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Back 117 Park Road
Off Market

117 Park Road

Yeronga QLD 4104

30
6
910 m²
Block of units
Matthew GriffithsMatthew Griffiths, last sold this property on 27 January 2026 after 32 days on market.

Overview

Sold By Matthew Griffiths

With a projected gross rental income of $768,000 within a year, this 41 room, two storey dwelling is fully accredited with the Brisbane City Council and Department of Housing (Residential Service Unit) for 46 residents. Further, the property has the square meterage and amenities to facilitate a further increase to 52 persons (STCA), increasing the above projected annual gross rental income to $870,000 within a year. With a property manager currently appointed, this property represents a passive investment for purchasers. Always occupied, this rooming accommodation has a capped waiting list and demand from potential tenants is continual and endless. In an ultra-convenient location, the property is a short walk to Yeronga Train Station. Bus transport to the CBD is 70m away, with the outbound bus stop positioned on the opposite side of road from the property. ACCREDITATION • Accreditation as a Residential Service Level 1 for 46 residents GROSS INCOME • Currently returning $624,225 per annum (with 40 residents) • Weekly rent 37 x $295, 1 x $300, 1 x $325, 1 x $350 OUTGOINGS PER ANNUM • Gas $4,200 • Water $13,844 • Rates $8,564 • Insurance $11,767 LAND • 910m2 LMR (2 or 3 Storey Mix Zone) on 2 lots, no traditional character overlay • May be possible for the rear part of the block to be subdivided into a third block of approx. 350sqm and sold separately, without affecting the current dwelling (STCA) • Not on flood map PROPERTY OVERVIEW • All rooms fully furnished • All 41 rooms have personal storage, furniture, beds, fridge/freezer • Recently painted internally and externally • New carpet • Near new roof • Solar power, 36 panels

Features

30 bedrooms
6 bathrooms
910 m² lot size
Block of units

Estimated Value

We need at least 3 similar 30 bedroom block of units sold in Yeronga over the last 12 months.

Property history for 117 Park Road

2026
Sold
27 Jan 2026 by Matthew Griffiths, of Remax First Residential Coorparoo
2014
Sold
$1,200,000
Private Sale/Treaty on 23 Jul 2014
2014
Sold
$1,200,000
22 Jul 2014 by Matthew Griffiths

Happy sellers in Yeronga

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

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

This is based on voluntary sentiment collected from 10 reviews in Yeronga over the last 12 months.

Local market activity for 30 bedroom block of units in Yeronga

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