Back 1/7 Lomond Terrace
Off Market

1/7 Lomond Terrace

East Brisbane QLD 4169

2
1
1
0 m²
Apartment
Last sold for $410,000
Jim FraserJim Fraser, last sold this property on 02 June 2023 after 37 days on market.

Overview

Affordable Two Bedroom Residence in the Heart of East Brisbane

Nestled quietly in one of East Brisbane's most peaceful streets, yet footsteps to local amenities and public transport, this apartment presents a great opportunity to secure an enviable East Brisbane lifestyle. Situated in a boutique complex of just 8 residences, this fully furnished property is perfect for both investors and owner occupiers alike, offering something for all potential buyers in the East Brisbane market. Boasting a slick compact layout filled with sunlight, this apartment features open plan living and dining spaces, finished with polished timber floors. The fully functional kitchen comes complete a gas stove with rangehood, electric oven and ample cupboard space. Flowing onto the balcony which is perfect for entertaining a small gathering. Featuring two well-proportioned bedrooms with built in robes, polished timber floors and a leafy outlook. The main bathroom can be easily accessed by both bedrooms, with shower and toilet. Complete with a single lock up car space with neat and tidy exclusive use laundry. Residents will also appreciate the well maintained building with clotheslines and large rear grassed area. This apartment is the perfect entry into the market for first-home buyers, investors or downsizers who are searching for low maintenance living whilst being surrounded by great lifestyle options. There's nothing like the original builds of East Brisbane they're simply unparalleled; from the stability to the sound-proofing. Property features: - Fully furnished - Perfect first home or investment in premium & quiet East Brisbane location - Open plan living, dining & kitchen area - Fully functional kitchen complete with gas stove with rangehood & electric oven - Air conditioning - Polished timber flooring throughout - Bright & breezy with loads of natural light - Two well-proportioned bedrooms - Master bedroom with built in robes - Main bathroom with shower & toilet - Balcony perfect for entertaining a small gathering - Single lock up car space with exclusive use laundry - Boutique complex of 8 residences - Easy access to public transport Expected rental return of $475 per week Body corporate contributions: $3,250 p.a. Council rates: $1,400 p.a. (Approx) It is hard to find a better location, with the re-development of the Gabba in readiness to host the Olympic games, the Cross River Rail already under construction, and the Cross River Bridge from Kangaroo Point to the city, this is an area on the move. East Brisbane is an upscale inner-city peninsula paradise, surrounded by water and parklands. Transport needs are serviced by ferries, City Cats, buses with quick access to the Clem Jones tunnel, South East Freeway and Story Bridge. Entertainment is supplied by the Jazz Club, Story Bridge Hotel and the Gabba'.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
0 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in East Brisbane over the last 12 months, the estimated median property value of 1/7 Lomond Terrace is $833.75k.

Median value
$833.75k
Estimated value range
$590k - $1.25m
Median days on market
19
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in East Brisbane. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/7 Lomond Terrace

2023
Sold
$410,000
02 Jun 2023 by Jim Fraser, of Kangaroo Point Real Estate | Inner Brisbane Property Group
2020
Rented
Undisclosed
Leased on 30 Jan 2020 by Property Services QLD
2018
Rented
Undisclosed
Leased on 20 Mar 2018 by Ray White Mount Gravatt

Happy sellers in East Brisbane

94%
94% of sellers in East Brisbane reported that their sale price either exceeded or met their price expectations.

East Brisbane stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in East Brisbane over the last 12 months.

Local market activity for 2 bedroom apartments in East Brisbane

In the last 12 months, 24 two-bedroom apartments similar to 1/7 Lomond Terrace, have been sold.

This represents a 15% increase in two-bedroom apartments sales when compared to the previous 12 months.

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