OFF MARKET

26-28 Roberts Street
Wellington Point QLD 4160

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Land area: 813m2
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Property Details for 26-28 Roberts St, Wellington Point

26-28 Roberts St, Wellington Point is a 6 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 813m2. While the property is not currently for sale or for rent, it was last sold in March 1994.

Building Type
Unit
Land Size
813m2
Local Government
Redland
Lot/Plan
2/GTP104926

Last Listing description (October 2016)

If you have a self-managed super fund here is an investment for your consideration. 3 x two bedroom strata titled units, featuring low maintenance, solid brick construction. The total land size is 813sqm and the owner is ready to sell.
Each unit has its own entertainment patio and courtyard, single lock up garage and private entrance. Located within easy walking distance to the Wellington Point town centre, three schools, bus, train and the bay, there is a lot to like about this property, particularly the low maintenance construction.
This property has three units with strata title: All rented permanently with plenty of room for rental growth. Almost all of the hard work has been done and they are in great condition and long term rental. Now it's time to sit back and reap the rewards. Have a look at the figures - it would be hard to find better investment.

Features include:-
3 x 2 bedroom strata titled brick units
Private courtyards and private entries
813m2 flat block, potential future development
Great presentation, nothing to spend
You own the body corporate, no fees
Solid returns and occupancies
Location
Shops, eateries, amenities 450m
Main bus route 150m
Train station 200m
Wellington Point State School 150m
Redlands College 450m
Wellington Point State High School 1km
Geoff Skinner Wetlands reserve 250m
Wellington Point Bay 1km
Income
Unit 1: Currently earning $335 p/w
Unit 2: Currently earning $335 p/w
Unit 3: Currently earning $320 p/w. Could earn $335
Total: Currently earning $990 p/w @ $990,000 = 5.2% return gross
Outgoing
Rates: $1227.81 per quarter
Water: $799.50 per quarter
Insurance: $1495 p.a.
Interested? Block of flats are rare as hen's teeth. Contact Marvin to discuss an offer before someone snaps this up.

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Property History for 26-28 Roberts St, Wellington Point, QLD 4160

A timeline of how this property has performed in the market
Last Sold
$72,500
31 Mar 1994
  • 20 Jul 2016
    Listed for Sale $990,000
  • 31 Mar 1994
    Sold for $72,500

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About Wellington Point 4160

The size of Wellington Point is approximately 9.7 square kilometres. It has 48 parks covering nearly 34.3% of total area. The population of Wellington Point in 2011 was 11,787 people. By 2016 the population was 12,332 showing a population growth of 4.6% in the area during that time. The predominant age group in Wellington Point is 50-59 years. Households in Wellington Point are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wellington Point work in a professional occupation. In 2011, 77.1% of the homes in Wellington Point were owner-occupied compared with 76.3% in 2016.

Wellington Point has 5,346 properties. Over the last 5 years, Houses in Wellington Point have seen a 79.56% increase in median value, while Units have seen a 76.25% increase. As at 31 October 2024:

  • The median value for Houses in Wellington Point is $1,179,562 while the median value for Units is $711,433.
  • Houses have a median rent of $750 while Units have a median rent of $553.
There are currently 37 properties listed for sale, and 10 properties listed for rent in Wellington point on OnTheHouse. According to CoreLogic's data, 244 properties were sold in the past 12 months in Wellington point.

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