OFF MARKET

124/53 Vernon Terrace
Teneriffe QLD 4005

Bedrooms: 1
Bathrooms: 2
Car spaces: 1
Floor area: 96m2
Land area: 97m2
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Property Details for 124/53 Vernon Tce, Teneriffe

124/53 Vernon Tce, Teneriffe is a 1 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1900. The property has a land size of 97m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
Unit
Year Built
1900
Floor Size
96m2
Land Size
97m2
Local Government
Brisbane
Lot/Plan
124/BUP103463

Last Listing description (September 2020)

Offered for sale by expressions of interest is this remarkable Mactaggarts warehouse loft conversion that renews its devotion to its almost 100-year-old English trading heritage. Behind the intimate panelled sitting room and generous entry hall lies the perfect exemplar of all the authentic character that a Teneriffe Woolstore apartment can offer. Affectionately dubbed 'The Atrium' by its current owners, the apartment is one of only twenty-four 2bedroom, 2bathroom wool store lofts left on the Brisbane river. A rarity sure to impress even the biggest Teneriffe precinct enthusiast. Perched in the rafters, the original conversion in the mid 1990's suffered from an early attempt at minimalism; the result was a particularly sterile sea of white; with the only exceptions being a rather garish kitchen in fire engine red, and floors adorned with schoolhouse blue polyester carpet. The new renovation philosophy was simple. Research and Restore the apartment to its original authentic character, and marry this with a sympathetic update to reflect the provenance and contemporary lifestyle of the Teneriffe community. The process of bringing it to life required often painstaking efforts and careful consideration to every detail. The first stage was restoring all original features, and stripping the apartment of its recent bastardisations:- Exposing the 94 yr old English oak beams- Exposing the brick exterior facing wall (highlighting the English bricks used as ballast on returning wool ships)- Repainted the entire apartment a soft palette of premium Farrow and Ball French Gray and Dulux Professional low sheen Bone White, Antique Ruin, and Beige Intent. - Painting all metal supporting pillars and braces in iron grey in contrast to the soft interior hues. The next step was about enhancing the character of the apartment, nodding to its origins, utilising thoroughly contemporary fixtures and fittings- Oversized walnut timber ceiling fan above the open plan living and meal areas- Installing custom timber plantation shutters in both bedroom windows to control light, temperature and air flow, and maximise the apartments North Eastern aspect. - Fitting 4m drop custom living room drapes (reminiscent of cotton and linen widely used in Australia in 1924). - Floor boards mirroring the oak beams (including gold standard insulation)- Heritage wall panelling in the front bedroom (current set up as a sitting room)- Installation of a new kitchen with modern shaker style cabinetry, exposed timbers and subway tiled splashbacks. (including stainless steel appliances)- Updating all electrical plugs and points to today's standardIn the owner's words. What we love about the apartment:- The location and proximity to Gasworks, New Farm park and village, and of course the convenience of all transport links on your doorstep - The building and garden itself and its delightfully restorative riverfront setting, including huge residential gardens, heated pool, lawns, seating areas and bbq facilities- Being perched in the rafters is absolutely private, airy, peaceful and quiet- The huge 6meter high ceilings and oak beams still impress years after their unmasking- The light and natural air enjoyed by every room; including windows to the outside world in both bedrooms, often sorely missing in wool store apartments. - The river breezes and morning light dancing on the walls and ceilings- Living on the top floor without overhead noise amongst respectful fellow owner-occupier neighbours- Great coffee under the figs on site at Dots cafe. (Meg's banana bread is to die for) Other details and important bits to note:- Title contains one undercover security carpark- Included fixtures: Library shelving, bedroom armoire and floating hall cupboards - Body corporate fees indicative of heritage upkeep $1,640 / qtr - Building sinking and working funds stand at $200,000- Styled by interior designer Corey Forsyth. Details available on request through Ray White New Farm

Property History for 124/53 Vernon Tce, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$695,000
16 Aug 2020
Listed for Rent
$495/w
10 Mar 2011
  • 16 Aug 2020
    Sold for $695,000
  • 05 Aug 2020
    Listed for Sale Under Contract
  • 15 Aug 2015
    Sold for $585,000
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About Teneriffe 4005

The size of Teneriffe is approximately 0.9 square kilometres. It has 2 parks covering nearly 4.3% of total area. The population of Teneriffe in 2011 was 4,700 people. By 2016 the population was 5,344 showing a population growth of 13.7% in the area during that time. The predominant age group in Teneriffe is 30-39 years. Households in Teneriffe are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Teneriffe work in a professional occupation. In 2011, 41.6% of the homes in Teneriffe were owner-occupied compared with 42.3% in 2016.

Teneriffe has 3,771 properties. Over the last 5 years, Houses in Teneriffe have seen a 21.18% increase in median value, while Units have seen a 66.73% increase. As at 31 October 2024:

  • The median value for Houses in Teneriffe is $2,045,362 while the median value for Units is $996,566.
  • Houses have a median rent of $858 while Units have a median rent of $750.
There are currently 27 properties listed for sale, and 22 properties listed for rent in Teneriffe on OnTheHouse. According to CoreLogic's data, 236 properties were sold in the past 12 months in Teneriffe.

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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.