OFF MARKET

704/16 Merivale Street
South Brisbane QLD 4101

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 53m2
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Property Details for 704/16 Merivale St, South Brisbane

704/16 Merivale St, South Brisbane is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 53m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Unit
Year Built
2012
Floor Size
50m2
Land Size
53m2
Local Government
Brisbane
Lot/Plan
704/SP235603

Last Listing description (January 2022)

Set within walking distance to countless lifestyle attractions, this stylish one bedroom retreat is situated in the executive Morgan Suites and is a fabulous opportunity to either live in or rent out for a great return! Located in the cultural precinct of South Brisbane, renowned for its cosmopolitan lifestyle and immediate access to award winning restaurants, cafes, shops, GOMA, Museums, cinemas and the Brisbane CBD.

Features Include:

- Sleek modern interiors with brilliant separation of spaces

- Sliding glass doors open to balcony
- Well-appointed kitchen with ample storage, stone benches, stainless steel gas cooktop and dishwasher
- Generous master bedroom with built-in wardrobe and ceiling fan
- Designer bathroom with great natural light
- European style laundry
- Air conditioning throughout
- Intercom security
- Readymade investment with strong rental prospects
- On-site gym and pool

Being only footsteps to the South Bank Parklands, GoMa, QPAC, Museums, local hospitals, countless quality restaurants, the eclectic Boundary Street entertainment precinct, the Brisbane River, shops, cafes, multiple train / bus stations and the Brisbane CBD makes the position extremely appealing and highly sought after.

Property History for 704/16 Merivale St, South Brisbane, QLD 4101

A timeline of how this property has performed in the market
Last Sold
$285,000
04 Aug 2022
  • 04 Aug 2022
    Sold for $285,000
  • 01 Nov 2021
    Listed for Sale Offers Over $330,000
  • 16 May 2017
    Listed for Sale For Sale $299,000
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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 10,190 properties. Over the last 5 years, Houses in South Brisbane have seen a 2.88% increase in median value, while Units have seen a 41.38% increase. As at 30 September 2024:

  • The median value for Houses in South Brisbane is $970,315 while the median value for Units is $696,938.
  • Houses have a median rent of $695 while Units have a median rent of $720.
There are currently 40 properties listed for sale, and 40 properties listed for rent in South brisbane on OnTheHouse. According to CoreLogic's data, 657 properties were sold in the past 12 months in South brisbane.

Suburb Insights for South Brisbane 4101

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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.