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Back 405/188 Shafston Ave
Off Market

405/188 Shafston Ave

Kangaroo Point QLD 4169

1
1
1347 m²
Apartment
Last sold for $282,000
Ethan PetrieEthan Petrie, last sold this property on 23 November 2025 after 41 days on market.

Overview

Fully Renovated Studio in Prime Kangaroo Point Location!

Beautifully renovated and perfectly positioned close to the the Brisbane River, with City ferries. This furnished studio apartment offers the ultimate "set and forget" investment opportunity. With every detail upgraded, the apartment presents as new - appealing to both tenants and investors seeking a high-yield, low-maintenance property. Featuring reverse cycle aircon and offering a strong rental return of $450-$460 per week and a 9% yield, this is an opportunity not to be missed. Situated in a secure, well-maintained complex on a 1,928m² river-side block, residents enjoy premium facilities including a well equipped gym, lounge, and outdoor entertaining area overlooking the water. Public transport is right on the doorstep, with the CityCat, bus stops, Kangaroo Point Cliffs, and CBD all within minutes. Whether held in a Self-Managed Super Fund or added to your growing portfolio, this property promises consistent performance and strong future demand in one of Brisbane's most tightly held suburbs. Features include: - Fully furnished studio apartment - Recently renovated - EXCELLENT 9% ROI | $450-$460/week - Onsite management and secure tenancies - Gym, lounge & outdoor river-view terrace - 200m to bus stop | 600m to ferry & Kangaroo Point Cliffs | minutes to CBD Financials - Rates: $500 per quarter - Water: $200 per quarter + usage - Body Corporate Levy: $1,500 per quarter (approx. including electricty) - Rental Appraisal: $425 - $475 per week

Features

1 bedroom
1 bathroom
1347 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Kangaroo Point over the last 12 months, the estimated median property value of 405/188 Shafston Ave is $623.5k.

Median value
$623.5k
Estimated value range
$282k - $5.3m
Median days on market
21
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Kangaroo Point. 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 405/188 Shafston Ave

2025
Sold
$282,000
23 Nov 2025 by Ethan Petrie, of Ray White West End
2019
Rented
Undisclosed
Leased on 20 Feb 2019 by LJ Hooker Kangaroo Point
2019
Rented
Undisclosed
Leased on 20 Feb 2019 by Aurora Realty Brisbane

Happy sellers in Kangaroo Point

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

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

This is based on voluntary sentiment collected from 46 reviews in Kangaroo Point over the last 12 months.

Local market activity for 1 bedroom apartments in Kangaroo Point

In the last 12 months, 58 one-bedroom apartments similar to 405/188 Shafston Ave, have been sold.

This represents a 7% decrease in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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

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Lindsay Brown

Sellers who recommend Lindsay Brown have praised them for being local expert, clear communication, responsive, stress-free process, honest, well-prepared and reliable

  •   5   (67 reviews)
  •  17 Reviews in Kangaroo Point
  •  12 Sales in Kangaroo Point
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Soren Andersen

Soren Andersen is a recommended agent for Kangaroo Point.  They have 12 local sales and collected 15 local reviews across the last 12 months.

  •   4.9   (191 reviews)
  •  15 Reviews in Kangaroo Point
  •  12 Sales in Kangaroo Point
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Richard Willert

Sellers who recommend Richard Willert have praised them for being clear communication, local expert, great negotiation, attentive and honest

  •   5   (35 reviews)
  •  8 Reviews in Kangaroo Point
  •  4 Sales in Kangaroo Point
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Jody Green

Jody Green is a recommended agent for Kangaroo Point.  They have 5 local sales and collected 3 local reviews across the last 12 months.

  •   4.8   (38 reviews)
  •  3 Reviews in Kangaroo Point
  •  5 Sales in Kangaroo Point
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