OFF MARKET

20/14 Ferry Road
West End QLD 4101

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 58m2
Land area: 70m2
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Property Details for 20/14 Ferry Rd, West End

20/14 Ferry Rd, West End is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 70m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
2005
Floor Size
58m2
Land Size
70m2
Local Government
Brisbane
Lot/Plan
20/SP198930

Last Listing description (October 2023)

A Dual-Key arrangement maximises the investment returns and mitigates the risk on the rental income. With a 2-in-1 apartment, even if one becomes vacant, you still receive income from the second or become creative as an owner-occupier. Live in one and rent out the other!

A perfect opportunity for affordable living in the heart of the Brisbane State High School catchment.

Investors:

With long-term tenants in place, opportunities like this are rare in an emerging suburb like West End. This is an excellent addition to your portfolio.

The key information is as follows:

- Low-maintenance complex
- 2 x studio apartments with private balconies
- Great Return on your investment dollars
- Appt #65 currently rented @ $260 per week
- Appt #66 currently rented @ $275 per week
- Total combined income of $535 per week
- Council rates were approx. $420 last quarter*
- Body corporate fees were approx. $1350 last quarter*

Owner-Occupiers:

A chance to embrace the West End lifestyle while indulging in the chic West End Cafe, Brewery & Restaurant scene. An ideal arrangement where you can live in one and rent out the other to assist with the mortgage repayment OR get creative, buy with a partner or friend and live on one side each!

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

Located at the rear of the building, it is quiet and private.

Don't miss the opportunity to buy what is arguably one of the best value dual key apartment investments in inner Brisbane.

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

***All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries.

Property History for 20/14 Ferry Rd, West End, QLD 4101

A timeline of how this property has performed in the market
Last Sold
$410,000
12 Sep 2023
  • 12 Sep 2023
    Sold for $410,000
  • 02 Aug 2023
    Listed for Sale Sold
  • 29 Mar 2011
    Sold for $315,000
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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 9,223 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 48 properties listed for sale, and 33 properties listed for rent in West end on OnTheHouse. According to CoreLogic's data, 534 properties were sold in the past 12 months in West end.

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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.