179/803 Stanley StreetWoolloongabba QLD 4102
Property Details for 179/803 Stanley St, Woolloongabba
179/803 Stanley St, Woolloongabba is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 89m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in September 2016.
Last Listing description (November 2016)
A CASH COW - An Investor s Dream Dual Key Lower Risks & Higher Returns
This is a great opportunity to secure a fully furnished apartment close to the city, in an established building that produces a fantastic return.
Dual Key: The property consists of 2 individual units on one title allowing for 2 separate tenancies. With the option of deriving an income from both separately or as a single unit. There is also the option of renting one side of the separated apartments and living in the other to supplement your mortgage repayments.
Higher Returns: The property returns above the standard 2 bedroom apartments in the area as there are 2 individual tenancies. The property is currently achieving $705 per week. The 1 bedroom apartment is rented at $405 per week and the Studio is rented at $300 per week. This is a cash cow!
Property particulars:
- Size: 89m2 + car space
- Income: $705 per week
- Body Corporate: $4,854 per year
- Council Rates: $1,403 per year
Within the complex itself, you will have access to the gym, a roof top pool and an all-weather heated pool, saunas and a residents private cinema. Living at Gabba Central gives you the added convenience of the bustling retail precinct including a Coles supermarket, Post Office, hotel and bottle shop, Asian specialty supermarket, several coffee shops and restaurants including Nandos, bakery, Jetts Gym and numerous other small enterprises.
Close proximity to public transport, hospitals and the CBD This is an opportunity not to be missed.
Property History for 179/803 Stanley St, Woolloongabba, QLD 4102
- 20 Sep 2016Sold for $404,500
- 22 Aug 2016Listed for Sale Buyers from $419,000 must enquire
- 13 Feb 2006Sold for $304,500
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About Woolloongabba 4102
The size of Woolloongabba is approximately 2.5 square kilometres. It has 10 parks covering nearly 2.5% of total area. The population of Woolloongabba in 2011 was 4,788 people. By 2016 the population was 5,640 showing a population growth of 17.8% in the area during that time. The predominant age group in Woolloongabba is 20-29 years. Households in Woolloongabba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woolloongabba work in a professional occupation. In 2011, 37.9% of the homes in Woolloongabba were owner-occupied compared with 31.7% in 2016.
Woolloongabba has 5,320 properties. Over the last 5 years, Houses in Woolloongabba have seen a 73.57% increase in median value, while Units have seen a 67.32% increase. As at 30 September 2024:
- The median value for Houses in Woolloongabba is $1,307,727 while the median value for Units is $697,514.
- Houses have a median rent of $680 while Units have a median rent of $630.
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