1/87 Brisbane RoadRedbank QLD 4301
Property Details for 1/87 Brisbane Rd, Redbank
1/87 Brisbane Rd, Redbank is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1988. The property has a land size of 163m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Last Listing description (March 2023)
SOLD BY DARREN #sellingiswhatido
I was surprised at how clean tidy and well maintained this town house is. Located across the road from Redbank Train Station with an easy 25 minute commute to Brisbanes Central Station and with multiple local shops only 200m away and Redbank Plaza only a mere 2 minute drive you are spoilt for choice.
Downstairs is a large open plan carpeted living area with a brick feature wall and a spacious modern style kitchen with an electric stove and overhead cupboards for your convenience. Located off the living area is a very neat private landscaped paved courtyard.
The flood free property is currently rented for a healthy $295 per week until the 22/2/23. The current market rent is now $320 per week and the tenant is wanting to stay on and sign a new lease. The out goings for the property including body corp, insurance and rates are only approx. only $4,780 per year. This is a huge 6.52% gross return. This is a really good set and forget low cost low risk investment. Or an ideal residence for the down sizer or first home buyer.
Please call Darren Boettcher to arrange your personal inspection. #sellingiswhatido
Features:
. Awesome value very neat clean and tidy townhouse
. 2 good sized bedrooms with built in wardrobes and ceiling fans
. Modern styled kitchen with electric stove & overhead cupboards
. Open plan spacious carpeted living room with nice brick feature wall
. Separate bath and shower for your convenience
. Very private secure landscaped court yard
. Very low body corp fees as mentioned above
. Currently rented @ $295 p/wk to a long term tenant ex- 22/2/23
. Current market rent is now $325 tenant wants to sign a new lease
. Directly across from Redbank Rail Station easy 25 min commute
To Brisbane Central Station and 200m to multiple shops
. A mere 2 minute drive to Redbank Plaza Shopping Centre
. Easy access to Logan Motorway, Brisbane, Ipswich & Toowoomba
. Ideal set and forget low risk low cost investment property
. Also ideal for the down sizer and first home owner
. Motivated seller has priced to sell and wants offers to consider
. Contact Darren Boettcher to arrange your inspection
. #sellingiswhatido
Property History for 1/87 Brisbane Rd, Redbank, QLD 4301
- 13 Jan 2023Sold for $242,000
- 19 Dec 2022Listed for Sale Offers Over $235,000
- 22 Aug 2020Listed for Rent $285 / week
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About Redbank 4301
The size of Redbank is approximately 8.3 square kilometres. It has 9 parks covering nearly 3.1% of total area. The population of Redbank in 2011 was 1,605 people. By 2016 the population was 1,848 showing a population growth of 15.1% in the area during that time. The predominant age group in Redbank is 10-19 years. Households in Redbank are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Redbank work in a labourer occupation. In 2011, 52% of the homes in Redbank were owner-occupied compared with 49.6% in 2016.
Redbank has 1,355 properties. Over the last 5 years, Houses in Redbank have seen a 108.49% increase in median value, while Units have seen a 115.50% increase. As at 31 October 2024:
- The median value for Houses in Redbank is $713,088 while the median value for Units is $521,008.
- Houses have a median rent of $523 while Units have a median rent of $445.
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