last Listing description (February 2017)
Located in one of Brisbane's most sought after suburbs, this block of purpose built brick flats is located on a generous 615m2 lot and boasts three apartments (2 x 2 bed, 1 x 1 bed) each with a separate car garage and individual laundries.
Set in a quiet cul-de-sac only km's to Brisbane's CBD and minutes from Paddington's famous cafes precinct, shops, restaurants, public transport, The Barracks and Suncorp Stadium, this property will always enjoy high rental demand. Currently fully occupied and returning $870 per week.
Offering potential to further develop or set up a body corporate (STBCCA), this strong returner allows opportunities to capitalise on an already sensational long term investment.
Features
- 2 x 2 bedroom flats
- 1 x 1 bedroom flat
- Large 615m2 lot
- Individual garages and laundries
- Outstanding location close to CBD
- Mins from Paddington's cafe precinct
- Close to Public Transport and amentities
Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only.
Property History for 40 Lemnos St, Red Hill, QLD 4059
- 17 Nov 2016Listed for Rent $300 / week
- 17 Dec 2015Sold for $921,000
- 30 Oct 2015Listed for Sale $925,000
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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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