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78/53 Vernon Terrace
Teneriffe QLD 4005

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 78/53 Vernon Tce, Teneriffe

78/53 Vernon Tce, Teneriffe is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Apartment sold in Teneriffe in the last 12 months.

Building Type
Apartment
Local Government
Brisbane
Lot/Plan
78/BUP103463

Last Listing description (March 2024)

Overlooking tree-lined Vernon Terrace, Unit 78 occupies a prime corner position on the southern end of the Mactaggarts Woolstore. Recently renovated to highlight the building's finest heritage features, enjoy a tasteful blend of existing and new, catering to the comforts of modern life.

Property Features include:
• 2 Bedrooms

• 1 Bathroom
• 1 Car space + storage cage
• Separate study/storage space
• 90 SQM
• Hybrid flooring throughout
• Corner position on the Vernon Terrace side of the building
• Renovated interiors
• Ample windows and natural light
• Ceiling fans throughout
• Split system air conditioner in the main living area

Directly upon entry, you'll notice a space carefully converted into a functional room that can be used in a variety of ways, as a storage or study perhaps, before setting foot inside the heart of this beautiful home.

The spacious kitchen has been renovated with great care to create a seamless continuation of the original building structures. Gather around the generous island bench in this neutral yet inviting space, host to your heart's content in the adjacent dining area, illuminated by large original sash windows, or retreat to the cozy living space.

Harnessing the corner position and the fantastic square floor plan, both bedrooms are flooded with natural light, streaming in through the windows opening onto tree-lined Vernon Terrace. Both bedrooms feature industrial look fans, as well as built-in wardrobes.

The generous bathroom has been renovated to create a sleek and convenient space, with ample internal and external storage.

This apartment is an outstanding opportunity to secure a rare corner apartment in Brisbane's last remaining riverfront Woolstore. Discover the exceptional lifestyle on offer in Teneriffe, enjoy direct access to the boardwalk or simply relax in the lush manicured gardens or the residents' pool overlooking the Brisbane river.

Public transport options, including the CityCat Ferry terminal and the CityGlider bus stop are just around the corner, making commuting a breeze, and major roads and motorways leading to the Brisbane Airport and beyond are just moments away!

BUILDING FEATURES

• Only Woolstore with direct riverfront
• Outdoor pool, BBQ & gazebo areas and gardens area overlooking the Brisbane River
• Immediate access to Riverwalk
• Excellent proximity to CityCat Ferry Terminal, CityGlider and Bus Terminal
• Secure parking
• Onsite Management

SUBURB FEATURES

Lifestyle
• Multitude of cafés, restaurants, bars and specialty shops
• Walking distance to Brisbane CBD, Gasworks Plaza Precinct, James Street Precinct and Fortitude Valley
• Walking distance to Riverwalk, New Farm Park and Howard Smith Wharves
• Easy access to public transport network
• Easy access to ICB & Kingsford Smith Drive, M7 and Airport Link Tunnel

Transportation
• 4 km (15 min drive) to Brisbane CBD
• 15km (20 min drive) to Brisbane Airport
• 2 km (5 min drive) to Bowen Hills Train Station
• Teneriffe CityGilder (bus) and CityCat (ferry) terminal & BCC Bus stop

Education
• New Farm State School & Fortitude Valley State School Catchment zone
• Proximity to Holy Spirit Primary School New Farm & All Hallows School
• Short drive to Brisbane Grammar School, Brisbane Girls Grammar School

Property History for 78/53 Vernon Tce, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
28 Mar 2024
Listed for Rent
$650/w
24 Nov 2022
  • 28 Mar 2024
    Sold for $995,000
  • 18 Mar 2024
    Listed for Sale Under Contract
  • 15 Nov 2022
    Listed for Rent $650 / week
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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 3,810 properties. Over the last 5 years, Houses in Teneriffe have seen a 16.49% increase in median value, while Units have seen a 63.81% increase. As at 31 August 2024:

  • The median value for Houses in Teneriffe is $1,942,745 while the median value for Units is $981,120.
  • Houses have a median rent of $840 while Units have a median rent of $750.
There are currently 30 properties listed for sale, and 25 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.