7/168 Musgrave RoadRed Hill QLD 4059
Property Details for 7/168 Musgrave Rd, Red Hill
7/168 Musgrave Rd, Red Hill is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 96m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Last Listing description (May 2023)
Perfectly positioned to embrace the inner city lifestyle, this fantastic unit is just metres away from Red Hill shops, public transport, cafes, restaurants and local amenities. This rare offering will appeal to the astute investor seeking a low maintenance investment in a coveted suburb with low vacancy rates yet equally presents great value for buyers looking to enter the property market.
The air conditioned open-plan kitchen, living and dining provides plenty of natural light to the apartment and district views to Mt Coot-tha. Both spacious bedrooms include built-in wardrobes whilst the main bedroom features air conditioning and are serviced by a good-sized bathroom with separate toilet and internal laundry facilities.
Take a closer look at the features this property has to offer:
- 1 bathroom with separate internal laundry and toilet
- Open-plan air-conditioned living/dining
- Spacious kitchen with gas cooktop and ample cabinetry
- Walking distance to shops, restaurants, cinema and public transport
- Well-maintained complex comprising of just 7 units
- Low vacancy rates
- Low maintenance investment
- Body Corporate $1397.00 approx./qtr
A thriving location spoiled with convenience:
- Only 2.7km from Brisbane CBD
- Just 10 minutes' walk to QUT Kelvin Grove campus
- Walk 5 minutes to Red Hill Cinema and catch a movie
- A 13 minute stroll on a Saturday morning to Kelvin Grove Village Markets
- Local shops, cafes, restaurants and so much more just downstairs outside your front door
- Commuting will be a breeze with public transport a 1 minute away
Tenancy details:
$330 per week Periodic Lease Current rental appraisal available upon request
Investment opportunities like this don't present often, the minimal vacancy rate for this unit is a testament to how much the occupants enjoy the surrounding amenities and proximity to shops, restaurants, cinema, public transport along with the short commute to Brisbane CBD and local Universities.
Property History for 7/168 Musgrave Rd, Red Hill, QLD 4059
- 20 Apr 2023Sold for $410,000
- 28 Mar 2023Listed for Sale Offers over $400,000
- 05 May 2017Listed for Rent - Price not available
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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 2,785 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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