4 Vernon Street

Off Market

4 Vernon Street

Clontarf QLD 4019

632 m²

Block of units

Last sold for $1,299,000

Anett Puljiz, last sold this property on 15 September 2025 after 76 days on market.

Overview

A Rare High-Yield Bayside Investment

A prized investment opportunity awaits, offering a strong gross rental yield of approximately 6.7%. Situated only 1000m from beautiful Bramble Bay and the popular waterfront Pelican Park, this 632sqm property boasts an impressive rental history and is currently tenanted with long-term occupants. The property comprises four two-bedroom, one-bathroom apartments, making it a secure and consistent income generator in a thriving lifestyle location. With a current return of $87,360 per annum, this investment already performs well, and the market indicates further potential for rental increases into the new financial year. Each unit is in good condition, featuring a functional layout with a long hallway leading to the kitchen and living space, while bathrooms are positioned at the rear toward the communal yard and three carports. Zoned "General Residential" with an 8.5m height limit, the property also holds future development potential. Key Features: + Gross rental yield 6.7% + 632sqm block with four self-contained units, all currently tenanted + Returning $87,360 annually, with potential for future increases + Zoned 'General Residential' with an 8.5m-high building limit + Two-bedroom, one-bathroom layout in each unit + Communal yard, washing line, and three carports + Quiet bayside location within 25 minutes of Brisbane Airport and CBD + 1km to waterfront, close to schools, transport, and Redcliffe Hospital Disclaimer: We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or omissions. Buyers are encouraged to conduct their own due diligence.

Features

8 bedrooms

4 bathrooms

4 carspaces

3 carport spaces

1 garage space

632 m² lot size

Block of units

Estimated Value

We need at least 3 similar 8 bedroom block of units sold in Clontarf over the last 12 months.

Property history for 4 Vernon Street

2025

Sold

$1,299,000

15 Sep 2025 by Anett Puljiz, of Ray White Woody Point

Happy sellers in Clontarf

89%

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

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

This is based on voluntary sentiment collected from 28 reviews in Clontarf over the last 12 months.

Local market activity for 8 bedroom block of units in Clontarf

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Clontarf for a free market appraisal.

Rachele Jones

at Jan Jones Real Estate

(441 reviews)

Get a free market appraisal

Anett Puljiz

at Ray White Woody Point

4.8

(10 reviews)

Get a free market appraisal

Jay Peters

at Ray White One Group | Scarborough

4.9

(538 reviews)

Get a free market appraisal

Madonna Jenkins

at Belle Property Redcliffe

(12 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Clontarf

Rachele Jones

Sellers who recommend Rachele Jones have praised them for being clear communication, local expert, responsive, friendly, honest, pleasant and supportive