55 Cressey StreetWavell Heights QLD 4012
Property Details for 55 Cressey St, Wavell Heights
55 Cressey St, Wavell Heights is a 8 bedroom, 4 bathroom BlockOfUnits with 8 parking spaces. The property has a land size of 870m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 8 bedroom BlockOfUnits sold in Wavell Heights in the last 12 months.
Last Listing description (January 2024)
This is a fantastic opportunity for savvy investors, future developers, renovators or owner occupiers. The property consists of four flats situated on a prime 870sqmtr corner block in a great location, this is a rare property that doesn't become available in Wavell Heights very often. Zoned Residential A - Multi Unit Dwelling the site has a current income of approximately $77,000 per annum. The site is flood free and has no easements or sewer lines that would impact future development.
Each flat is neat and tidy with a separate courtyard plus double car accommodation and separate laundries under. There is scope to value add by renovating the flats in the future. Renovations would also mean an even better annual return. The buildings have been well maintained with a new roof installed two years ago as well as new water pipes and individual water meters installed.
Current property format and features:
Unit 1: 2 bedrooms, 1 bathroom, 2 car accommodation, separate laundry, separate fenced back yard exclusive use. Lease expires 30/07/2024. $360 per week.
Unit 2: 2 bedrooms, 1 bathroom, 2 car accommodation, separate laundry, separate fenced back yard exclusive use. Lease expires 09/01/2025. $375 per week.
Unit 3: 2 bedrooms, 1 bathroom, 2 car accommodation, separate laundry, separate fenced back yard exclusive use. Lease expires 31/10/2024. $375 per week.
Unit 4: 2 bedrooms, 1 bathroom, 2 car accommodation, separate laundry, separate fenced back yard exclusive use. Rented for 12 months as at January 2024 for $395 per week.
Wavell Heights is conveniently located with close proximity to the Brisbane CBD and well serviced by major transport, bus and rail. Brisbane Airport, Nundah Village and Westfield Chermside are all just a short drive away.
Disclaimer:
This property is being sold without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Property History for 55 Cressey St, Wavell Heights, QLD 4012
- 31 Jan 2024Sold for $1,550,000
- 17 Jan 2024Listed for Sale FOR SALE
- 30 May 2019Listed for Rent $310 / week
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0About Wavell Heights 4012
The size of Wavell Heights is approximately 4.1 square kilometres. It has 19 parks covering nearly 16.6% of total area. The population of Wavell Heights in 2011 was 9,434 people. By 2016 the population was 9,691 showing a population growth of 2.7% in the area during that time. The predominant age group in Wavell Heights is 40-49 years. Households in Wavell Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wavell Heights work in a professional occupation. In 2011, 71.4% of the homes in Wavell Heights were owner-occupied compared with 70.6% in 2016.
Wavell Heights has 4,257 properties. Over the last 5 years, Houses in Wavell Heights have seen a 91.78% increase in median value, while Units have seen a 61.53% increase. As at 31 October 2024:
- The median value for Houses in Wavell Heights is $1,357,827 while the median value for Units is $647,234.
- Houses have a median rent of $695 while Units have a median rent of $500.
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