54 Broadway StreetWoolloongabba QLD 4102
Property Details for 54 Broadway St, Woolloongabba
54 Broadway St, Woolloongabba is a 7 bedroom, 4 bathroom Unit. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (July 2021)
A substantial investment or development opportunity exists in the emerging inner-city suburb of Woolloongabba. An ideal location for its proximity to public transport, the CBD, the Gabba and multiple exciting cafes and restaurants. This property contains seven self-contained rooms and is currently tenanted as rooming accommodation. The 809SQM parcel of inner city property is an ideal income stream for any savvy investor.
Recently updated interiors make each room fresh, clean and practical. The home is surrounded by substantial green space, perfect for enjoying Brisbane's stunning weather.
The zoning allows for a number of uses for the site and the flexibility of the existing use rights, these may contribute to further re-development potential with the surrounding area (subject to council approval). The area is seeing a rise in popularity and capital gain due to the increasing residential and commercial redevelopment undergoing within the area.
54 Broadway property features but is not limited to:
* Charming traditional Queenslander exterior
* Rooming accommodation set on 809SQM parcel of land
* Seven self-contained rooms
* Substantial green space
* Recently updated interiors
* Substantial rental yield
* Easy access to public transport, CBD and cafes
For further information on this opportunity or to book in a private inspection, please contact Hamish Bowman or Scott Bould.
Property History for 54 Broadway St, Woolloongabba, QLD 4102
- 18 May 2021Sold for $1,130,000
- 26 Feb 2021Listed for Sale Under Contract
- 25 Aug 2020Listed for Sale $1,350,000
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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.
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