120 Stanley TerraceTaringa QLD 4068
Property Details for 120 Stanley Tce, Taringa
120 Stanley Tce, Taringa is a 6 bedroom, 4 bathroom Unit and was built in 1930. The property has a land size of 680m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Last Listing description (November 2024)
A rare opportunity to secure a blue-chip investment property in one of Brisbane's most sought-after suburbs. This charming 1930s Queenslander has been tastefully converted into four fully tenanted flats, offering a current rental return of $68,900 per annum. Situated on an elevated block, this property combines timeless character with strong rental income, making it an ideal addition to your investment portfolio.
Located in Taringa, a vibrant and well-connected suburb, this property benefits from its proximity to the University of Queensland, St Lucia campus, and the prestigious Brisbane Boys' College (BBC). With Toowong Village and Indooroopilly Shopping Centre just minutes away, residents enjoy access to a wealth of retail, dining, and lifestyle amenities. Excellent public transport links, including buses and trains, ensure convenient travel to the Brisbane CBD and surrounding areas.
With potential to increase its already impressive yield, this property offers the astute investor the chance to further capitalize through renovations and modern updates. There is ample opportunity to enhance the property's value and rental return by refreshing the interiors further redevelopment (STCA). Don't miss this chance to invest in a high-demand location with plenty of growth potential and great rental returns.
Upstairs the original timber home has been split into two flats, one two-bedroom property with high ceilings, stunning VJ walls and ornate features and the second a one-bedroom apartment with large sunroom and views to Toowong Central and West End. Downstairs has been excavated and built in with two low maintenance single bedroom flats with solid Besser block construction.
A detailed information memorandum is available upon request with a current building and pest report and details of each current lease. This property is being sold by public auction on the 12th of October at the Coronis Woolloongabba office. Please ensure to enquire to express your interest and register to bid on this incredible investment opportunity.
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
NOTE: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Property History for 120 Stanley Tce, Taringa, QLD 4068
- 13 Sep 2024Listed for Sale For Sale
- 05 Apr 2022Sold for $1,240,000
- 03 Feb 2022Listed for Sale For Sale - $1,240,000
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About Taringa 4068
The size of Taringa is approximately 2.1 square kilometres. It has 10 parks covering nearly 9.1% of total area. The population of Taringa in 2011 was 7,175 people. By 2016 the population was 8,386 showing a population growth of 16.9% in the area during that time. The predominant age group in Taringa is 20-29 years. Households in Taringa are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Taringa work in a professional occupation. In 2011, 46.1% of the homes in Taringa were owner-occupied compared with 43.6% in 2016.
Taringa has 5,144 properties. Over the last 5 years, Houses in Taringa have seen a 82.02% increase in median value, while Units have seen a 77.28% increase. As at 31 October 2024:
- The median value for Houses in Taringa is $1,598,324 while the median value for Units is $735,099.
- Houses have a median rent of $680 while Units have a median rent of $600.
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