SOLD
Sold on 23 Aug 2024 for $2,185,000

72 Gillies Street
Zillmere QLD 4034

Bedrooms: 2
Bathrooms: 2
Car spaces: 4
Floor area: 89m2
Land area: 647m2
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Property Details for 72 Gillies St, Zillmere

72 Gillies St, Zillmere is a 2 bedroom, 2 bathroom House with 4 parking spaces and was built in 2010. The property has a land size of 647m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom House sold in Zillmere in the last 12 months.

Building Type
House
Year Built
2010
Floor Size
89m2
Land Size
647m2
Local Government
Brisbane
Lot/Plan
4/RP76147

Last Listing description (October 2024)

Move fast as exceptional investment opportunities like this don't last long!
Built in 2010, this modern complex is situated on 647m2 of land and consists of 4 x 2 bedroom, 2 bathroom townhouses which are all well presented and have spacious floorplans. The property is located on a quiet inside street in an incredibly convenient position close to everything.

The complex has been built to a high standard with each unit comprising stone kitchen benchtops, quality fixtures and fittings and spacious and functional floorplans which make them very attractive and comfortable. Each townhouse also features a generous private courtyard and patio area, in addition to a secure single car garage with remote control door.

The complex is currently held on one title, however it has been constructed to easily enable the townhouses to be individually strata titled if desired.

The current rental return for the complex is $99,060 per annum, however there is significant opportunity to increase the return to market rent which is currently around $115,000 to $120,000 per annum.

The property benefits from an ultra-convenient location within easy reach of every required service and amenity. Taigum Square Shopping Centre is just 1.1kmm away and Zillmere Train Station (and adjoining retail precinct) is just 1km away. There are also numerous buses just around the corner which service the CBD and local area. Zillmere is just 13km north of Brisbane's CBD and is just 5 minutes drive from Westfield Chermside Shopping Centre (Queensland's largest shopping Centre) and provides easy access to the Brisbane Airport and Gateway Motorway. The location is also within easy reach of the Geebung/Virginia employment precinct and local parklands and sporting fields.

A summary document of lease profiles, rental income, expenses and market rent analysis can be provided on request.

To discuss this opportunity further or to arrange your inspection, please contract JOSHUA WATERS.

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Property History for 72 Gillies St, Zillmere, QLD 4034

A timeline of how this property has performed in the market
Last Sold
$2,185,000
23 Aug 2024
Listed for Rent
$350/w
22 Feb 2014
  • 23 Aug 2024
    Sold for $2,185,000
  • 15 Jul 2024
    Listed for Sale Under Contract
  • 21 Oct 2022
    Sold for $1,500,000
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About Zillmere 4034

The size of Zillmere is approximately 3.6 square kilometres. It has 9 parks covering nearly 12.6% of total area. The population of Zillmere in 2011 was 8,106 people. By 2016 the population was 8,951 showing a population growth of 10.4% in the area during that time. The predominant age group in Zillmere is 20-29 years. Households in Zillmere are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Zillmere work in a professional occupation. In 2011, 49.3% of the homes in Zillmere were owner-occupied compared with 42.2% in 2016.

Zillmere has 4,570 properties. Over the last 5 years, Houses in Zillmere have seen a 92.19% increase in median value, while Units have seen a 79.69% increase. As at 31 October 2024:

  • The median value for Houses in Zillmere is $849,730 while the median value for Units is $583,561.
  • Houses have a median rent of $583 while Units have a median rent of $525.
There are currently 18 properties listed for sale, and 21 properties listed for rent in Zillmere on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Zillmere.

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