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Sold on 02 Jul 2024 for $495,000

503/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 51m2
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Property Details for 503/113 Commercial Rd, Teneriffe

503/113 Commercial Rd, Teneriffe is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 51m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Apartment sold in Teneriffe in the last 12 months.

Building Type
Apartment
Land Size
51m2

Last Listing description (July 2024)

Positioned on level 5 of the superbly located 'DoubleOne 3' building in blue-chip Teneriffe, sits this well designed, practical and very convenient apartment. Facing south east towards the river, it is quiet, comfortable and ready to move in! Light and bright with scope to add your own touches or move straight in and enjoy, it is the ideal property for investors, first home buyers, or someone who travels a lot and needs a Brisbane pad.

Convenience is King with this property. Everything is in walking distance. The Teneriffe Riverwalk and Ferry is only 50m away, Woolworth's Metro, Danny's Bread, Caffeine Espresso are directly below and Newstead Gasworks is around the corner, the convenience is unbeatable! It is stylish, modern, and ideally located to take advantage of the best amenities that Teneriffe, Newstead and New Farm has to offer.

Vacant Possession is available. Please email or call Anthony on 0430 028 254 to book an inspection, or make sure to attend the next open home before it goes under contract.

Additional Features:
- Fridge, washing machine, clothes dryer and couch can be included
- Stylish lobby, with good on-site management
- Rooftop Terrace with BBQ and stunning City views
- Secure basement car park with over 20 visitor car parks
- Totally lift accessible with intercom access
- Pet-friendly complex
- Compact dishwasher and clothes dryer
- Rental Appraisal $520 - $550 per week
- Body Corporate fees only $4,773.84 per year

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Property History for 503/113 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$495,000
02 Jul 2024
Listed for Rent
14 Oct 2016
  • 22 Jul 2024
    Listed for Rent $550 / week
  • 02 Jul 2024
    Sold for $495,000
  • 27 Jun 2024
    Listed for Sale Sold by Anthony Oddo
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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 3,793 properties. Over the last 5 years, Houses in Teneriffe have seen a 6.11% increase in median value, while Units have seen a 65.57% increase. As at 30 November 2024:

  • The median value for Houses in Teneriffe is $1,852,817 while the median value for Units is $1,007,377.
  • Houses have a median rent of $775 while Units have a median rent of $750.
There are currently 19 properties listed for sale, and 22 properties listed for rent in Teneriffe on OnTheHouse. According to CoreLogic's data, 231 properties were sold in the past 12 months in Teneriffe.

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Anthony Oddo
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Best Life Real Estate Agency - NEW FARM
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