1001/128 Brookes Street

Off Market

1001/128 Brookes Street

Fortitude Valley QLD 4006

Apartment

Last sold for $478,000

Ming Liu, last sold this property on 11 November 2015 after 55 days on market.

Overview

Investment Opportunity - Excellent Returns on NRAS Scheme

This is a fantastic opportunity to secure a sleek, contemporary investment property situated in the recently completed Brooklyn on Brookes complex in a highly desirable location - The Valley. Excellent returns are on offer through the NRAS scheme around $170/week. The NRAS agreement has over 9 years remaining - 10 year term starting 24/10/2014, and it is managed by AMC (one of Australia's largest NRAS providers). Current NRAS rent is $395.50/week unfurnished. Market rent is around of $550/week. The property features two bedrooms with built-in robes, two modern bathrooms, one secure car park, open plan living and dining area, north-east facing with City view towards Gas Works, Hamilton and the Brisbane River. It has a stylish kitchen with stone benches and stainless steel appliances, floor to ceiling glass with bi-fold windows, duct air conditioning and ceiling fans throughout, intercom access and a secure complex with onsite management. Approximately 65sqm on the 10th floor, The Brooklyn complex also provides first class resident facilities such as an indoor swimming pool, well equipped gymnasium and a designer lobby. Ideally located in the heart of the Valley’s business centre and Chinatown, a short walk to the Fortitude Valley train station, bus stops, local shopping, dining and entertainment, and only 2km to the Brisbane CBD. This is a great investment opportunity so do not miss out on this great opportunity. Please call the Agent now! Price: $515,000

Features

2 bedrooms

2 bathrooms

1 carspace

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Fortitude Valley over the last 12 months, the estimated median property value of 1001/128 Brookes Street is $825k.

Median value

$825k

Estimated value range

$620k - $1.51m

Median days on market

Estimated value trend

20%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Fortitude Valley. 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 1001/128 Brookes Street

2015

Sold

$478,000

11 Nov 2015 by Ming Liu, of Q Pro Realty

Happy sellers in Fortitude Valley

89%

89% of sellers in Fortitude Valley reported that their sale price either exceeded or met their price expectations.

Fortitude Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 103 reviews in Fortitude Valley over the last 12 months.

Local market activity for 2 bedroom apartments in Fortitude Valley

In the last 12 months, 145 two-bedroom apartments similar to 1001/128 Brookes Street, have been sold.

This represents a 44% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

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