Back 308/28 Masters Street
Off Market

308/28 Masters Street

Newstead QLD 4006

1
1
1
70 m²
70 m²
Apartment
Last sold for $627,500
Robert LamprechtRobert Lamprecht, last sold this property on 21 May 2025 after 6 days on market.

Overview

A Hidden Gem in a Vibrant Community

This boutique complex of just 30 units is known for its durable, low-maintenance design and prime location near Gasworks, river walk, transport, with trendy cafes, bars, and restaurants just seconds away. Unit 308, a top-floor, fully renovated apartment, features soaring 3.2m raked ceilings that create a spacious, airy atmosphere, along with rare front-to-back cross-breezes and two brand-new air conditioners for year-round comfort. - 70 square meters in living - Rental appraisal: $650pw approx vacant possession - Low body corporate fees: $ 990 approx per quarter - Sinking fund: $140,000 + approx - Rates: $400 approx per quarter - Beautifully renovated with new carpet, kitchen and two brand-new air conditioners - Modern stainless steel kitchen appliances - Large living area opens onto a spacious balcony - Generously sized master bedroom which can easily accommodates a king-size bed - Large built-in wardrobe with ample storage space - Low maintenance complex with no pool, gym or lifts

Features

1 bedroom
1 bathroom
1 carspace
70 m² floor area
70 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Newstead over the last 12 months, the estimated median property value of 308/28 Masters Street is $715k.

Median value
$715k
Estimated value range
$476k - $1.55m
Median days on market
15
Estimated value trend
24%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Newstead. 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 308/28 Masters Street

2025
Sold
$627,500
Private Sale/Treaty on 21 May 2025 by Robert Lamprecht, of McGrath New Farm
2023
Sold
$417,500
Private Sale/Treaty on 05 Oct 2023 by Mary Buchan, of Junction Estate Agents

Happy sellers in Newstead

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

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

This is based on voluntary sentiment collected from 23 reviews in Newstead over the last 12 months.

Local market activity for 1 bedroom apartments in Newstead

In the last 12 months, 77 one-bedroom apartments similar to 308/28 Masters Street, have been sold.

This represents a 35% increase in one-bedroom apartments sales when compared to the previous 12 months.

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