27 Knowsley StreetStones Corner QLD 4120
Property Details for 27 Knowsley St, Stones Corner
27 Knowsley St, Stones Corner is a 6 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 799m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (April 2022)
Auction 9am, 05th Feb, Saturday! AUCTION ON SITE! 27 Knowsley st represents a rare opportunity in the current market to purchase an entire block of 5 units in one of Brisbane's up and coming inner city suburbs. Solid blocks like this are becoming increasingly more difficult to find, and in the current climate offer a secure and generous return on your investment.
Located on an elevated 799m2 corner block this brick block of 5 units (1x2 Bed, 4 x 1 Bed, all units have air condition) is in a fabulous location.
Unit 1 - $320/week, 2 bedrooms, 1 bathroom, 1 car park , with good size court yard.
Unit 3 - $270/week, 1 bedroom, 1 bathroom, 1 car park
Unit 4 - $250/week, 1 bedroom, 1 bathroom, 1 car park
Unit 5 - $270/week, 1 bedroom, 1 bathroom, 1 car park
Returning approx. $72000 per annum*, investors looking for a well-maintained low maintenance alternate income stream will be drawn to this property that provides both cash flow and capital growth.
This block has been well maintained and is in excellent condition, easily rented with high occupancy with an opportunity to increase the income.
With some development potential, a real bonus with the 799m2 allotment (20m frontage) zoned LMR2 with city glimpses with options to retain or renovate the existing property, knockdown and potential build new apartments or subdivide and build 2 new homes (STCA).
The location is ideal for renters as it is a very short walk to bus stations, a short walk to the trendy Stones Corner shops, cafes and Aldi. Other nearby places also include:
- 2 minute walk to city inbound bus stations
- Public pool and sports club
- Gym one street away
- Large nature setting with Norman Creek bikeway
- 5kms from Brisbane's CBD
- Brisbane's new Cross River Rail transportation system
Our sellers are determined to sell so take this opportunity to acquire a very good investment opportunity.
For sale by Auction. AUCTION ON SITE, 9 AM, 05TH Feb 2022.
Please contact Cathy Cheng from RE/MAX Community Realty for details regarding this property.
Disclaimer:
Please note: While all reasonable care has been taken in producing this information, I do not warrant the accuracy, completeness or currency of this information and I accept no responsibility for, or in connection with, any loss of damage suffered as a result of any inaccuracies, errors or omissions, or your reliance on this information.
* Entire block
* Not strata-titled
* Close to all amenities
Property History for 27 Knowsley St, Stones Corner, QLD 4120
- 05 Feb 2022Sold for $1,960,000
- 01 Jan 2022Listed for Sale Not Disclosed
- 30 Jul 2021Sold for $1,950,000
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0About Stones Corner 4120
The population of Stones Corner in 2011 was 8,564 people. By 2016 the population was 8,939 showing a population growth of 4.4% in the area during that time. The predominant age group in Stones Corner is 20-29 years. Households in Stones Corner are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stones Corner work in a professional occupation. In 2011, 42.5% of the homes in Stones Corner were owner-occupied compared with 40.8% in 2016.
Stones Corner has 1,666 properties. Over the last 5 years, Houses in Stones Corner have seen a 62.60% increase in median value, while Units have seen a 81.58% increase. As at 31 October 2024:
- The median value for Houses in Stones Corner is $1,254,657 while the median value for Units is $734,109.
- Houses have a median rent of $595 while Units have a median rent of $595.
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