OFF MARKET

15-16/14 Ferry Rd
West End QLD 4101

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Last updated 30 Sep 2024
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Property Details for 15-16/14 Ferry Rd, West End

15-16/14 Ferry Rd, West End is a 2 bedroom, 2 bathroom Unit.

Building Type
Unit
Local Government
Brisbane

Last Listing description (April 2024)

A 2-in-1 Dual-Key apartment provides an excellent ability to maximise those investment returns or become creative as an owner-occupier. This is the perfect opportunity for affordable living, right in the heart of the Brisbane State High School catchment ... What to know how? Then read on

Investors:
Opportunities like this are rare in a premium suburb like West End. With long-term tenancies in place, seize the moment and lock in the returns for your portfolio.

The key information is as follows:

- DUAL KEY in WEST END!
- Low maintenance complex
- 2 x studio apartments with private balconies
- Great Return on your investment dollars
- Appt #15 currently rented @ $233 per week
- Appt #16 currently rented @ $243 per week
- Total combined income of $476 per week
- Council rates were approx. $388 last quarter*
- Body corporate fees were approx. $1103 last quarter*

Owner-Occupiers:
Live the West End lifestyle and indulge in the vibrant West End Cafe, Brewery amp; Restaurant scene. The best thing is YOU can live in one and rent out the other to crunch the mortgage OR get creative and buy with a partner or friend and live on each side!

- 600m to ALDI Center;
- 750m to West End Ferry Terminal;
- 1.5km to main dining precinct;
- 2km to Brisbane State High School;
- Easy bus access to the Brisbane CBD.

Don't miss out on this opportunity to buy what is potentially the best value dual key apartment investment in inner Brisbane. We look forward to showing you through!

*estimates - based on figures supplied by the property management.
*photos are indicative of an empty apartment due to tenants' privacy.

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Property History for 15-16/14 Ferry Rd, West End, QLD 4101

A timeline of how this property has performed in the market
  • 01 Dec 2022
    Listed for Sale Price Guide: $420,000 to $440,000
  • 21 Oct 2022
    Listed for Sale Price Guide: $420,000 to $450,000

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About West End 4101

The size of West End is approximately 2.3 square kilometres. It has 4 parks covering nearly 6.7% of total area. The population of West End in 2011 was 8,061 people. By 2016 the population was 9,482 showing a population growth of 17.6% in the area during that time. The predominant age group in West End is 20-29 years. Households in West End are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West End work in a professional occupation. In 2011, 36.9% of the homes in West End were owner-occupied compared with 38.7% in 2016.

West End has 9,224 properties. Over the last 5 years, Houses in West End have seen a 59.78% increase in median value, while Units have seen a 51.99% increase. As at 31 August 2024:

  • The median value for Houses in West End is $1,678,922 while the median value for Units is $804,022.
  • Houses have a median rent of $738 while Units have a median rent of $660.
There are currently 52 properties listed for sale, and 35 properties listed for rent in West end on OnTheHouse. According to CoreLogic's data, 533 properties were sold in the past 12 months in West end.

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