6/360 Orange Grove RoadSalisbury QLD 4107
Property Details for 6/360 Orange Grove Rd, Salisbury
6/360 Orange Grove Rd, Salisbury is a 4 bedroom, 4 bathroom Unit and was built in 1997. The property has a land size of 273m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (March 2023)
Perfectly located to take advantage of public transport to Griffith University, Brisbane City and Southbank, sits this tidy high yielding townhouse.
Set up specifically to cater for students, each of the 3 bedrooms has an ensuite, reverse cycle air conditioning and internet access. The 3 bedrooms bring in approximately $540 per week. The ground floor has a fully self-contained one bedroom unit with courtyard that is leased to the body corporate for the onsite manager's accommodation. This brings in a further $11,640 income per year. Based on these numbers, the property would make a fantastic investment in this secure complex and take advantage of the great location and return on investment. The property is also ideal for a self-managed super fund looking for a high yielding investment.
Features include
Private rear patio
Fully furnished bedrooms
3 bedrooms, 3 bathrooms upstairs
Fully self-contained 1 bedroom unit downstairs
Short walk to both shops and bus
On-site caretaker
Because the property has been rented for a while, the property has some scope to add a little more to its rental yield and make it more homely. A coat of paint and some new carpets would do the trick. Other properties in the complex are renting for $700 per week. The complex has an on-site caretaker.
Call Tracy Kennedy on 0421 483 360 or Nathan Morris on 0409 320 638 to arrange an inspection before it is too late
.
Property History for 6/360 Orange Grove Rd, Salisbury, QLD 4107
- 04 Nov 2021Sold for $449,000
- 11 Aug 2021Listed for Sale Offers over $439,000
- 29 Nov 2004Sold for $342,000
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About Salisbury 4107
The size of Salisbury is approximately 4.6 square kilometres. It has 10 parks covering nearly 14.9% of total area. The population of Salisbury in 2011 was 6,096 people. By 2016 the population was 6,289 showing a population growth of 3.2% in the area during that time. The predominant age group in Salisbury is 30-39 years. Households in Salisbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Salisbury work in a professional occupation. In 2011, 67.8% of the homes in Salisbury were owner-occupied compared with 67.1% in 2016.
Salisbury has 3,036 properties. Over the last 5 years, Houses in Salisbury have seen a 93.03% increase in median value, while Units have seen a 70.86% increase. As at 31 July 2024:
- The median value for Houses in Salisbury is $1,094,027 while the median value for Units is $671,615.
- Houses have a median rent of $620 while Units have a median rent of $433.
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