SOLD
Sold on 03 May 2024 for $700,000

309/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 62m2
Land area: 71m2
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Property Details for 309/113 Commercial Rd, Teneriffe

309/113 Commercial Rd, Teneriffe is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 71m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Teneriffe in the last 12 months.

Building Type
Unit
Year Built
2013
Floor Size
62m2
Land Size
71m2
Local Government
Brisbane
Lot/Plan
309/SP248904

Last Listing description (December 2023)

Situated on level 3 with a leafy green outlook and city views to the left of the balcony, this well kept apartment is thoughtfully designed and conveniently positioned, only a short walk to so many of Teneriffe's best amenities. The best part is, it is vacant and ready for you to move in!

The apartment consists of two generously sized bedrooms with good separation. There is a walk-in robe and ensuite for the master bedroom, built-in wardrobes for the second bedroom, with fans and ducted-air-conditioning throughout. The kitchen is well-appointed with large stone bench-tops, stainless steel oven, electric cook-top, dishwasher, microwave space and plenty of cupboards. There is ample storage throughout.

The building named 'Double One Three' was built in 2014 and has a total of 113 apartments, which conveniently includes an excellent caf, bakery and Woolworth's Metro right below the building. It is also only 200m from the River-walk, Teneriffe Ferry and a huge array of excellent bars, restaurants and cafs.

This apartment will appeal to many types of buyers, please call Anthony on 0430 028 254 to register your interest before it goes under-contract.

- Large Roof-top Barbecue Area with Stunning Views of the River and City
- Secure Basement Car-Space with Over 20 Visitor Parks
- Stylish Lobby, with Great Management
- Two Secure Lock Up Bike Rooms on Ground Level
- Pet Friendly Complex (Upon BC Approval)
- Totally Lift Accessible with Intercom Access
- Rental Appraisal $680 - $730 per week
- Body Corporate fees $4,837 per year
- Sinking Fund Balance $302,347

Property History for 309/113 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$700,000
03 May 2024
Listed for Rent
$495/w
02 Dec 2015
  • 03 May 2024
    Sold for $700,000
  • 23 Nov 2023
    Sold for $650,000
  • 21 Nov 2023
    Listed for Sale Not Disclosed
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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 3,805 properties. Over the last 5 years, Houses in Teneriffe have seen a 26.46% increase in median value, while Units have seen a 64.11% increase. As at 30 September 2024:

  • The median value for Houses in Teneriffe is $2,131,809 while the median value for Units is $987,908.
  • Houses have a median rent of $890 while Units have a median rent of $750.
There are currently 30 properties listed for sale, and 26 properties listed for rent in Teneriffe on OnTheHouse. According to CoreLogic's data, 238 properties were sold in the past 12 months in Teneriffe.

Suburb Insights for Teneriffe 4005

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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.