SOLD
Sold on 19 Jun 2024 for $410,000

2/70 Hope Street
South Brisbane QLD 4101

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 53m2
Land area: 71m2
Sold By
Stephen Pahl
Stephen Pahl Realty
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Property Details for 2/70 Hope St, South Brisbane

2/70 Hope St, South Brisbane is a 1 bedroom, 1 bathroom House and was built in 2007. The property has a land size of 71m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom House sold in South Brisbane in the last 12 months.

Building Type
House
Year Built
2007
Floor Size
53m2
Land Size
71m2
Local Government
Brisbane
Lot/Plan
2/SP184557

Last Listing description (September 2024)

SOLD BY STEPHEN PAHL - 0404 266 085
Oversized, north-facing, and set in a secure boutique building of just 26 apartments, this brilliant residence promises a lifestyle of incredible walk-to-everything ease with immediate vacant possession available.

Whether you are seeking an affordable move-in-ready city home or investment property with proven returns and growth potential, this opportunity is not to be missed.

Located just off cosmopolitan Fish Lane, with its 5-star restaurants, mouth-watering cafes, and vibrant art scene, the modern central address is also only metres from supermarkets, South Brisbane train station, the Museum/performing arts precinct, and Southbank's stunning riverfront parklands.

Plus, a leisurely 10-minute stroll across Victoria Bridge will have you in the heart of the CBD and world-class retail at Queen Street Mall.

Being sold partially furnished, the first-floor apartment boasts a spacious layout with floor-to-ceiling glass doors connecting both the open-plan living area and bedroom to a large entertaining balcony.

Filled with natural light from a perfect northern aspect and cooled by reverse cycle air-conditioning, the interior also features a stone-top kitchen with gas cooking and dishwasher, as well as a great-sized bathroom encompassing a concealed internal laundry. Meanwhile, the beautifully maintained, lift-serviced "Gala Apartments" building offers secure intercom entry and a communal BBQ rooftop terrace capturing spectacular skyline views.

Enjoy the apartment (and its list of bonus furnishings) as-as. Or follow the lead of several owners in the complex who have undertaken a quick, low-cost refresh to immediately add value and increase rental yield.

Either way, this unbeatable address falls within the coveted Brisbane State High and West End Primary School catchments, while offering easy access to universities, TAFE, and the Mater Hospital precinct. Residents can stroll to tranquil Musgrave Park, picturesque riverwalks and popular Streets Beach. Only 200 metres to the busway or train station, it is 400 metres from Southbank's ferry terminal, dining and market precincts, and close to the fashionable West End Village. And, just footsteps from QPAC, GOMA, the QLD Museum and Exhibition Centre, the area's cultural and economic boom is set to continue with the highly-anticipated Queen's Wharf, $2 billion Brisbane Live, and Cross River Rail Developments.

An unmatched location for busy professionals, a pied-a-terre for travelling business people, or even downsizers seeking a diverse urban existence (within an intimate, non-high-rise building), this is a real gem. Likewise, investors can take advantage of Brisbane's record low vacancy rates and the 2032 Olympic Games, with the apartment suitable for either the long-term rental market or popular Airbnb platform.

An absolute must-inspect!

Additional details:
-Included furnishings include refrigerator, brand new dishwasher, microwave, dining table, lounge suite, washing machine and dryer;
-Property is vacant now - ready to move in;
-Rental Assessed at $550 - $570 p/w with minor updates to increase the earning potential
-Small complex of only 26 apartments and very reasonable Body corporate fees;

At a glance
- Large, sunny north-facing apartment in a secure boutique complex of just 26
- Incredible location; walk to train, bus, city-cat, Southbank parkland/beach
- Footsteps to cafes, restaurants, bars, supermarkets, Museum, QPAC
- 10 min walk over the bridge to CBD and Queen St Mall
- Open plan living and the bedroom open to a large entertaining balcony
- Stone top kitchen with gas cooking and dishwasher; internal laundry
- Reverse cycle air-con; intercom entry; communal rooftop terrace with views
- Perfect low-maintenance lifestyle or proven investment; potential to add value
- Partially furnished- ideal for students, busy professionals, downsizers, pied-a-terre

Contact Stephen at stephen@stephenpahl.com.au to inspect or for more detail.
**Please note the bedroom pic is actual, but furniture is indicative virtual**

Property History for 2/70 Hope St, South Brisbane, QLD 4101

A timeline of how this property has performed in the market
Last Sold
$410,000
19 Jun 2024
Listed for Rent
$650/w
29 Jul 2024
  • 12 Jul 2024
    Listed for Rent $650 / week
  • 19 Jun 2024
    Sold for $410,000
  • 15 Jun 2024
    Listed for Sale Not Disclosed
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About South Brisbane 4101

The size of South Brisbane is approximately 2.3 square kilometres. It has 14 parks covering nearly 12.6% of total area. The population of South Brisbane in 2011 was 5,416 people. By 2016 the population was 7,179 showing a population growth of 32.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation. In 2011, 32.8% of the homes in South Brisbane were owner-occupied compared with 29.6% in 2016.

South Brisbane has 10,393 properties. Over the last 5 years, Houses in South Brisbane have seen a -17.47% decrease in median value, while Units have seen a 46.82% increase. As at 31 August 2024:

  • The median value for Houses in South Brisbane is $876,142 while the median value for Units is $720,857.
  • Houses have a median rent of $700 while Units have a median rent of $705.
There are currently 41 properties listed for sale, and 52 properties listed for rent in South brisbane on OnTheHouse. According to CoreLogic's data, 663 properties were sold in the past 12 months in South brisbane.

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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.