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Sold on 22 Oct 2024 - Price Unavailable

223A Preston Road
Wynnum West QLD 4178

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 404m2
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Property Details for 223a Preston Rd, Wynnum West

223a Preston Rd, Wynnum West is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 404m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 5 bedroom House sold in Wynnum West in the last 12 months.

Building Type
House
Land Size
404m2
Local Government
Brisbane
Lot/Plan
10/SP252638

Last Listing description (October 2024)

Discover this unique dual living opportunity, set on a 404m² block, offering two streams of income on a single title with NO body corporate fees! Whether you're an investor seeking excellent rental yields & capital growth opportunity, or a homeowner looking to reside in one unit while earning income from the other to help pay your mortgage, this property is ideal!

Perfectly positioned to enjoy all the benefits of bayside living, including proximity to Wynnum Esplanade, major shopping centres, top-rated schools, dining options, Wynnum Golf Club, vibrant Saturday markets, and more. Don't miss out on this outstanding opportunity!

The property currently generates a combined rental income of $890 per week. From February, the rental income has the opportunity to increase to $1,000-$1,100 per week, based on recent market appraisals.

Property Highlights:

Unit 1 (Leased until February 2025):
3 generously-sized bedrooms with built-in wardrobes
Air-conditioning and ceiling fans
Open-plan living and dining area
Separate laundry
Expansive kitchen with ample storage
Spacious alfresco dining area leading to a large grass backyard
Single lock-up garage with remote access

Unit 2 (Leased until January 2025):
Separate water meter
Master bedroom with built-in wardrobe
Second bedroom with built-in wardrobe
Open-concept kitchen
Comfortable living area
Air-conditioning and ceiling fans
Separate laundry
Single lock-up garage with remote access
Located just a 25-minute drive from Brisbane CBD, this home is within walking distance of the Wynnum Esplanade, schools, shops, parks, and public transport. It also offers easy access to the M1 highway, airport, and Moreton Bay.

Seize this incredible dual living opportunity-schedule your inspection today!

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Property History for 223a Preston Rd, Wynnum West, QLD 4178

A timeline of how this property has performed in the market
Last Sold
22 Oct 2024
  • 22 Oct 2024
    Sold for $1,035,000
  • 16 Sep 2024
    Listed for Sale $1,049,000+
  • 17 Oct 2022
    Sold for $850,000
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About Wynnum West 4178

The size of Wynnum West is approximately 5.8 square kilometres. It has 33 parks covering nearly 10.6% of total area. The population of Wynnum West in 2011 was 11,745 people. By 2016 the population was 12,309 showing a population growth of 4.8% in the area during that time. The predominant age group in Wynnum West is 40-49 years. Households in Wynnum West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wynnum West work in a professional occupation. In 2011, 62.4% of the homes in Wynnum West were owner-occupied compared with 60.6% in 2016.

Wynnum West has 5,454 properties. Over the last 5 years, Houses in Wynnum West have seen a 75.19% increase in median value, while Units have seen a 108.86% increase. As at 30 September 2024:

  • The median value for Houses in Wynnum West is $967,228 while the median value for Units is $681,514.
  • Houses have a median rent of $680 while Units have a median rent of $550.
There are currently 31 properties listed for sale, and 7 properties listed for rent in Wynnum west on OnTheHouse. According to CoreLogic's data, 261 properties were sold in the past 12 months in Wynnum west.

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