16/189 Leichhardt StreetSpring Hill QLD 4000
Property Details for 16/189 Leichhardt St, Spring Hill
16/189 Leichhardt St, Spring Hill is a 1 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 30m2 and floor size of 30m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (November 2022)
Unit 16 at 'The Ridge' on Leichhardt Street is a great opportunity to secure a high yielding investment in a convenient location at exceptional value! It's a perfect unit if you're after a bolthole in Brisbane for when you're here, which you can easily rent out using the hotel services when you're away.
Ideally positioned only short stroll to the vibrant Brisbane City, far away enough from the congestion but close enough to all the action and convenience, it is on the doorstep of many excellent shops, bars and cafes, as well as public transport. Currently in the hotel short-term letting pool, it can also be rented long term, or simply kept as your inner-city pad.
It comes furnished with the refurbishments already done. The complex is extremely well managed and maintained with some recent upgrades, including a recently renovated entertainment room, billiards table, sparkling swimming pool, gym and BBQ area - It represents amazing value for such an outstanding location and amazing building facilities.
This property sits in the middle of some huge infrastructure projects that are coming to Brisbane, such as the Queens Wharf precinct in the city, the Cross River Rail, Victoria park Redevelopment and more. It's amazing opportunity to capitalise on the future growth of Brisbane.
Additional Information:
- Furnishings Included in sale
- Rental Income approx. $18,000 per annum - After management fees, electricity, water, cleaning. (based on the average monthly rental amount of the last 3 months x 12)
- Body Corporate fees $1,342 per quarter
- Council Rates $430.40 per quarter
- Sinking Fund Balance $739,534
Property History for 16/189 Leichhardt St, Spring Hill, QLD 4000
- 27 Sep 2022Sold for $155,000
- 26 Aug 2022Listed for Sale Under Contract
- 06 Jul 2015Listed for Rent - Price not available
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About Spring Hill 4000
The size of Spring Hill is approximately 1.3 square kilometres. It has 7 parks covering nearly 19.6% of total area. The population of Spring Hill in 2011 was 5,258 people. By 2016 the population was 5,958 showing a population growth of 13.3% in the area during that time. The predominant age group in Spring Hill is 20-29 years. Households in Spring Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spring Hill work in a professional occupation. In 2011, 29.6% of the homes in Spring Hill were owner-occupied compared with 29.9% in 2016.
Spring Hill has 5,375 properties. Over the last 5 years, Houses in Spring Hill have seen a 53.65% increase in median value, while Units have seen a 57.93% increase. As at 31 October 2024:
- The median value for Houses in Spring Hill is $1,519,596 while the median value for Units is $548,053.
- Houses have a median rent of $650 while Units have a median rent of $600.
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