OFF MARKET

48 Broadway Street
Woolloongabba QLD 4102

Bedrooms: 6
Bathrooms: 5
Car spaces: 5
Land area: 615m2
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Last updated 11 Nov 2024
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Property Details for 48 Broadway St, Woolloongabba

48 Broadway St, Woolloongabba is a 6 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 615m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Land Size
615m2
Local Government
Brisbane
Lot/Plan
1/RP11863

Last Listing description (December 2022)

ON THE MARKET TO SELL - THIS GREAT PROPERTY IN THE HEART OF WOOLLOONGABBA WITH MORE THAN MEETS THE EYE AND POSITIONED IN THE COVETED OLYMPIC GAMES PRECINCT

This block of 5 self-contained flats presents a sound investment in the heart of the Woolloongabba precinct.

Situated on 615sqm close to South City Square, The Gabba and Cross River Rail, investors are presented with a great opportunity to capitalise on this high-growth, inner-city position.

The property generates current returns of approx. $55,000 per annum, and features lots of room to improve, add value and increase rental yields.

Features include:
- 1x2-bed and 4x1-bed flats
- All include private kitchens and bathrooms
- Large under-house storage area and communal laundry
- Spacious shared yard at the rear
- Rewired and individually metred
- 10,000L water tank plumbed to the laundry
- Solar panel system

Located in a thriving inner-city precinct, this property offers excellent access to amenities and the CBD 3.5km away. Only 350m from the newly opened South City Square, featuring spectacular cafes, restaurants, artisan shops, Woolworths, Priceline, BWS, and a range of upcoming additions.

Boasting outstanding access to hospitals, universities, schools, bus stops and just 1.2km from the Cross River Rail. Positioned 850m from The Gabba (home of the 2032 Olympic Games), this is a prime inner-city destination and superb investment.

Contact marketing agent Hayley Jane on 0400 958 567 for additional information or to arrange an inspection.

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Property History for 48 Broadway St, Woolloongabba, QLD 4102

A timeline of how this property has performed in the market
Last Sold
$1,200,000
23 Nov 2022
Listed for Rent
$580/w
21 Dec 2020
  • 23 Nov 2022
    Sold for $1,200,000
  • 14 Oct 2022
    Listed for Sale $1.2M +
  • 17 May 2021
    Listed for Rent $200 / week
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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 5,407 properties. Over the last 5 years, Houses in Woolloongabba have seen a 70.47% increase in median value, while Units have seen a 71.73% increase. As at 31 October 2024:

  • The median value for Houses in Woolloongabba is $1,319,325 while the median value for Units is $697,799.
  • Houses have a median rent of $680 while Units have a median rent of $650.
There are currently 26 properties listed for sale, and 26 properties listed for rent in Woolloongabba on OnTheHouse. According to CoreLogic's data, 266 properties were sold in the past 12 months in Woolloongabba.

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