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Sold on 16 Aug 2024 for $1,485,000

38 Ormonde Road
Yeronga QLD 4104

Bedrooms: 5
Bathrooms: 5
Car spaces: 5
Land area: 683m2
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Property Details for 38 Ormonde Rd, Yeronga

38 Ormonde Rd, Yeronga is a 5 bedroom, 5 bathroom BlockOfUnits with 5 parking spaces. The property has a land size of 683m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom BlockOfUnits sold in Yeronga in the last 12 months.

Building Type
BlockOfUnits
Land Size
683m2

Last Listing description (August 2024)

This unique property, generating over $90,000 in gross annual income, offers a rare investment opportunity with a block of five 1-bedroom units on a 683sqm non-strata titled plot.

Located just 5km from Brisbane's CBD, this property ensures immediate high-yield returns of over 6%, along with long-term capital growth potential. The site also presents an excellent opportunity for future redevelopment. Consider repurposing or rebuilding to capitalise on the prime location.

Constructed with sturdy concrete blocks, each unit spans approximately 65sqm (including car space), ensuring superb durability and minimal upkeep.

Located only 2.5km from the University of Queensland via the Eleanor Schonell Bridge and close to local cafes, restaurants, and sporting facilities including the Queensland Tennis Centre. The Yeronga train station, Fairfield Gardens Shopping Centre and the newly established Yeerongpilly Green precinct with its many conveniences are also just minutes away.

For more information or to arrange a viewing, contact Zac today. Don't miss out on securing your investment in this lucrative market!

Disclaimer:
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

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Property History for 38 Ormonde Rd, Yeronga, QLD 4104

A timeline of how this property has performed in the market
Last Sold
$1,485,000
16 Aug 2024
Listed for Rent
$270/w
13 May 2016
  • 16 Aug 2024
    Sold for $1,485,000
  • 24 Jul 2024
    Listed for Sale Offers Over $1.45m
  • 16 Dec 2019
    Listed for Rent - Price not available
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About Yeronga 4104

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 3,680 properties. Over the last 5 years, Houses in Yeronga have seen a 55.43% increase in median value, while Units have seen a 76.33% increase. As at 30 November 2024:

  • The median value for Houses in Yeronga is $1,450,490 while the median value for Units is $759,298.
  • Houses have a median rent of $620 while Units have a median rent of $570.
There are currently 25 properties listed for sale, and 18 properties listed for rent in Yeronga on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Yeronga.

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Zac Fields
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