11 Ovendean St, Yeronga is a 3 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1966. The property has a land size of 546m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Comprising of three tenanted units with a combined rent of $1,045 per week this flood free block is a tremendous investment and could be the cash cow you've been searching for.
Property Features:
546m2 block
Location:
5 min walk to Yeronga Train Station
2 min walk to Yeronga RSL
4 min drive to PA Hospital
4 min drive to Woolworths Annerley
3 min drive to Fairfield Shopping Complex (Coles)
2 min walk to Yeronga Shopping Village
11 min drive to Brisbane CBD
20 min drive to Brisbane Airport
1 hour drive to Gold Coast
School Zones:
Yeronga State School (Prep to year 6) - 8 min walk
Yeronga State High School (Year 7 to 12) - 2 min walk
Rental Estimate:
Currently tenanted for a combined $1,045 per week
Costs:
Council rates: $84 per week approx (investment)
Water rates: $53 per week approx (dependant on usage)
The size of Yeronga is approximately 3.5 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Yeronga in 2011 was 5,540 people. By 2016 the population was 6,537 showing a population growth of 18.0% in the area during that time. The predominant age group in Yeronga is 20-29 years. Households in Yeronga are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yeronga work in a professional occupation. In 2011, 55.9% of the homes in Yeronga were owner-occupied compared with 53.3% in 2016.
Yeronga has 3,669 properties. Over the last 5 years, Houses in Yeronga have seen a 81.21% increase in median value, while Units have seen a 77.67% increase. As at 30 September 2024:
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