72 Cambridge StreetRed Hill QLD 4059
Property Details for 72 Cambridge St, Red Hill
72 Cambridge St, Red Hill is a 14 bedroom, 3 bathroom House and was built in 1965. The property has a land size of 960m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (December 2021)
6% + Gross rental yield potential - massive land bank opportunity.
Commanding a hill top position is this wonderful three-level detached, solid brick and tile, post-war home on a massive 960m2 allotment. Zoned LMR2, the property presents a myriad of opportunities. Originally a family home the property is currently used as an accommodation house for students. The home offers fourteen bedrooms most with built-in cupboards, three kitchens, three bathrooms, communal laundry, indoor and outdoor living areas and multiple wrap around balconies. Parking is available for at least three vehicles off street.
With a reasonably level rear garden, elevated inner city position, an almost quarter acre of land, zoning and post war status there are so many possibilities and so much potential.
*For the builder/developer there is the option to remove the home and then re-build a new home or multiple homes with potential city views (STCA) (demolition quote available)
*For the renovator, with it's massive internal floor space, there is the option to convert this solid brick home back into a stunning three level family home and utilise all the extra garden space, plenty of room for a huge lap pool and/or tennis/basketball court !!
*For the investor there is the option to keep the existing property as an income producing asset renting by the room or rent out as a single house, (outgoings and income details available on request)
Cambridge Street, Red Hill is located around 2KM from Brisbane's CBD on the border of Paddington and is known for its elevated peaceful position with stunning views that capture cooling southerly breezes and in some cases city views. Owning a property on this wonderful street is a blessing for the lucky few and one that many aspire to. Properties of this size in this location at this very affordable price are as rare as hen's teeth, don't miss this opportunity, contact me now to arrange your private inspection.
Additional features include
Solar power
Ground level lock up garages
Vacant possession available
INSPECTION BY APPPOINTMENT
To see a virtual inspection of the home click on external link
Inspections are subject to state government covid-19 Advice
Property History for 72 Cambridge St, Red Hill, QLD 4059
- 26 Oct 2021Sold for $1,675,000
- 16 Mar 2021Listed for Sale For Sale
- 09 Nov 2020Listed for Sale SOLD - $902,000
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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 2,824 properties.
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