Back 21/78 Merivale Street
Off Market

21/78 Merivale Street

South Brisbane QLD 4101

2
2
1
Unit
Last sold for $510,000
Peter MayPeter May, last sold this property on 12 August 2015 after 56 days on market.

Overview

SOLD BY PETER MAY & JOHN BANKS

This roomy apartment wields great opportunity for investors or those looking for a relaxed lifestyle. This 2 bedroom, 2 bathroom apartment is situated just opposite the Brisbane Convention and Exhibition Centre on the 4th floor. Located in the heart of Southbank, with 92sqm of living and entertaining space. Close to the Cafe Precinct, Cinemas, Parklands and Educational facilities. Transport will be a worry of the past, with close access to trains, buses and ferries all within walking distance of the apartment complex. Parking will not be an issue in this vibrant hub with the luxury of a secure underground car parking space available to occupiers and spare storage facility. Summary of Features: -2 bedroom with built in wardrobes, 1 with ensuite -2 Bathroom -Kitchen includes stainless steel appliances, stone benchtop and island bench completed with ample storage -Reverse cycle air-conditioning throughout -Intercom access -Secure electronic entry to the building and car park -Poolside BBQ facilities, 25m lap pool, elevated spa, private gym and theatre room -Convenience store located at ground floor -Extra storage space available in the basement -Currently vacant, previous rental return of $580 p/w -Good size balcony with view Unit 21/78 Merivale Street is an extraordinary investment opportunity in Brisbane's cultural heart - the Southbank parklands precinct. Walking distance to the CBD and QUT via the Goodwill Bridge, adjacent to the Southbank TAFE campus. The apartment is furnished and ready for new tenants or occupier. Body Corporate Fees: Admin Fund: $371.86 per qtr Sinking Fund: $1,008.03 per qtr For more information on this fantastic opportunity phone Peter May or 0409 543 546 or John Banks 0418 984 331 today.

Features

2 bedrooms
2 bathrooms
1 carspace
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in South Brisbane over the last 12 months, the estimated median property value of 21/78 Merivale Street is $877k.

Median value
$877k
Estimated value range
$680k - $1.44m
Median days on market
26
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South 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 21/78 Merivale Street

2015
Rented
Undisclosed
Leased on 21 Sep 2015 by Aurora Realty Brisbane
2015
Sold
$510,000
12 Aug 2015 by Peter May, of Place Graceville
2006
Sold
Undisclosed
30 Aug 2006

Happy sellers in South Brisbane

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

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

This is based on voluntary sentiment collected from 52 reviews in South Brisbane over the last 12 months.

Local market activity for 2 bedroom units in South Brisbane

In the last 12 months, 15 two-bedroom units similar to 21/78 Merivale Street, have been sold.

This represents a 47% increase in two-bedroom units sales when compared to the previous 12 months.

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