OFF MARKET

27 Granard Road
Rocklea QLD 4106

Bedrooms: 7
Bathrooms: 5
Car spaces: 5
Floor area: 156m2
Land area: 721m2
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Property Details for 27 Granard Rd, Rocklea

27 Granard Rd, Rocklea is a 7 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1950. The property has a land size of 721m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in July 2006.

Building Type
Unit
Year Built
1950
Floor Size
156m2
Land Size
721m2
Local Government
Brisbane
Lot/Plan
1/RP174565

Last Listing description (May 2024)

27 Granard Road in Rocklea is the gift that keeps on giving; a multi-dwelling property where potential runs wild with high yield returns across many business opportunities!

A near 10% yield is often sought and rarely found, but this property has been cleverly designed and has had proven performance as an Air BnB cash cow with 5 different dwellings, each with next-to-no vacancy year round. The most recent gross income earnings were in excess of $110,000pa, with plenty of simple ideas available to further enhance this for yourself for future growth with a few tweaks to the operation and planning of the property.

Current configuration:

- Main Residence: the main floorplan upstairs consists of three bedrooms plus a study, with separate lounge room, and full-sized kitchen, with a rear balcony, updated bathroom, neat and tidy interior paint, polished flooring and beautiful ornate ceilings. The main residence also has its own hot water system.

- Studios 1, 2 and 3: Downstairs are three self-contained studios, each with their own separate direct access, with open plan lounge, bed and kitchen, with their own bathrooms. All of these studios are also air-conditioned, and share one hot water system, and share a power metre too.

- Granny Flat: at the rear of the property is a free-standing studio with its own courtyard and outdoor living space, with kitchenette, and again its own bathroom. This dwelling could easily be given its own laundry space with an easy modification. This space benefits from its own hot water system.

- Community Games: at the rear is a huge under cover entertaining space joining the main residence to the Granny Flat courtyard, and gives rear access to the upstairs level. A large communal laundry room is also adjacent.

- Side Yard: with a near 20m frontage, there is large amounts of additional space is again available at the Eastern edge of the property, fully separate to the Air Bnb dwelling with cleverly designed Street access.

The property has had several enhancements over the years to ensure the yield is run as a tight ship business; there is a 6.6KW solar panel system on the roof, and water tanks servicing water to the toilet flushes for sustainability.

27 Granard Road in Rocklea is location rich, resulting in extremely low vacancy rates making this yield purchase an outlier to the market; this is the GOLDEN GOOSE of Granard Road, and it will not last long, so be sure to contact Nick Bowen today to arrange your own private inspection, or you just might miss out!

Property History for 27 Granard Rd, Rocklea, QLD 4106

A timeline of how this property has performed in the market
Last Sold
$244,000
17 Jul 2006
Listed for Rent
$190/w
21 Jul 2016
  • 28 Sep 2023
    Listed for Sale FOR SALE BY NEGOTIATION
  • 30 Jun 2016
    Listed for Rent - Price not available
  • 17 Jul 2006
    Sold for $244,000
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About Rocklea 4106

The size of Rocklea is approximately 9.3 square kilometres. It has 22 parks covering nearly 13.8% of total area. The population of Rocklea in 2011 was 1,255 people. By 2016 the population was 1,579 showing a population growth of 25.8% in the area during that time. The predominant age group in Rocklea is 20-29 years. Households in Rocklea are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Rocklea work in a professional occupation. In 2011, 55.2% of the homes in Rocklea were owner-occupied compared with 51.1% in 2016.

Rocklea has 1,422 properties. Over the last 5 years, Houses in Rocklea have seen a 83.85% increase in median value, while Units have seen a 62.49% increase. As at 31 October 2024:

  • The median value for Houses in Rocklea is $710,076 while the median value for Units is $506,443.
  • Houses have a median rent of $563 while Units have a median rent of $380.
There are currently 13 properties listed for sale, and 7 properties listed for rent in Rocklea on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Rocklea.

Suburb Insights for Rocklea 4106

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Disclaimer
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.